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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.

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