Ethereum

Movement

Bitcoin

Million

Spot

US spot Bitcoin exchange-traded funds (ETFs) recorded a significant net inflow of $50.64 million, while spot Ethereum ETFs returned to positive flows with a net inflow of $26.75 million.
<h2 id="us-spot-bitcoin-etfs-see-50-million-inflows-ethereum-etfs-return-to-positive-territory">US Spot Bitcoin ETFs See $50 Million Inflows, Ethereum ETFs Return to Positive Territory</h2>
Grayscale's Bitcoin Mini Trust, which only began trading on Wednesday, led the rush with net inflows of $191.13 million, according to SoSoValue data.
BlackRock's IBIT followed suit, bringing in $25.9 million. However, these gains were partially offset by net outflows from five other US funds.
Grayscale's flagship GBTC saw the largest outflow, with $71.33 million leaving the fund. Fidelity's FBTC experienced a net outflow of $48.4 million, while Ark Invest and 21Shares' ARKB fund recorded a net outflow of $22.42 million.
Bitwise and VanEck's funds also faced outflows, while five other funds, including Valkyrie's, reported no flow changes.
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The total trading volume of 12 Bitcoin ETFs on Thursday reached approximately $2.91 billion, a significant increase from the $1.37 billion recorded on Wednesday.
There has been a total net inflow of $17.74 billion into spot Bitcoin products since January. Despite the inflows, the two largest spot Bitcoin ETFs, BlackRock's IBIT and Grayscale's GBTC, saw a nearly 3% decline in trading prices on Thursday.
Meanwhile, US spot Ethereum ETFs also reversed, recording a net inflow of $26.75 million on Thursday, following a net outflow of $77 million the previous day.
BlackRock's ETHA led inflows with $89.65 million, followed by Fidelity's Ethereum fund with $11.7 million and Bitwise's ETHW with $3.35 million.
However, Grayscale's ETHE recorded net outflows of $77.95 million on Thursday, offsetting a significant portion of those inflows.
The total trading volume of Ethereum funds reached $331.11 million, down from the $1.11 billion traded in their first day on July 23.
Movement in both Bitcoin and Ethereum ETFs indicates a dynamic and evolving market with significant investor interest despite some fluctuations in individual fund flows.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/negative-outlook-on-us-spot-bitcoin-and-ethereum-exchange-traded-funds-etfs-turned-positive-here-are-the-details/" rel="noopener noreferrer nofollow">Negative Outlook on US Spot Bitcoin and Ethereum Exchange Traded Funds (ETFs) Turned Positive! Here are the Details</a>

Negative Outlook on US Spot Bitcoin and Ethereum Exchange Traded Funds (ETFs) Turned Positive! Here are the Details

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