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SOC Team
US Bitcoin and Ethereum ETF Net Inflows Update on November 4, 2024
Outflow
The US Spot ETF Net Inflows on November 4, 2024, are recorded at -$540.9M for BTC and -$63.2M for ETH.
Fig 1. The US Bitcoin and Ethereum ETF inflows.
1. Key statistics for 11 Bitcoin Spot ETFs: -$540.9M
- The net flow has been negative for 2 consecutive trading days. Notably, yesterday's net outflow was the second-largest ever.
- Notably, ARK 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF (BITB) had their largest outflows since launch.
- Meanwhile, BlackRock's iShares Bitcoin Trust (IBIT) was the only BTC ETF with an inflow of 569 BTC ($38.6M).
- The cumulative total net inflow after 206 trading days now stands at $23.65B.
Fig 2. The Net Inflow of 11 Bitcoin ETFs.
2. Key statistics for 9 Ethereum Spot ETFs: -$63.2M
- The net flow has been negative for 2 consecutive days. Notably, yesterday's outflow was the largest since September 23, 2024.
- Grayscale (ETHE and ETH) saw a total outflow of $42.7M, followed by Fidelity Ethereum Fund (FETH) with an outflow of $31.5M.
- BlackRock's iShares Ethereum Trust (ETHA) was also the only ETH ETF with an inflow of $11M.
- The cumulative total net inflow after 63 trading days now stands at -$547M.
Fig 3. 30-Day Net Inflow of 9 Ethereum ETFs.