Key Points:
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
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 $201 million on Wednesday.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Discover why Qubetics, Cosmos, and Chainlink are the best cryptos to buy in November 2024.…
Best Cryptos to Buy in December 2024: Qubetics ($TICS) presale explodes, Ethereum (ETH) eyes a…
Palo Alto, California, 21st November 2024, Chainwire
Best Cryptos to Buy: Qubetics presale rockets ahead, Bitcoin nears $100k, and Avalanche prepares to…
London, United Kingdom, 21st November 2024, Chainwire
The move will see developers utilize USDC on Aptos in creating dApps on a wide…
This website uses cookies.