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US Spot Bitcoin Exchange Traded Funds (ETFs) Positive Streak Extends to Five Days!

US Spot Bitcoin Exchange Traded Funds (ETFs) Positive Streak Extends to Five Days!

BitcoinsistemiBitcoinsistemi2024/08/22 12:12
By:Utku Yanık

US spot Bitcoin ETFs attracted net investment of $39.42 million on Wednesday, marking the fifth consecutive day of positive inflows.

U.S. spot Bitcoin exchange-traded funds (ETFs) attracted $39.42 million in net investment on Wednesday, posting a fifth straight day of positive inflows. In contrast, spot Ethereum ETFs continued their streak of net outflows for a fifth straight day.

Grayscale’s mini Bitcoin trust led the day with $14.2 million in inflows, followed closely by Fidelity and Bitwise’s spot Bitcoin funds, which both saw around $10 million in new investments, according to SoSoValue data.

BlackRock’s IBIT, the largest spot Bitcoin ETF by assets, added $8.35 million, while Franklin Templeton’s EZBC fund saw inflows of $3.55 million.

Invesco’s BTCO also contributed $2.46 million in positive flows. The only Bitcoin ETF to report an outflow was Grayscale’s converted GBTC fund, which lost $9.82 million. Six other funds, including Ark and 21Shares’ ARKB, reported no net changes.

The total trading volume of 12 spot Bitcoin ETFs reached $1.42 billion on Wednesday, up from $1.35 billion the day before. Since their launch, these funds have collected $17.56 billion in total net inflows.

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Meanwhile, spot Ethereum ETFs reported net outflows of $17.97 million on Wednesday, largely driven by Grayscale’s $31.14 million ETHE fund leaving the fund.

On the positive side, Fidelity’s FETH recorded the largest net inflow at $7.93 million, followed by Grayscale Ethereum Mini Trust at $4.24 million. Franklin Templeton’s Ethereum fund also saw an inflow of $1 million.

Trading volume across nine Ethereum ETFs reached $201 million on Wednesday, up slightly from $194.66 million the day before. Overall, Ethereum ETFs have seen net outflows of $458.08 million since their launch.

*This is not investment advice.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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