The crypto crowd’s got a new playground – ETFs, and they’re pouring in cash like never before. Bitcoin ETFs just hit a wild peak, raking in $293 million in inflows this Friday alone. Leading the stampede was Blackrock’s IBIT, a behemoth with $206 million flowing in as traders snagged up shares. Fidelity’s FBTC didn’t slack either, catching $33 million, while Bitwise’s BITB bagged another $23 million. Franklin Templeton’s EZBC didn’t miss the action, scoring $17 million, and Vaneck’s HODL added a cool $13 million, capping off a day with $2.84 billion in trades.
And that’s not even scratching it – these funds have been stacking since January, with bitcoin ETFs sitting on a monstrous $25 billion, as per data from sosovalue.xyz. Seems like the big crypto whales are steering the ship, with volumes we haven’t seen in ages.
Ether ETFs Pull Steady Gains, Reducing Outflows
Meanwhile, Ether ETFs made moves of their own, logging $85 million in fresh inflows on Friday. Blackrock’s ETHA snagged the lion’s share at $59 million, while Fidelity’s FETH took in $18 million. Vaneck’s ETHV chipped in with $4 million, and Bitwise’s ETHW added $3 million to the pot.
With these gains, the ether ETFs shaved their net outflows, now down to $336 million from a high of over half a bil’ just weeks ago. Across the nine ether funds, $469 million in trades settled for the day, pushing the total ether stash to a solid $8 billion. But bitcoin? Sitting pretty at $78 billion – untouchable at the top of the crypto ETF mountain, all while traders bet hard on the big BTC boom to keep rising.
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