U.S. Crypto ETFs Cruise, Bitcoin, Ethereum Spot ETFs All End the Day with Net Inflows

U.S. bitcoin spot ETFs saw net inflows totaling $50.6 million on Dec. 1 (local time), according to analysis from a crypto market data analytics platform. This is the third consecutive trading day of net inflows. Grayscale GBTC saw net outflows of $71.3 million, Fidelity FBTC saw $48.4 million, Bitwise BITB saw $20.7 million, ArcInvest ARKB saw $22.4 million, and VanEck HODL saw $3.6 million. On the other hand, there were net inflows of $25.9 million into BlackRock IBIT and $191 million into Grayscale Bitcoin Mini Trust (ticker: BTC). The Grayscale Mini Bitcoin Trust is a spin-off of GBTC, with a management fee of 0.15%, one-tenth the cost of GBTC.

Meanwhile, the US ETH spot ETF saw net inflows totaling $26.7 million. This marks the second trading day of net inflows. Grayscale ETHE alone saw $78 million worth of net outflows, while BlackRock ETHA and Fidelity FETH saw net inflows of $89.6 million and $11.7 million, respectively. This is the first time BlackRock EHTA net inflows have surpassed grayscale ETHE net outflows.