Spot Bitcoin ETFs in the U.S. Record $795.88 Million in Trade Volume

Bitcoin ETFs Reach $17.94 Billion in Net Inflows Since January Launch

Bitcoin ETFs – U.S. spot bitcoin exchange-traded funds (ETFs) posted daily net inflows of $105.84 million on Wednesday, marking their fifth consecutive day of gains. BlackRock’s IBIT, the largest bitcoin ETF by net assets, led the pack with a significant inflow of $184.38 million, as per data from SoSoValue. This inflow comes as a sign of investor confidence in bitcoin ETFs, despite volatility in the broader crypto market.

Bitwise’s BITB also contributed to the inflows, bringing in $2.07 million. However, other major funds like Ark Invest and 21Shares’ ARKB saw net outflows, with $47.41 million leaving the ETF on the same day. Fidelity’s FBTC experienced $33.19 million in net outflows. The remaining funds, including Grayscale’s GBTC, reported zero flows.

Trade Volumes Dip Slightly

The combined trade volume for all 12 spot bitcoin ETFs in the U.S. stood at $795.88 million on Wednesday. This represents a decrease from Tuesday’s volume of $1.11 billion, though overall investor interest remains robust. Since their launch in January, these bitcoin ETFs have accumulated a total net inflow of $17.94 billion, showing sustained growth in investor participation.

Ether ETFs Post Modest Inflows

In addition to bitcoin ETFs, spot ether ETFs also posted net inflows of $43.23 million on Wednesday. Leading the inflows was Grayscale Ethereum Mini Trust, which saw $26.63 million in positive flows. BlackRock’s ETHA recorded $9.38 million in inflows, followed by $6.45 million from Fidelity’s FETH. 21Shares’ CETH posted inflows of around $774,100, marking its first net inflow since July 31.

The nine ether ETFs had a combined daily trade volume of $124.18 million on Wednesday. Since their debut in July, these funds have experienced total net outflows of $580.94 million, indicating that while there is growing interest, ether ETFs have faced more challenges than their bitcoin counterparts.

SEC Postpones Ethereum ETF Decisions

In a related development, the U.S. Securities and Exchange Commission (SEC) has postponed its decision on listing and trading options for BlackRock, Bitwise, and Grayscale’s Ethereum ETFs. Originally expected on Thursday, the decision has now been pushed back to November. This delay adds to the ongoing regulatory uncertainty surrounding crypto-based ETFs in the U.S., as both the SEC and crypto markets navigate an evolving regulatory landscape.

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