U.S. Bitcoin and Ethereum ETFs Experience Net Inflows on Their First Day of Trading, Led by BlackRock Products

November 7 — According to SoSoValue data, the U.S. spot Bitcoin ETF saw a net inflow of $240 million yesterday, marking its first day of positive net flows after six consecutive days of outflows.

Among these, BlackRock’s IBIT led the inflows with $112 million (equivalent to approximately 1,110 BTC), bringing its total net inflow to $64.45 billion.

Following that, Fidelity’s FBTC and Ark & 21Shares’ ARKB recorded net inflows of $61.64 million (about 609.67 BTC) and $60.44 million (about 597.82 BTC), respectively.

Bitwise’s BITB saw a single-day net inflow of $5.5 million (around 54.36 BTC), with total net inflows reaching $2.33 billion.

Notably, among the 12 Bitcoin ETFs trading yesterday, none experienced net outflows.

As of now, the total net asset value (NAV) of Bitcoin spot ETFs stands at $135.43 billion, accounting for 6.73% of Bitcoin’s total market capitalization, with cumulative net inflows of $60.52 billion.

On the same day, Ethereum spot ETFs also experienced a net inflow of $12.51 million, their first positive day after six consecutive days of outflows.

BlackRock’s ETHA led with $8.01 million (approximately 2,420 ETH), bringing its total net inflow to $13.84 billion.

Fidelity’s FETH and Bitwise’s ETHW recorded net inflows of $4.95 million (about 1,490 ETH) and nearly $3.08 million (around 931.16 ETH), respectively.

However, Grayscale’s ETHE was the only ETH ETF to experience a net outflow yesterday, with $3.53 million (about 1,070 ETH). Its total net inflow now stands at $4.76 billion.

Currently, the total NAV of Ethereum spot ETFs is $21.75 billion, representing 5.45% of Ethereum’s total market cap, with cumulative net inflows of $13.91 billion.