The post Crypto ETF Report: Ethereum ETFs Outshine Bitcoin by $236.22 Million appeared first on Coinpedia Fintech News
On October 14, both crypto ETFs, Bitcoin and Ethereum, made a small comeback. Bitcoin ETFs saw an inflow of $102.58 million, while Ethereum ETFs reported $236.22 million, surpassing Bitcoin.
According to data from SoSoValue, Bitcoin ETFs saw a combined $102.58 million in inflows, with Fidelity FBTC leading at $132.67 million. Two other ETFs recorded gains, Bitwise BITB of $7.99 million and Ark & 21Shares ARKB $6.76 million.
Meanwhile, BlackRock IBIT and Valkyrie BRRR reported outflows of $30.79 million and $14.05 million, respectively. The total trading value of the day reached $6.92 billion, slightly higher than the previous day. Net assets came in at $153.55 billion, representing 6.82% of the Bitcoin market cap.
Ethereum ETFs recorded a total net inflow of $236.22 million, with six ETFs reporting gains. Fidelity FETH led with $154.62 million, followed by Grayscale ETH $34.78 million. Additional gains were made by Bitwise ETHW of $13.27 million, VanEck ETHV $10.55 million, and Franklin EZET $7.81 million.
Neither of the ETFs posted any outflows for the session. Overall, the total trading value climbed to $3.59 billion, signalling a strong market recovery. The total net assets came in at $28.01 billion, marking 5.64% of the Ethereum market cap.
Bitcoin is trading at $112,246.39, with a 1.16% drop in 24 hours. The daily trading volume, however, surged to $92.37 billion, showing strong market activity.
Ethereum is now priced at $4,098.64, with a market cap of $494.72 billion, representing a small decline. But its trading volume increased to $68.24 billion, marking a 41.46% increase compared to the previous day.
Both assets are hovering moderately lower than their all-time highs, driven by the trade tension between the US and China. The uncertainty led to market volatility and panic selling, resulting in a sharp plunge in BTC after hitting its highest.
