During Monday’s crypto crash day, Bitcoin (BTC) and Ethereum (ETH) ETFs saw $6.4 billion in cumulative volumes. Which issuers were the most in demand?
Bitcoin and Ethereum ETF Volumes Hit $6.4 Billion
With yesterday’s high volatility causing cryptocurrency prices to drop sharply, we saw that Bitcoin (BTC) spot ETFs had their worst day in 3 months in terms of capital outflows. In this same vein, volumes were particularly substantial.
So, All US Bitcoin ETFs saw $5.7 billion in volumewhile this figure rose to $715 million for Ethereum (ETH) ETFs.
How to invest in Bitcoin ETFs in France?
On the Bitcoin side, BlackRock's IBIT led the way on Monday, with more than half of the volumes, or $2.94 billion. Grayscale's fund came in behind with less than $700 million in volumes:
Volumes on US Bitcoin ETFs
20 € offered when you register on Bitvavo
On the Ethereum ETF side, Grayscale's main product takes the lead with $261 million in volumes, followed by BlackRock's ETF with $207 million. Grayscale's Mini Trust ETF completes the podium with $93 million in volumes.
On X, Bloomberg ETF analyst Eric Balchunas expressed a somewhat ambiguous opinion regarding these volumes :
If you are bullish on Bitcoin, you do NOT want to see crazy volume today, because ETF volume on bad days is a pretty reliable measure of fear. On the other hand, deep liquidity on bad days is part of what traders and institutions like about ETFs, so you also want to see volume, which is good for the long term.
Also in the news — WIF, PEPE, DOGE and SHIB: memecoins, the biggest losers in the fall of cryptos
Meanwhile, BTC has climbed back up to $55,800 at the time of writing, up 2.9% in 24 hours. ETH is trading at $2,500, up 7.7% over the same period.
Join the Cryptoast community on Discord
Sources: Coinglass, X
The #1 Crypto Newsletter 
Receive a daily crypto news recap by email 
What you need to know about affiliate links. This page may feature investment-related assets, products, or services. Some links in this article may be affiliate links. This means that if you purchase a product or sign up for a site from this article, our partner pays us a commission. This allows us to continue to provide you with original and useful content. There is no impact on you and you can even get a bonus for using our links.
Investing in cryptocurrencies is risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers must do their own research before taking any action and only invest within the limits of their financial capacities. This article does not constitute investment advice.
AMF recommendations. There is no guaranteed high return, a product with a high return potential implies a high risk. This risk-taking must be in line with your project, your investment horizon and your ability to lose part of these savings. Do not invest if you are not prepared to lose all or part of your capital.
To go further, read our Financial Situation, Media Transparency and Legal Notices pages.
Since 2021, I have devoted my free time to seriously training myself on cryptocurrencies in order to acquire as much knowledge and credibility as possible. I often have the opportunity to conduct interviews with influential figures in the blockchain industry. I also conduct in-depth analyses on Web3 themes to offer exclusive content to Cryptoast readers.
Vincent Maire
1287 articles
