Ethereum

Bitcoin ETF

Bitcoin

Spot

Spot Bitcoin and Ethereum exchange-traded funds in the United States continue their streak with a second consecutive day of positive inflows this week. 
According to <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="">data </a>from SoSoValue, the 12 spot Bitcoin ETFs recorded a total inflow of $38.94 million on Aug. 13, representing a nearly 40% increase from the<a href="https://crypto.news/spot-bitcoin-etfs-see-27-87m-inflows-outpacing-ethereum-etfs-by-wide-margin/" target="_blank" rel="noreferrer noopener"> $27.87 million recorded</a> the previous day. 
BlackRock’s IBIT fund led with $34.6 million in inflows, bringing its total since launch to $20.36 billion. It was the only Bitcoin ETF to see inflows for two consecutive days. 
Other notable inflows included $22.6 million into Fidelity’s FBTC and $16.5 million into Bitwise’s BITB. These gains helped to counterbalance a $28.6 million outflow from Grayscale’s GBTC, which has seen total outflows of $19.49 billion since its inception. 
The remaining Bitcoin ETFs did not record any activity on that day. 
Trading volumes for Bitcoin ETFs were slightly lower at $1.18 billion, down from $1.3 billion on Aug. 12. The cumulative net inflows into spot Bitcoin ETFs stood at $17.4 billion. 
 You might also like: <a href="https://crypto.news/bitcoin-and-ethereum-etfs-see-first-joint-positive-inflows-since-ether-etf-launch/"> Bitcoin and Ethereum ETFs see first joint positive inflows since Ether ETF launch </a> 
In contrast, the nine spot Ethereum ETFs saw a significant uptick in investor interest, with net inflows reaching $24.3 million on Aug. 13, a notable increase from the modest $5 million recorded the previous day. 
According to <a href="https://sosovalue.com/assets/etf/us-eth-spot" target="_blank" rel="">data </a>from SoSoValue, BlackRock’s ETHA led the charge once again, with $49.1 million in inflows following a day of no flows. 
Fidelity’s FETH and Invesco Galaxy’s QETH also saw inflows of $5.4 million and $0.8 million, respectively. This was the first day of inflows for Invesco’s Ethereum ETF since its launch. 
<a href="https://crypto.news/ethereum-etfs-first-week-sees-net-outflows-triggered-by-grayscale-ethe/" target="_blank" rel="noreferrer noopener">Grayscale’s ETHE</a> fund saw an outflow of $31 million, bringing its total outflows to $2.32 billion since launch. 
Despite the inflows, the trading volume for Ethereum ETFs dropped significantly to $190.76 million. Overall, these funds have experienced cumulative net outflows of $376.67 million to date. 
At the time of writing, Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>) was exchanging hands at $60,786, while Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noreferrer noopener">ETH</a>) stood at $2,726. 
 Read more: <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>

Spot Bitcoin and Ethereum ETFs record second day of joint inflows streak

crypto.news

Other articles published on Aug 14, 2024

Bitcoin slips: A look at what’s causing today’s decline

Marathon Digital plans to raise $250 million via a debt offering to boost its Bitcoin holdings

US Appeals Court Reignites HEX Manipulation Case Against Binance

Ripple CTO’s Deposition Sparks Debate Over Satoshi’s Alleged XRP Fortune

Ethereum layer 2s push gas fees to single-digit four-year lows

Bitcoin Price Drops Below $59,000 Affecting Altcoins

Join our free newsletter for daily crypto updates!