2 days
SOC Team
US Bitcoin and Ethereum ETF Net Inflows Update on October 23, 2024
Inflow
The US Spot ETF Net Inflows on October 23, 2024, are recorded at +$190.7M for BTC and +$1.2M for ETH.
Fig 1. The US Bitcoin and Ethereum ETF inflows.
1. Key statistics for 11 Bitcoin Spot ETFs: +$190.7M
- The net flow turned strongly positive again after just one day with outflow.
- BlackRock's iShares Bitcoin Trust (IBIT) has led the inflow leaderboard for 7 consecutive trading days. This ETF added another 4,798 BTC ($316M) yesterday, bringing its holdings to 396,919 BTC ($26.69B).
- The cumulative total net inflow after 198 trading days now stands at $21.38B.
Fig 2. 30-Day Net Inflow of 11 Bitcoin ETFs.
2. Key statistics for 9 Ethereum Spot ETFs: +$1.2M
- The net flow has been positive for 2 days in a row, albeit weakly.
- All 11 ETH ETFs had flow volumes of less than $8M each.
- In particular, Fidelity Ethereum Fund (FETH) saw the largest inflow at $6.2M, and Grayscale Ethereum Trust (ETHE) experienced the largest outflow at $7.6M.
- The cumulative total net inflow after 66 trading days now stands at -$480M.
Fig 3. 30-Day Net Inflow of 9 Ethereum ETFs.