Ethereum

Franklin

United

Bitcoin

Spot

Spot Bitcoin exchange-traded funds in the United States began the week with net inflows that were more than five times greater than those of spot Ethereum ETFs. 
According to <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="">data </a>from SoSoValue, the 12 spot Bitcoin ETFs saw inflows of $27.87 million on Aug. 12, a flip from the $45.14 million outflows recorded on Aug. 9. 
Interestingly, ARK 21Shares’s ARKB led the lot with $35.4 million, bringing its total inflows since launch to $2.45 billion. <a href="https://crypto.news/tag/Blackrock/" target="_blank" rel="noreferrer noopener">BlackRock</a>’s IBIT followed with $13.4 inflows, being the only one to record a second consecutive day of inflows. 
Grayscale’s Bitcoin mini trust fund raked in the least inflows, with $7.9 million flowing in. 
These inflows managed to offset the $11.8 million leaving <a href="https://crypto.news/tag/grayscale/">Gray</a><a href="https://crypto.news/tag/grayscale/" target="_blank" rel="noreferrer noopener">s</a><a href="https://crypto.news/tag/grayscale/">cale’s </a>GBTC, which has shed over $19.46 billion since launch. The remaining ETFs saw no flows on the day. 
Trading volume for these offerings jumped to $1.3 billion, lower than the $1.27 billion seen on Aug. 12. Cumulative net inflows into spot BTC ETFs stood at $17.37 billion. 
 You might also like: <a href="https://crypto.news/spot-bitcoin-etf-inflows-surge-four-fold-ether-etf-outflows-slow-down/"> Spot Bitcoin ETF inflows surge four-fold, Ether ETF outflows slow down </a> 
In contrast, the nine spot Ethereum ETFs saw smaller net inflows totalling <a href="https://sosovalue.com/assets/etf/us-eth-spot" target="_blank" rel="">$4.93 million</a> on the same day, marking an end to three days of net outflows. 
Fidelity’s FETH led the charge with $4 million in inflows, followed by Bitwise’s ETHW and Franklin Templeton’s EZET with $2.9 million and $1 million respectively 
Meanwhile, VanEck’s ETHV recorded its first day of outflows since launch, with $2.9 flowing out. Flows into the other offerings remained neutral. 
However, the nine Ether ETFs saw a big jump in trading volume to $285.96 million. To date, these funds have seen cumulative net outflows of $401.01 million. 
At the time of writing, Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>) was exchanging hands at $59,105, while Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noreferrer noopener">ETH</a>) stood at $2,641. 
 Read more: <a href="https://crypto.news/analyst-morgan-stanleys-bitcoin-etfs-are-last-taboo-to-adoption/"> Analyst: Morgan Stanley’s Bitcoin ETFs are ‘last taboo’ to adoption </a>

Spot Bitcoin ETFs see $27.87m inflows, outpacing Ethereum ETFs by wide margin

crypto.news

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