Spot Bitcoin and Ethereum ETFs See Major Inflows on November 13

Spot Bitcoin and Ethereum ETFs: Analyzing Recent Inflows and Trends

The cryptocurrency market witnessed significant inflows into both Spot Bitcoin ETFs and Spot Ethereum ETFs as of November 13, marking a noteworthy trend in the world of spot ETF crypto investments.

Steady Inflows Highlight Investor Interest

On November 13, Spot Bitcoin ETFs recorded a robust total net inflow of $510 million, marking six consecutive days of positive net inflows. The iShares Bitcoin Trust (IBIT) led the charge with an impressive single-day net inflow of $231 million, contributing to its cumulative net inflow of $29.15 billion. The Fidelity ETF FBTC followed closely with a significant net inflow of $186 million.

Source: SoSoValue

• Daily Total Net Inflow: $510.11M

• Cumulative Total Net Inflow: $28.23B

• Total Value Traded: $8.07B

• Total Net Assets: $95.40B (5.38% of the Bitcoin market cap)

The iShares Bitcoin Trust IBIT stood out as the dominant player, with a market price of $51.04 and daily trading volume reaching 103.32 million. The trust maintained net assets of $42.56 billion, capturing 2.40% of Bitcoin’s market share.

Fidelity Ethereum Fund Takes the Lead

In contrast, Spot Ethereum ETFs also experienced steady inflows, although at a more modest scale compared to Bitcoin. The total net inflow for Spot Ethereum ETFs on November 13 was $147 million, also marking six consecutive days of positive flows. The Fidelity Ethereum Fund (FETH) was a key contributor, recording a single-day net inflow of $102 million.

Source: SoSoValue

• Daily Total Net Inflow: $146.89M

• Cumulative Total Net Inflow: $241.51M

• Total Value Traded: $722.49M

• Total Net Assets: $9.48B (2.48% of the Ethereum market cap)

The Fidelity Ethereum Fund (FETH) showcased a market price of $31.70 with a daily volume of 1.92 million. The net assets of the fund totaled $809.75 million, making up 0.21% of Ethereum’s market share.

Comparative Insights on Spot ETF Bitcoin vs. Spot ETF Ethereum

The spot ETF Bitcoin inflows outpaced spot ETF Ethereum inflows, indicating a stronger investor confidence in Spot Bitcoin ETFs. The iShares Bitcoin Trust IBIT held a dominant position, while the Fidelity Ethereum Fund (FETH) led in the Ethereum category.

This trend highlights the dynamic nature of the spot ETF crypto market, with both Spot Bitcoin ETFs and Spot Ethereum ETFs attracting considerable attention from investors, driven by major players like iShares Bitcoin Trust IBIT and Fidelity Ethereum Fund FETH.