The post Bitcoin ETF Inflows Hit $477M, Ethereum Adds $141M Amid Rising Market Activity appeared first on Coinpedia Fintech News
On October 21, both U.S. spot crypto ETFs, Bitcoin and Ethereum, returned to a positive phase of inflows. Bitcoin ETFs reported $477.19 million gains, while Ethereum ETFs saw $141.66 million, as per the data collected from SoSoValue.
Bitcoin ETF Breakdown
Bitcoin ETFs saw a total net inflow of $477.19 million, with BlackRock IBIT leading at $210.90 million. Ark and 21Shares ARKB followed with $162.85 million in inflows. Additional gains were made by Fidelity FBTC $34.15 million, Bitwise BITB $20.08 million, VanEck HODL $17.41 million, and Grayscale BTC $13.86 million.
Three other funds made smaller additions, Invesco BTCO of $8.92 million, Franklin EZBC $6.48 million, and Valkyrie BRRR of $2.53 million. No outflows were posted on Tuesday.
Nine out of twelve funds posted ETF inflows, pushing the total trading value to $7.41 billion. This shows an impressive rise from yesterday. Net assets were recorded at $151.58 billion, representing 6.85% of the Bitcoin market cap.
Ethereum ETF Breakdown
Ethereum ETFs recorded a total inflow of $141.66 million, with five out of nine funds posting gains. Fidelity FETH led the session with $59.07 million, followed by BlackRock ETHA’s $42.46 million.
Grayscale ETH and Grayscale ETHE also added $22.58 million and $13.14 million, respectively. Meanwhile, VanEck ETHV posted the smallest gains of the day at $4.40 million.
The total trading volume in Ethereum climbed to $3.17 billion, with net assets standing at $27.17 billion. This marks 5.69% of Ethereum market capitalization.
Market Context
Bitcoin is currently trading around $108,209.29, with a 24-hour trading volume of $102.64 billion, which is approximately 66% higher than the previous day. Its market cap has also improved from yesterday and reached $2.15 trillion.
Ethereum is priced at $3,864.57, with a trading volume of $49.28 billion. Its market cap has reached $466.49 billion. Despite the slight increase on Wednesday, the bearish momentum continues in the crypto market.
The post Bitcoin ETF Inflows Hit $477M, Ethereum Adds $141M Amid Rising Market Activity appeared first on Coinpedia Fintech News
On October 21, both U.S. spot crypto ETFs, Bitcoin and Ethereum, returned to a positive phase of inflows. Bitcoin ETFs reported $477.19 million gains, while Ethereum ETFs saw $141.66 million, as per the data collected from SoSoValue. Bitcoin ETF Breakdown Bitcoin ETFs saw a total net inflow of $477.19 million, with BlackRock IBIT leading at …
This articles is written by : Nermeen Nabil Khear Abdelmalak
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