Ramazan Eles 
Recently approved Bitcoin and Ethereum Spot ETFs have witnessed an unprecedented development.
According to the latest data from Arkham, BlackRock’s Bitcoin and Ethereum ETFs (IBIT and ETHA) have surpassed Grayscale’s cryptocurrency ETF group (GBTC, BTC Mini, ETHE, and ETH Mini) in on-chain assets for the first time.
Currently, BlackRock’s ETFs hold the largest collective assets among all ETF issuers, with combined Ethereum and Bitcoin assets reaching an impressive value of $21.2 billion.
This news comes amidst significant activity in the Bitcoin and Ethereum spot ETF markets. On August 16th, Bitcoin spot ETFs saw a total net inflow of $36 million, with Fidelity’s FBTC leading the way with $61.3 million, followed by BlackRock’s IBIT with $20.4 million. This was balanced by a significant outflow of $72.9 million from Grayscale’s GBTC.
On the other hand, Ethereum spot ETFs experienced a net outflow of $15 million on the same day. Grayscale’s ETHE recorded the largest outflow of $27.7 million, while BlackRock’s ETHA and Fidelity’s FETH saw inflows of $10.3 million and $7.2 million, respectively. The total net asset value of Ethereum spot ETFs now stands at $7.35 billion.
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