Bitcoin ETF:
As of October 14th, BTC Spot ETF experienced a total inflow of $555.86 million, bringing the net asset ratio to 4.75%, according to SoSoValue. The Grayscale Bitcoin ETF, popularly known as GBTC, saw a net inflow of $37.7 million, bringing its total net inflow to $20.15 billion, a historical first. On the other hand, Grayscale’s Bitcoin Mini Trust ETF witnessed a net inflow of $4.68 million. This brings the total net inflow to a historical record of $405.82 million.
Another contestant in the Bitcoin Spot ETF race, Fidelity’s ETF or FBTC, saw the highest net inflow for the day at a whopping $239.2 million, bringing Fidelity’s total net inflow to $10.22 billion. BITB, managed by Bitwise, was another top performer who saw a daily inflow of $100.2 million. It reflects ongoing investor confidence and interest, bringing its Bitcoin Spot ETF product to $2.71 billion in net assets. Other notable entries include ARKB from Ark Invest, which recorded a net inflow of $69.79 million, while VanEck’s HODL ETF pulled in $11.9 million.
Invesco’s BTCO ETF and Franklin’s EZBC also recorded inflows worth $4.94 million and $5.73 million, respectively. In addition, smaller funds, such as Hashdex’s DEFI ETF and WisdomTree’s BTCW ETF, did not see any inflows for the day. However, DEFI rose by 4.68% to $75.20, and BTCW’s price rose to $70.01, a 4.43% increase. This brings to light the growing optimism among investors.
Ethereum ETF:
In the Ethereum ETF space, Grayscale’s ETHE fund remains a dominant player. However, it saw no net inflow on October 14th. BlackRock’s ETHA saw an inflow of $14.31 million, indicating a growing investor interest in the asset manager. The ETF closed at $19.88 which was a 6.54% increase since the past day’s closing price. In particular, Fidelity’s FETH ETF, the second largest fund, saw net inflows of $1.31 million and a price increase of 6.62% during the day, reaching the amount of 26.24 US dollars. This indicates steady interest in the Ethereum ETF offered by Fidelity which features $399.36 million of assets under management.
On the other hand, VanEck’s ETHV recorded a 6.74% price appreciation. However, there were no cash inflows for the day. It is noteworthy that the assets of this ETF, which equal $67.27 million, were sustained without any new investments.