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SOC Team
US Bitcoin and Ethereum ETF Net Inflows Update on October 8, 2024
Outflow
The US Spot ETF Net Inflows on October 8, 2024, are recorded at -$18.5M for BTC and -$8.1M for ETH.
Fig 1. The US Bitcoin and Ethereum ETF inflows.
1. Key statistics for 11 Bitcoin Spot ETFs: -$18.5M
- The net flow turned slightly negative on the second trading day of the week after being strongly positive on the first trading day.
- BlackRock's iShares Bitcoin Trust (IBIT) was the only ETF with an inflow yesterday, adding 637 BTC ($39.7M) to its holding, but could not outweigh the outflows from two ETFs, Fidelity Wise Origin Bitcoin Fund (FBTC) and Grayscale Bitcoin Trust (GBTC).
- The cumulative total net inflow after 187 trading days now stands at $18.71B.
Fig 2. 30-Day Net Inflow of 11 Bitcoin ETFs.
2. Key statistics for 9 Ethereum Spot ETFs: -$8.1M
- The net flow fell negative after a day without flows.
- Fidelity Ethereum Fund (FETH) and Bitwise Ethereum ETF (ETHW) were the two ETFs that saw outflows yesterday, while the other 7 ETFs continued to experience $0 net flows.
- The cumulative total net inflow after 55 trading days now stands at -$561M.
Fig 3. 30-Day Net Inflow of 9 Ethereum ETFs.