Bitcoin ETFs Vs Ethereum ETFs: $916M BTC Inflows Clash With ETH $23M Outflows

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ETF

  • Bitcoin ETFs added $916.91M in daily inflow, raising total net inflows to $ 37.61 B.
  • IBIT led with $643.16M inflow, holding $54.41B in assets or 2.93% of BTC share.
  • Ethereum ETFs saw a $23.88M outflow, but cumulative inflows reached $ 2.23 B.

The daily total net inflow for U.S. Bitcoin ETFs on April 23 stood at $916.91 million. This pushed the cumulative total net inflow to $37.61 billion. The total value traded across all funds reached $4.09 billion, as reported by SoSoValue. Total net assets for the listed ETFs summed up to $106.39 billion, covering 5.72% of Bitcoin’s market cap.

IBIT Maintains its Position with a Lead in Net Assets

IBIT ETF, sponsored by BlackRock and listed on NASDAQ, recorded the highest net inflow of $643.16 million. It holds net assets of $54.41 billion, representing 2.93% of the total BTC share. IBIT traded $3.24 billion in value and saw 60.96 million shares move during the day.

Source: SoSoValue

FBTC, under Fidelity on CBOE, posted a net inflow of $124.37 million. It holds $18.65 billion in net assets, making up 1.00% of BTC shares. Its trading value for the day was $325.18 million with a daily volume of 3.99 million shares. ARKB, backed by Ark & 21Shares, recorded a daily inflow of $129.50 million. It has $4.82 billion in net assets, with a BTC share of 0.26%. Its market activity reached $144.80 million, covering 1.55 million shares.

GBTC, sponsored by Grayscale on the NYSE, reported no daily net inflow. However, it still holds $17.89 billion in net assets, reflecting a cumulative net outflow of $22.68 billion. BITB, managed by Bitwise, recorded a daily outflow of $15.25 million. It holds $3.63 billion in net assets and contributed 0.20% of the BTC share.

BTC, another Grayscale product, gained $29.84 million in net inflow. It controls $3.94 billion in assets and moves 1.92 million shares in daily volume. Newer entries like HODL, BRRR, BTCO, EZBC, and BTCW posted net inflows or zero changes. BRRR and BTCO held $566.92 million and $488.35 million in assets, respectively, with positive daily changes.

What About Ethereum ETFs?

The daily total net inflow recorded on April 23 stood at -$23.88 million, indicating negative activity. Despite the decline, the cumulative total net inflow reached $2.23 billion, reflecting strong historical demand. Total value traded amounted to $432.87 million, while total net assets stood at $5.93 billion, or 2.74% of Ethereum’s market cap.

Source: SoSoValue

BlackRock’s ETHA led with $2.08 billion in net assets, despite a daily net outflow of $30.28 million. Grayscale’s ETHE followed closely with $2.06 billion in net assets but recorded no inflow activity for the day. Grayscale’s ETH product (ETH) registered a positive daily inflow of $6.40 million, pushing cumulative inflows to $576.53 million.

Fidelity’s FETH held $683.49 million in net assets with cumulative inflows totaling $1.39 billion and no daily net change. Bitwise’s ETHW reported $163.68 million in assets, with a cumulative inflow of $314.52 million and no recent inflow. VanEck’s ETHV held $77.16 million in net assets and recorded cumulative inflows of $131.09 million.

Franklin’s EZET listed $21.03 million in assets with $36.50 million in cumulative inflows and no daily inflow. Invesco’s QETH had $13.43 million in assets and $19.93 million in cumulative inflows, with no daily inflow activity. 21Shares’ CETH reported $11.87 million in assets with cumulative inflows of $15.14 million.

ETHA saw the highest daily volume at 15.40 million and traded $209.34 million in value. The top market movers in daily price change were EZET and CETH, each up 5.17%.

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