Bitcoin ETFs Attract $870 Million, Raising Holdings to 5% of BTC Market Cap

Recent data reveals that spot Bitcoin ETFs have drawn a significant $870.02 million, while spot Ethereum ETFs saw $7.65 million in inflows.

Crypto ETFs Surge as Bitcoin Nears Record Levels

Crypto ETFs have seen strong performance over the last two weeks, as reported by sosovalue.xyz. As Bitcoin (BTC) inched close to its all-time high on Tuesday, 12 Bitcoin ETFs collectively gained $870.02 million. Blackrock’s IBIT fund led with $642.87 million, boosting IBIT’s reserves to 408,253.09 BTC. Fidelity’s FBTC followed with $133.86 million, and Bitwise’s BITB saw inflows of $52.49 million.

Trailing closely behind, Grayscale’s Bitcoin Mini Trust gained $29.20 million, with Vaneck’s HODL adding $16.52 million. ARKB, managed by Ark Invest and 21Shares, brought in $12.39 million. These were the only funds with positive flows, as Grayscale’s GBTC saw an outflow of $17.30 million, while other Bitcoin funds held steady.

This $870.02 million injection has lifted net inflows for the 12 funds to $23.28 billion since January 2024. Trading volume on Tuesday reached $4.75 billion across spot Bitcoin ETFs. Together, BTC ETFs now control $72.55 billion—equivalent to 5.07% of Bitcoin’s market cap. Meanwhile, the nine spot ETH ETFs saw $7.65 million in inflows, led by Blackrock’s ETHA, which alone contributed $13.62 million.

Blackrock also led ETH ETFs, though Grayscale’s ETHE countered gains with a $5.97 million outflow. Since late July, ETHE has recorded over $3 billion in outflows. Other funds remained neutral by day's end. The $7.65 million in inflows brought cumulative net outflows since July 23 to $497.92 million. According to sosovalue.xyz data, Tuesday’s trading volume for ETH funds was $280.55 million, with ETH ETFs holding a total of $7.26 billion in ether, or 2.3% of the total supply.

Source : bitcoin.com