BTC & ETH ETF inflows
U.S. spot bitcoin ETFs recorded sizable inflows recently, with coverage citing roughly $358M of net additions led by BlackRock's IBIT and single-day flows of about 3,350 BTC. Spot Ethereum ETFs also saw renewed demand, with reports of around $65M in net inflows led by BlackRock's ETHA. ( )
U.S. spot bitcoin and Ethereum exchange-traded funds added money again on April 9 and April 10, with BlackRock products leading both runs. (farside.co.uk) Bitcoin funds took in $358.1 million on April 9 after two days of outflows, then another $240.4 million on April 10, according to Farside Investors. BlackRock’s iShares Bitcoin Trust, which trades under the ticker IBIT, brought in $269.3 million on April 9 and $137.6 million on April 10. (farside.co.uk) Ethereum funds added $85.2 million on April 9 and $64.9 million on April 10. BlackRock’s iShares Ethereum Trust, ticker ETHA, accounted for $90.9 million on April 9 and $53.7 million on April 10, while Fidelity’s FETH posted a $21.0 million outflow on April 9. (farside.co.uk) A spot exchange-traded fund holds the asset itself, so the manager buys bitcoin or ether rather than using futures contracts. BlackRock says ETHA is designed to track the price of ether and gives investors exposure through a regular brokerage account. (blackrock.com) The latest bitcoin inflows pushed cumulative net creations for U.S. spot bitcoin funds to $56.75 billion, with IBIT alone at $63.73 billion and Grayscale’s GBTC still showing cumulative net outflows of $26.08 billion. That split shows how money has kept moving from older, higher-fee products into newer funds since the category launched in January 2024. (farside.co.uk) Ethereum’s spot funds remain smaller, but the gap is narrowing in scale. Farside’s table shows cumulative net inflows of $11.70 billion for the U.S. spot Ethereum group, led by ETHA at $11.73 billion, while Blockworks listed the category at $10.81 billion in market capitalization on April 11. (farside.co.uk, blockworks.com) The two-day rebound also followed a choppy stretch at the start of April. Bitcoin funds lost $173.7 million on April 1, and Ethereum funds lost $71.2 million on April 2 before flows turned positive again on April 6, April 9 and April 10. (farside.co.uk, farside.co.uk) By April 11, Blockworks showed ETHA with about $6.66 billion in assets under management, far ahead of Fidelity’s FETH at about $1.34 billion and Grayscale’s ETHE at about $3.46 billion. The same tracker put total 24-hour volume across Ethereum exchange-traded funds at $920 million. (blockworks.com) For now, the clearest signal is where the money went: BlackRock’s IBIT and ETHA led the inflow tables on both days, and both categories finished the week with fresh net additions. (farside.co.uk, farside.co.uk)