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News

Spot Bitcoin ETFs See 5th Straight Day of $39M in Positive Flows

2 hours ago - Around 2 mins mins to read

Key points:

  • U.S. spot bitcoin ETFs saw its fifth day of net inflows, while ether funds saw their fifth daily net outflows.

Spot Bitcoin ETFs see $39 million in inflows on their fifth day of positive flows, while Ether ETFs experience net outflows of $17.97 million.

Spot Bitcoin ETFs See 5th Straight Day of $39M in Positive Flows

Spot Bitcoin ETFs Continue Positive Inflows

Bitcoin spot ETFs in the United States marked their fifth consecutive day of positive inflows, accumulating $39.42 million on Wednesday. Significant funds like Grayscale’s mini Bitcoin Trust, which saw $14.2 million in net inflows, according to SoSoValue data, and Bitcoin spot ETFs from Fidelity and Bitwise, which saw around $10 million each, contributed to the trend.

BlackRock’s IBIT, the most prominent Bitcoin spot ETF, added $8.35 million, while Franklin Templeton and Invesco reported $3.55 million and $2.46 million in inflows, respectively. On Wednesday, the combined daily trading volume of the 12 Bitcoin ETFs hit $1.42 billion. Since their launch, these funds have collectively accumulated $17.56 billion in net inflows.

Read More: State of Wisconsin Investment Board Buys Over $160 Million Spot Bitcoin ETFs

Ether ETFs Face Continued Outflows

In contrast to the Spot Bitcoin ETF’s positive performance, the Spot Ether ETF experienced its fifth consecutive day of net outflows, with $17.97 million withdrawn on Wednesday.

Grayscale’s ETHE fund saw significant outflows of $31.14 million, while Fidelity’s FETH fund recorded the largest inflow on the day at $7.93 million. Grayscale’s Ethereum Mini Trust followed with $4.24 million inflows, and Franklin Templeton’s Ether fund received $1 million.

Cumulative net outflows from ether ETFs have now risen to $458.08 million, with daily trading volume reaching $201 million.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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In the fast-paced world of day trading, I've honed my skills for over six years using technical analysis tools and crafting short-term strategies. My expertise isn't from textbooks but from the trenches of online trading communities. I excel at reading chart patterns, applying technical analysis, and mastering risk management. "The market is about probabilities," I declare. As Editor at Coincu, I empower readers with the insights and strategies to conquer the dynamic world of day trading.
News

Spot Bitcoin ETFs See 5th Straight Day of $39M in Positive Flows

Key points:

  • U.S. spot bitcoin ETFs saw its fifth day of net inflows, while ether funds saw their fifth daily net outflows.

Spot Bitcoin ETFs see $39 million in inflows on their fifth day of positive flows, while Ether ETFs experience net outflows of $17.97 million.

Spot Bitcoin ETFs See 5th Straight Day of $39M in Positive Flows

Spot Bitcoin ETFs Continue Positive Inflows

Bitcoin spot ETFs in the United States marked their fifth consecutive day of positive inflows, accumulating $39.42 million on Wednesday. Significant funds like Grayscale’s mini Bitcoin Trust, which saw $14.2 million in net inflows, according to SoSoValue data, and Bitcoin spot ETFs from Fidelity and Bitwise, which saw around $10 million each, contributed to the trend.

BlackRock’s IBIT, the most prominent Bitcoin spot ETF, added $8.35 million, while Franklin Templeton and Invesco reported $3.55 million and $2.46 million in inflows, respectively. On Wednesday, the combined daily trading volume of the 12 Bitcoin ETFs hit $1.42 billion. Since their launch, these funds have collectively accumulated $17.56 billion in net inflows.

Read More: State of Wisconsin Investment Board Buys Over $160 Million Spot Bitcoin ETFs

Ether ETFs Face Continued Outflows

In contrast to the Spot Bitcoin ETF’s positive performance, the Spot Ether ETF experienced its fifth consecutive day of net outflows, with $17.97 million withdrawn on Wednesday.

Grayscale’s ETHE fund saw significant outflows of $31.14 million, while Fidelity’s FETH fund recorded the largest inflow on the day at $7.93 million. Grayscale’s Ethereum Mini Trust followed with $4.24 million inflows, and Franklin Templeton’s Ether fund received $1 million.

Cumulative net outflows from ether ETFs have now risen to $458.08 million, with daily trading volume reaching $201 million.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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