Spot Ethereum ETFs Back To Positive Netflows<\/strong><\/h2>\nIn the past week, the spot Ethereum ETFs also recorded positive weekly inflows to the tune of $78.98 million.\u00a0 While this figure seems significantly small compared to that of the Bitcoin ETFs, it represents the third positive net flow in thirteen weeks of trading.<\/span><\/p>\nSimilar to their Bitcoin counterpart, BlackRock\u2019s ETHA accounted for the majority of the reported figures with a $49.76 million inflow while Fidelity\u2019s FETH emerged second, attracting investments valued at $43.52 million.\u00a0<\/span>The spot Ethereum ETFs continue to report a negative cumulative total net outflow of $479.99 million while holding 2.31% of the Ethereum market cap represented in $7.35 billion ETH.<\/span><\/p>\nAt the time of writing, Ethereum trades at $2,649 with a 0.49% gain on the past day. Meanwhile, Bitcoin is valued at $68,168 following a minor decline in the last 24 hours.<\/p>\nBTC trading at $68,187 on the daily chart | Source: BTCUSD chart on Tradingview.com<\/figcaption><\/figure>\nFeatured image from PCMag, chart from Tradingview<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"The US-based spot Bitcoin ETFs produced a magnificent performance in the past week recording $2.1 billion in net inflows. Meanwhile, their Ethereum counterparts have finally turned the corner registering their third positive weekly inflows since their trading debut in July. Related Reading: Analyst Backs Spot Bitcoin ETFs To Surpass Gold ETFs In Cumulative Net Inflows Spot Bitcoin ETFs Record Highest Daily Inflow Since June After a return to positive net flows in the second week of October, the spot Bitcoin ETFs attracted massive levels of investments in the past week which began with $555.86 million worth of inflows recorded on Monday, October 14, representing the highest daily inflows witnessed by these ETFs since June 4.\u00a0 According to data from SoSoValue, these Bitcoin ETFs experienced positive investments of similar sizes for the rest of the week culminating in a total inflow of $2.18 billion, which is the fourth-highest weekly net flow registered by these investment funds since their launch in January.\u00a0 Of these reported figures, over $1.14 billion was invested in BlackRock\u2019s IBIT, which retains its position as the largest spot Bitcoin ETF with cumulative net inflows of $22.84 billion. Unsurprisingly, Fidelity\u2019s FBTC came a distant second with inflows valued at $318.82 million.\u00a0 Bitwise\u2019s BITB also attracted investments valued at $149.81 million while Grayscale\u2019s GBTC broke a 21-week streak of outflows, recording its largest weekly inflow of $91.47 million. All other spot Bitcoin ETFs except Hashdex\u2019s DEFI also experienced significant levels of inflows albeit below $50 million.\u00a0 Presently, the cumulative total net inflows of the spot Bitcoin ETFs stand at $20.98 billion. Meanwhile, these investment funds hold total net assets of $66.11 billion i.e. 4.89% of the Bitcoin market cap. These figures being achieved within ten months of trading demonstrate the enormous potential of these ETFs in driving Bitcoin adoption. Related Reading: Ethereum Derivative Market Sees Over 50,000 ETH Inflow \u2013 Price Fall Imminent? Spot Ethereum ETFs Back To Positive Netflows In the past week, the spot Ethereum ETFs also recorded positive weekly inflows to the tune of $78.98 million.\u00a0 While this figure seems significantly small compared to that of the Bitcoin ETFs, it represents the third positive net flow in thirteen weeks of trading. Similar to their Bitcoin counterpart, BlackRock\u2019s ETHA accounted for the majority of the reported figures with a $49.76 million inflow while Fidelity\u2019s FETH emerged second, attracting investments valued at $43.52 million.\u00a0The spot Ethereum ETFs continue to report a negative cumulative total net outflow of $479.99 million while holding 2.31% of the Ethereum market cap represented in $7.35 billion ETH. At the time of writing, Ethereum trades at $2,649 with a 0.49% gain on the past day. Meanwhile, Bitcoin is valued at $68,168 following a minor decline in the last 24 hours. Featured image from PCMag, chart from Tradingview<\/p>\n","protected":false},"author":581,"featured_media":648924,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[7720,1144,78790,2029,7523,91201,89583,91198],"class_list":["post-648922","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-blackrock","tag-btcusd","tag-btcusdt","tag-fidelity","tag-grayscale","tag-ibit","tag-spot-bitcoin-etfs","tag-spot-ethereum-etfs"],"acf":[],"yoast_head":"\n
Spot Bitcoin ETFs Draws $2.1 Billion Inflows As Ethereum ETFs Turn Green Again - Details<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n