According to SoSoValue, the cumulative value of spot Bitcoin ETF stands at $17.31 billion as Bitcoin spot ETFs saw a total net inflow of $12.9041 million on September 16th. Leading the race is BlackRock’s IBIT which managed to pool in an inflow of $15.82M on September 16, followed by Fidelity FBTC’s inflow being $5.0641 million.
In the third position comes Franklin’s EZBC with an inflow of $5.04 million while in the fourth and fifth position stands VanEck with an inflow of $4.91 million and Grayscale with an inflow of $2.82 million. Despite the inflow, Grayscale saw a colossal outflow of $20.75 million with a trading volume of 2.93 million. So far the total net asset value of Bitcoin ETFs comes to $52.57 billion, 4.61% of Bitcoin’s current market capitalization.
The total net outflow of Ethereum spot ETFs on September 16th was $9.15 million ticking the cumulative total net outflow to $590.73 million. In a similar trajectory to its counterpart GBTC, Grayscale accounted for a massive outflow of $13.83 million in just a day, bringing its cumulative net outflow to a mighty $2.74 billion. Grayscale’s Ethereum Mini Trust and BlackRock’s ETHA were the only asset managers that experienced an inflow of $2.29 million and $4.16 million respectively. Currently, the value of the total net assets stands at $6.22 billion which is approximately 2.2% of the market cap of Ethereum.
