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Home»ADOPTION NEWS»The Spot Bitcoin ETF has seen positive flows for the fifth straight day, recording $39 million in inflows.
ADOPTION NEWS

The Spot Bitcoin ETF has seen positive flows for the fifth straight day, recording $39 million in inflows.

By Crypto FlexsAugust 22, 20242 Mins Read
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The Spot Bitcoin ETF has seen positive flows for the fifth straight day, recording  million in inflows.
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U.S. spot Bitcoin exchange-traded funds posted positive flows for the fifth straight day, pulling in $39.42 million on Wednesday, while spot ether ETFs experienced net outflows for the fifth straight day.

According to SoSoValue, Grayscale’s mini Bitcoin trust reported net inflows of $14.2 million yesterday, while spot Bitcoin funds from Fidelity and Bitwise also saw inflows of around $10 million. data.

BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, saw inflows of $8.35 million. Franklin Templeton’s EZBC saw $3.55 million in inflows to the fund, while Invesco’s BTCO saw $2.46 million in inflows.

The only net outflow came from Grayscale’s Convertible GBTC fund, which saw $9.82 million flow out of the ETF. Six other funds, including Ark and 21Shares’ ARKB, reported no inflows on the day.

t’s daily total trading volumeA dozen bitcoin ETFs reached $1.42 billion in assets on Wednesday, up from $1.35 billion on Tuesday. The funds have seen a total of $17.56 billion in net inflows since launch.

Ether ETFs continue to see outflows.

Meanwhile, spot ether ETFs reported net outflows of $17.97 million on Wednesday. Grayscale’s ETHE was the only ether ETF to experience negative flows, with net outflows of $31.14 million.

Fidelity’s FETH saw the largest net inflow of the day at $7.93 million, followed by Grayscale. Ethereum Ethereum

+0.84%
Mini Trust has $4.24 million. Franklin Templeton’s Ether Fund also recorded net inflows of $1 million.

Trading volume across nine Ethereum ETFs reached $201 million on Wednesday, up from $194.66 million on Tuesday. Their total cumulative net outflow increased to $458.08 million.

Bitcoin Bitcoin

+2.00%
‘s price continues to fluctuate around the $60,000 level. It was up 2.33% over the last 24 hours to trade at $60,735. Ether was up 1.09% to trade at $2,621.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, influential and timely information on the cryptocurrency industry. Below are the current financial disclosures.

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

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