Sign in

Token BTC
Token ETH

17 hours

SOC logo

SOC Team

US Bitcoin and Ethereum ETF Net Inflows Update on October 8, 2024

Outflow

The US Spot ETF Net Inflows on October 8, 2024, are recorded at -$18.5M for BTC and -$8.1M for ETH.

 

Fig 1. The US Bitcoin and Ethereum ETF inflows.

 

1. Key statistics for 11 Bitcoin Spot ETFs: -$18.5M

  • The net flow turned slightly negative on the second trading day of the week after being strongly positive on the first trading day.
  • BlackRock's iShares Bitcoin Trust (IBIT) was the only ETF with an inflow yesterday, adding 637 BTC ($39.7M) to its holding, but could not outweigh the outflows from two ETFs, Fidelity Wise Origin Bitcoin Fund (FBTC) and Grayscale Bitcoin Trust (GBTC).
  • The cumulative total net inflow after 187 trading days now stands at $18.71B.

 

Fig 2. 30-Day Net Inflow of 11 Bitcoin ETFs.

 

2. Key statistics for 9 Ethereum Spot ETFs: -$8.1M

  • The net flow fell negative after a day without flows.
  • Fidelity Ethereum Fund (FETH) and Bitwise Ethereum ETF (ETHW) were the two ETFs that saw outflows yesterday, while the other 7 ETFs continued to experience $0 net flows.
  • The cumulative total net inflow after 55 trading days now stands at -$561M.

 

Fig 3. 30-Day Net Inflow of 9 Ethereum ETFs.

#eth
#ethereum
#ethereum etf
#eth etf
#bitcoin
#btc
#etf
#bitcoin etf
#daily net total inflow
#blackrock
#grayscale