Ethereum

Dollars

Bitcoin

Spot

Billion

On Wednesday, U.S. spot Bitcoin exchange-traded funds (ETFs) reported a net inflow of $299,000, while spot Ethereum ETFs experienced significant outflows totaling $77.21 million, according to SosoValue data.
<h2 id="u-s-spot-bitcoin-etfs-see-modest-inflows-while-ethereum-etfs-see-significant-outflows">U.S. Spot Bitcoin ETFs See Modest Inflows, While Ethereum ETFs See Significant Outflows</h2>
Among spot Bitcoin ETFs, only two reported net inflows. BlackRock's IBIT led the way with $20.99 million, followed by Grayscale Bitcoin Mini Trust, which recorded a net inflow of $18 million on its first day of trading.
In contrast, Fidelity's FBTC experienced significant outflows, leaving the fund with $31.57 million. While the ARKB fund managed by Ark and 21Shares saw a net outflow of $4.61 million, Bitwise's BITB recorded an outflow of $2.51 million. The remaining Bitcoin ETFs reported no net inflows or outflows.
Total trading volume of spot Bitcoin ETFs remained stable at $1.37 billion, the same as the previous day.
Related News: <a href="https://en.bitcoinsistemi.com/mt-gox-moved-over-2-billion-dollars-of-bitcoin-to-an-unknown-address-here-are-the-details/" target="_blank" rel="noopener noreferrer nofollow">Mt. Gox Moved Over 2 Billion Dollars of Bitcoin to an Unknown Address! Here are the Details</a>
The situation was quite different for spot Ethereum ETFs, with a collective net outflow of $77.21 million.
Grayscale Ethereum Trust (ETHE) continued its streak of daily outflows since its debut on July 23, with the fund outflowing $133.33 million on Wednesday, making it the only Ethereum ETF to experience an outflow that day.
On the positive side, Grayscale Ethereum Mini Trust led the group with net inflows of $19.54 million. Fidelity's FETH followed with an inflow of $18.8 million, while BlackRock's ETHA and VanEck's ETHV attracted $4.98 million and $4.81 million, respectively.
Bitwise's ETHW and 21Shares' CETH also saw net inflows of $4.71 million and $3.28 million, respectively. Other Ethereum ETFs did not report any net inflows or outflows.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/while-us-spot-bitcoin-etfs-see-modest-inflows-ethereum-etfs-are-experiencing-large-outflows-here-are-the-details/" rel="noopener noreferrer nofollow">While US Spot Bitcoin ETFs See Modest Inflows, Ethereum ETFs Are Experiencing Large Outflows! Here are the Details</a>

While US Spot Bitcoin ETFs See Modest Inflows, Ethereum ETFs Are Experiencing Large Outflows! Here are the Details

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