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US Spot Bitcoin Exchange Traded Funds (ETFs) Continue Positive Streak with Fifth Consecutive Day of Net Inflows!

US Spot Bitcoin Exchange Traded Funds (ETFs) Continue Positive Streak with Fifth Consecutive Day of Net Inflows!

BitcoinsistemiBitcoinsistemi2024/09/26 09:27
By:Utku Yanık

US spot Bitcoin exchange-traded funds (ETFs) continued their positive streak by recording net inflows for the fifth consecutive day on Wednesday.

US spot Bitcoin exchange-traded funds (ETFs) continued their streak of inflows, recording a fifth consecutive day of net inflows on Wednesday, totaling $105.84 million.

BlackRock’s IBIT, the largest Bitcoin ETF by net assets, reported the highest daily net inflow of $184.38 million, according to SoSoValue data. Bitwise’s BITB was the only other fund to record positive flows, with net inflows of $2.07 million.

However, several funds saw outflows. Ark Invest and 21Shares’ ARKB saw net outflows of $47.41 million, while Fidelity’s FBTC saw $33.19 million withdrawn. Eight other funds, including Grayscale’s GBTC, saw no net inflows or outflows during the day.

The 12 spot bitcoin funds had a total trading volume of $795.88 million on Wednesday, down from $1.11 billion on Tuesday. The ETFs have seen a combined net inflow of $17.94 billion since their launches in January.

Spot Ethereum ETFs also saw net inflows of $43.23 million on Wednesday. Grayscale Ethereum Mini Trust led the day with $26.63 million in inflows, followed by BlackRock’s ETHA with $9.38 million and Fidelity’s FETH with $6.45 million.

21Shares’ CETH recorded an inflow of $774,100, marking its first net inflow since July 31.

On the same day, nine Ethereum ETFs recorded a total trading volume of $124.18 million. However, despite the positive flows on Wednesday, Ethereum ETFs have seen a total net outflow of $580.94 million since their debut in July.

*This is not investment advice.

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