Key Takeaways
- U.S. spot Bitcoin ETFs command $103.34 billion in BTC, representing 5.71% of their market cap.
- Bitcoin is trading at $94,232; Ethereum is trading up 10.42% at $1,793.
- U.S. spot Ethereum ETFs command $5.66 billion in net assets, or 2.77% of ETH’s market cap.
U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) have seen almost $1 billion in combined daily net inflows, the largest since Donald Trump took office, spurring significant growth in the crypto markets.
Bitcoin ETFs
According to SoSoValue data, Bitcoin ETFs have seen a staggering return to form with a gigantic $936.43 million daily total net inflows on April 22.
This, so far, brings the week’s total net inflows to $1.32 billion.
ARK 21Shares’ Bitcoin ETF (ARKB) led the charge, bringing in $267.1 million in daily inflows, pushing its total net inflows to $2.98 billion and net assets to $4.59 billion, ranking third and fourth, respectively, among all spot BTC funds.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) wasn’t far behind, pulling in $253.82 million. That brings its cumulative inflows to $11.62 billion and total net assets to $18.16 billion, securing its place as the second-best performer across both metrics.
BlackRock’s iShares Bitcoin Trust (IBIT) added another $193.49 million. IBIT now boasts $39.99 billion in cumulative inflows and $52.7 billion in net assets, cementing its lead by a wide margin.
Bitwise Bitcoin ETF (BITB) followed with $76.71 million in inflows, while Grayscale’s flagship Bitcoin Trust (GBTC) brought in $65.06 million.
Despite the gains, GBTC remains the worst performer in net flows, with $22.68 billion in cumulative outflows.
Still, it holds $17.51 billion in assets, placing it third behind BlackRock and Fidelity.
Among the mid-tier performers, Valkyrie’s BRRR pulled in $23.82 million, Grayscale’s new Mini Trust saw $21.09 million, and Invesco Galaxy’s BTCO added $18.27 million.
Rounding out the group, Franklin Templeton’s EZBC recorded $10.6 million in inflows, while VanEck’s HODL trailed with $6.47 million.
Ethereum ETFs
According to SoSoValue data, Ethereum ETFs have also seen their largest inflows in months, pulling a modest $38.74 million daily total net outflows on April 22.
Just two funds saw positive flows while all others remained neutral.
Leading the gains, Fidelity’s FETH took in a sturdy $32.65 million in net inflows. With $1.39 billion in cumulative inflows, FETH is the second-best performing fund under BlackRock’s ETHA. However, it ranks fourth in net assets and currently holds $649.67 million.
FETH is followed by the Bitwise Ethereum ETF (ETHW), which posted a humble $6.09 million net inflows.
ETHW ranks fourth for cumulative net inflows, now at $314.52 million, and fifth for net assets, commanding $155.59 million.
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