News

Spot Bitcoin ETFs Gain $65M in Net Inflows, Extending Streak

August 23, 2024 - Around 2 mins mins to read

Key Points:

  • U.S. spot bitcoin ETFs recorded $64.91 million in net inflows on Thursday, while spot Ethereum ETFs saw $874,610 exit the funds.
  • BlackRock’s IBIT experienced net inflows, while Grayscale’s GBTC continued its outflows.
Spot Bitcoin ETFs reported $64.91M in net inflows Thursday, extending positive flows to six days, with BlackRock’s IBIT leading at $75.49M in inflows.
Spot Bitcoin ETFs Gain $65M in Net Inflows, Extending Streak

Spot Bitcoin ETFs Continue Positive Streak

US spot Bitcoin ETFs extended their streak of positive inflows to six consecutive days on Thursday, with $64.91 million in net inflows. BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, led inflows of $75.49 million, according to data from SoSoValue. Fidelity’s FBTC saw inflows of $9.23 million, followed by Ark and 21Shares’ ARKB with $7.83 million.

Other notable inflows included WisdomTree’s BTCW at $4.8 million, Grayscale at $4 million, and VanEck’s HODL at $3.41 million. However, Grayscale’s GBTC saw significant outflows of $28.36 million, and Bitwise’s BITB recorded $11.5 million in net outflows. Despite the continued inflows, the total daily trading volume of the 12 spot Bitcoin ETFs fell to $889.67 million, down from Wednesday’s $1.42 billion.

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

Ether ETFs See Mixed Flows Amid Modest Outflows

While Bitcoin ETFs maintained positive momentum, spot Ether ETFs saw modest outflows on Thursday, reporting $874,610 in net outflows. Grayscale Ethereum Trust (ETHE) continued its negative outflow streak, recording $19.84 million in outflows.

Fidelity’s FETH, on the other hand, led inflows into Ether ETFs with $14.33 million. Grayscale Ethereum Mini Trust followed with $3.68 million, while VanEck’s ETHV recorded $954,100 in inflows. The remaining five spot Ether ETFs reported no inflows or outflows. Daily trading volume for Ether ETFs dropped significantly to $93.87 million, down from $201 million on Wednesday.

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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News

Spot Bitcoin ETFs Gain $65M in Net Inflows, Extending Streak

Key Points:

  • U.S. spot bitcoin ETFs recorded $64.91 million in net inflows on Thursday, while spot Ethereum ETFs saw $874,610 exit the funds.
  • BlackRock’s IBIT experienced net inflows, while Grayscale’s GBTC continued its outflows.
Spot Bitcoin ETFs reported $64.91M in net inflows Thursday, extending positive flows to six days, with BlackRock’s IBIT leading at $75.49M in inflows.
Spot Bitcoin ETFs Gain $65M in Net Inflows, Extending Streak

Spot Bitcoin ETFs Continue Positive Streak

US spot Bitcoin ETFs extended their streak of positive inflows to six consecutive days on Thursday, with $64.91 million in net inflows. BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, led inflows of $75.49 million, according to data from SoSoValue. Fidelity’s FBTC saw inflows of $9.23 million, followed by Ark and 21Shares’ ARKB with $7.83 million.

Other notable inflows included WisdomTree’s BTCW at $4.8 million, Grayscale at $4 million, and VanEck’s HODL at $3.41 million. However, Grayscale’s GBTC saw significant outflows of $28.36 million, and Bitwise’s BITB recorded $11.5 million in net outflows. Despite the continued inflows, the total daily trading volume of the 12 spot Bitcoin ETFs fell to $889.67 million, down from Wednesday’s $1.42 billion.

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

Ether ETFs See Mixed Flows Amid Modest Outflows

While Bitcoin ETFs maintained positive momentum, spot Ether ETFs saw modest outflows on Thursday, reporting $874,610 in net outflows. Grayscale Ethereum Trust (ETHE) continued its negative outflow streak, recording $19.84 million in outflows.

Fidelity’s FETH, on the other hand, led inflows into Ether ETFs with $14.33 million. Grayscale Ethereum Mini Trust followed with $3.68 million, while VanEck’s ETHV recorded $954,100 in inflows. The remaining five spot Ether ETFs reported no inflows or outflows. Daily trading volume for Ether ETFs dropped significantly to $93.87 million, down from $201 million on Wednesday.

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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