Ethereum

Franklin

Spot

Reported by The Block: The 12 U.S. spot bitcoin ETFs returned to net inflows after three days of negative flows.
Ether ETFs saw net outflows led by Grayscale’s ETHE fund.
Spot bitcoin exchange-traded funds in the U.S. returned to positive flows on Wednesday, reporting $45.14 million in net inflows. &nbsp;This comes after around $554 million left the bitcoin ETFs in the past three trading days.
According to data from SoSoValue, BlackRock’s IBIT led inflows with $52.52 million yesterday. &nbsp;This was followed by $10.5 million from WisdomTree’s BTCW, which marked its largest amount of net inflows yet. &nbsp;Grayscale’s Bitcoin Mini Trust added $9.71 million, and Bitwise’s BITB recorded $3 million in net inflows.
Grayscale’s converted GBTC fund was the only bitcoin ETF that recorded net outflows on Wednesday, with outflows of $30.58 million. &nbsp;Seven other funds, including Fidelity’s FBTC and VanEck’s HODL, saw zero flows for the day.
On Wednesday, the total trading volume for spot bitcoin ETFs amounted to $1.79 billion, compared to $2.2 billion on Tuesday. &nbsp;The 12 funds have accumulated a total net inflow of $17.23 billion since launching in January.
Ether ETFs turn to negative flows Spot Ethereum ETFs, on the other hand, switched to net outflows, losing $23.68 million yesterday. Outflows were led by Grayscale’s ETHE, which saw $31.86 million in net outflows.
Meanwhile, Fidelity’s FETH saw $4.7 million in net inflows. Spot ether funds from Bitwise and Franklin Templeton also reported net inflows.
The ether ETFs' total daily trading volume reached $322.85 million yesterday, while the funds have amassed $387.35 million in net outflows since the July 23 listing.
Bitcoin price dropped 0.57% in the past 24 hours to $56,943.41, while ether dipped 3.67% to $2,431.81, according to The Block’s crypto price page.

US spot bitcoin ETFs attract $45 million, ether ETFs see $23 million in outflows

TokenInsight

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