Crypto exchange-traded funds of Bitcoin and Ethereum are seeing a significant spike in inflows. As per Lookonchain, Bitcoin ETFs recorded a $77.6B in inflows while Ethereum ETFs added $8.09B on November 8th. The analytics provider took to social media to provide the details of the ETF inflows.
Bitcoin ETFs See Record Inflow of $77.6B on November 8th
In its recent X post, Lookonchain pointed out that the Bitcoin exchange-traded funds saw $1,019,936 $BTC in net inflows. The respective figure reportedly accounts for $77.6B in total. Individually, Blockrock’s Bitcoin ETF ($IBIT) led the market with an inflow of more than 14,607 $BTC. Subsequently, Fidelity’s Bitcoin ETF ($FBTC) added a considerably low amount of 2,491 $BTC.
Following that, the inflows of Grayscale Bitcoin Mini Trust ($BTC) reached 1,427 $BTC. Apart from that, Grayscale Bitcoin Trust ($GBTC) and ARK 21Shares Bitcoin ETF ($ARKB) recorded inflows of 396 $BTC and 229 $BTC respectively. Additionally, VanEck’s $HODL obtained 226 $BTC in inflows. Nonetheless, Bitwise ($BITB) and Valkyrie’s ($BRRR) received the least inflows by adding 174 $BTC and 28 $BTC respectively. Throughout the week, the Bitcoin ETFs witnessed cumulative 14,978 $BTC (nearly $1.14B) entering the market.
Ethereum ETFs See $8561M in 1-Day Inflows Despite Recording Some Outflows
Ethereum ETFs also beheld noteworthy inflows as 29,379 $ETH (almost $85.61M) entered the market. In terms of individual inflows, Fidelity’s $FETH saw 10,000 $ETH in inflows. Subsequently, Grayscale Ethereum Mini Trust ($ETH) added 9,423 $ETH. Along with this, BlackRock’s $ETHA and Bitwise Ethereum ETF ($ETHW) beheld 8,179 $ETH and 2,296 $ETH in net inflows respectively. Nevertheless, Grayscale EThereum Trust ($ETHE) and Invesco Galaxy Ethereum ETF ($QETH) saw significant outflows. Moreover, 3 $ETH ETFs saw now flows at all. Besides, the ETH ETFs experienced an outflow of $14.1M over the week.
