Spot Bitcoin ETFs See 8th Day of Inflows Led by BlackRock’s $224M

Key points:

• Spot Bitcoin ETFs reported $202 million in net inflows on Monday, marking their eighth consecutive day of positive flows.
• Ether ETFs recorded another day of total net outflows.

Spot Bitcoin ETFs recorded $202.51M in net inflows Monday, extending their 8-day positive streak, while spot ether funds reported their 8th consecutive day of outflows.

Spot Bitcoin ETFs Extend Positive Streak

On Monday, U.S. spot Bitcoin ETFs reported $202.51 million in net inflows, marking the eighth consecutive day of positive inflows. Over the past eight trading days, these 12 Bitcoin funds have accumulated $756 million in inflows. BlackRock’s IBIT fund led the way with $224.06 million, the largest daily inflow since July, according to data from SoSoValue.

Other smaller inflows came from Franklin Templeton’s EZBC with $5.52 million and WisdomTree’s BTCW with $5 million. Meanwhile, several funds, including Bitwise’s BITB and Fidelity’s FBTC, saw outflows of $16.61 million and $8.33 million, respectively. The total trading volume of these spot Bitcoin ETFs fell to $1.2 billion on Monday from $3.12 billion last Friday.

Read more: Bitcoin ETF Inflows Get a Boost as BTC Price Surpasses $64,000

Ether Funds See Continued Outflows

In contrast to the performance of spot Bitcoin ETFs, U.S. spot ether funds reported their eighth consecutive day of outflows, with a total of $13.23 million in net outflows on Monday. Grayscale’s ETHE led the losses with $9.52 million in outflows, followed by Fidelity’s FETH, which recorded $2.69 million in outflows, and Franklin Templeton with $1.02 million.

No ether ETFs reported positive inflows on Monday, and the trading volume for ether funds fell to $125.73 million. Since inception, ether funds have accumulated $477.88 million in net outflows, according to TheBlock.