2 weeks ago
Crypto-related exchange-traded funds (ETFs) predominate year-to-date flows among the astir 400 ETFs launched this year, arsenic 13 retired of 25 of these funds are indexed to Bitcoin (BTC) oregon Ethereum (ETH).
The 4 largest funds are each spot Bitcoin ETFs traded successful the US and person registered implicit $2 cardinal successful year-to-date flows, according to a breakdown shared by The ETF Store CEO Nate Geraci.
IBIT dominates year-to-date flows
BlackRock’s iShares Bitcoin Trust ETF (IBIT) leads by a comfy amount, inching person to $21 billion. Fidelity’s FBTC gears towards the $10 cardinal mark, portion ARK 21Shares’ ARKB and Bitwise’s BITB wrapper up the apical 4 with $2.3 cardinal and $2 cardinal year-to-date inflow, respectively.
Meanwhile, BlackRock’s iShares Ethereum Trust (ETHA) has surpassed $1 cardinal successful inflows and is presently the seventh-largest exchange-traded money successful presumption of flows this year.
VanEck’s spot Bitcoin ETF HODL is the 11th largest fund, with astir $581 cardinal successful inflows, while Valkyrie’s BRRR and ProShares’ BITU travel intimately arsenic the 14th and 15th largest with $527.8 cardinal and $446 cardinal inflows, respectively.
Franklin Templeton’s EZBC is the 18th largest money connected the list, getting adjacent to $395 cardinal successful inflows successful 2024. Right beneath it with a little than $2 cardinal difference, Fidelity’s Ethereum Fund (FETH) is the 19th ETF with the largest year-to-date flow.
Grayscale’s mini spot BTC and Invesco’s BTCO adjacent the information of Bitcoin ETFs’ connected the database shared by Geraci. While mini spot BTC registered astir $348 cardinal successful inflows and took the 22nd position, BTCO has amassed $342 cardinal successful year-to-date inflows for the 23rd spot.
Bitwise’s Ethereum ETF (ETHW) rounds retired the crypto ETFs with $314 cardinal successful inflows, making it the 24th largest fund.
Crypto ETFs bleed
Both Bitcoin and Ethereum spot ETFs registered nett outflows past week. Farside Investors’ data shows that spot Bitcoin ETFs traded successful the US mislaid implicit $277 cardinal successful currency from Aug. 26 to Aug. 30, driven chiefly by ARKB’s $226 cardinal successful antagonistic nett flows.
On the different hand, BlackRock’s IBIT closed the week with implicit $210 cardinal successful inflows contempt the deficiency of enactment successful 3 retired of 5 trading days.
Moreover, US-traded spot Ethereum ETFs closed the week with $12.4 cardinal successful outflows. The comparatively tiny magnitude was followed by an adjacent lack of activity, arsenic these funds registered nary flows connected Aug. 30, the archetypal clip since their motorboat connected July 23.
The station Crypto ETFs relationship for much than fractional of each funds launched successful the US this year appeared archetypal connected CryptoSlate.
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