Bitcoin ETFs resume with $254.82m, ETH funds lag

Spot Bitcoin and Ethereum exchange-traded funds in the United States started the week moving in different directions as the broader cryptocurrency market faced consolidation.

According to SoSoValue data, 12 spot Bitcoin ETFs recorded net inflows of $254.82 million on Nov. 18, breaking a two-day streak of outflows that saw $770.77 million leave the funds.

BlackRock’s IBIT led the group with an inflow of $89.33 million after a quiet day with no activity. Notably, the investment manager’s IBIT fund, which has $43.12 billion in net assets, has already surpassed the $32.67 billion iShares Gold Trust.

Fidelity’s FBTC and Grayscale Bitcoin Mini Trust contributed $59.95 million and $54.39 million in inflows, respectively, on Monday. Bitwise’s BITB, ARK 21Shares’ ARKB, VanEck’s HODL and Grayscale’s GBTC funds are also worth $24.37 million, $13.22 million, $7.74 million and $5.82 million, respectively. recorded more modest entries.

The remaining five spot Bitcoin ETFs remained neutral throughout the day.

Ethereum ETFs hit 3-day breakout streak

Meanwhile, spot Ethereum ETFs recorded net outflows of $39.08 million yesterday, according to data from SoSoValue, kicking off the second week of trading for these new investment products. Following Monday’s outflows, the ETFs experienced a three-day outflow streak with over $102.19 million outflows from the funds.

The majority of outflows on November 18 came from BlackRock’s ETHA, with $23.91 million exiting the fund. Grayscale’s ETHE and Ethereum Mini Trust also recorded outflows of $13.28 million and $5.06 million respectively.

The only exception among Ethereum ETFs was Fidelity’s FETH, which reported $3.17 million in inflows on the day, while the remaining five ETFs did not see any activity.

The different momentum between spot Bitcoin and Ethereum ETFs comes as global cryptocurrency market capitalization remains relatively stable, falling only 0.3% in the last 24 hours, according to data from CoinGecko.

Amid broader market consolidation, Bitcoin (BTC) was up 0.9%, trading at $91,533 at the time of writing. Ethereum (ETH) also increased by 0.7% in the past day and was valued at approximately $ 3,133.