On October 21, both U.S. spot crypto ETFs, Bitcoin and Ethereum, returned to a positive phase of inflows. Bitcoin ETFs reported $477.19 million gains, while Ethereum ETFs saw $141.66 million, as per the data collected from SoSoValue.
Bitcoin ETF Breakdown
Bitcoin ETFs saw a total net inflow of $477.19 million, with BlackRock IBIT leading at $210.90 million. Ark and 21Shares ARKB followed with $162.85 million in inflows. Additional gains were made by Fidelity FBTC $34.15 million, Bitwise BITB $20.08 million, VanEck HODL $17.41 million, and Grayscale BTC $13.86 million.
Three other funds made smaller additions, Invesco BTCO of $8.92 million, Franklin EZBC $6.48 million, and Valkyrie BRRR of $2.53 million. No outflows were posted on Tuesday.
Nine out of twelve funds posted ETF inflows, pushing the total trading value to $7.41 billion. This shows an impressive rise from yesterday. Net assets were recorded at $151.58 billion, representing 6.85% of the Bitcoin market cap.
Ethereum ETF Breakdown
Ethereum ETFs recorded a total inflow of $141.66 million, with five out of nine funds posting gains. Fidelity FETH led the session with $59.07 million, followed by BlackRock ETHA’s $42.46 million.
Grayscale ETH and Grayscale ETHE also added $22.58 million and $13.14 million, respectively. Meanwhile, VanEck ETHV posted the smallest gains of the day at $4.40 million.
The total trading volume in Ethereum climbed to $3.17 billion, with net assets standing at $27.17 billion. This marks 5.69% of Ethereum market capitalization.
Market Context
Bitcoin is currently trading around $108,209.29, with a 24-hour trading volume of $102.64 billion, which is approximately 66% higher than the previous day. Its market cap has also improved from yesterday and reached $2.15 trillion.
Ethereum is priced at $3,864.57, with a trading volume of $49.28 billion. Its market cap has reached $466.49 billion. Despite the slight increase on Wednesday, the bearish momentum continues in the crypto market.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
