Key points:
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.
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
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positive performance, the Spot Ether ETF experienced its fifth consecutive day of net outflows, with $17.97 million withdrawn on Wednesday.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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