Ethereum

Spot

Reported by The Block: U.S. spot ether ETFs recorded $24.3 million in net inflows, while spot bitcoin ETFs saw $38.9 million flow into the funds.
Grayscale’s ETHE shifted back to negative flows after having no flows the day before.
U.S. spot Ethereum exchange-traded funds saw $24.34 million in net inflows on Tuesday, continuing their positive flows from Monday. At the same time, the Grayscale Ethereum Trust (ETHE) experienced a return to negative flows after reporting zero flows the previous day.
Grayscale’s ETHE was the only spot ether fund to report net outflows on Tuesday, with $31 million leaving the ETF, according to data from SosoValue.
Inflows from three other ETFs offset that. BlackRock’s ETHA recorded the largest inflows among the funds yesterday, with $49.12 million in net inflows, following no flows the previous day. Fidelity’s FETH logged $5.41 million in net inflows, and Inveco’s QETH posted $813,690 in inflows.
The total daily trading volume of the nine spot ether ETFs reached around $191 million on Tuesday, compared to $285.9 million on Monday.
Spot bitcoin ETFs continued positive flows Meanwhile, according to SosoValue data, the 12 spot bitcoin ETFs in the U.S. logged net inflows of $38.94 million on Tuesday.
That was primarily contributed by BlackRock’s IBIT, the largest spot bitcoin ETF by net assets. It recorded $34.55 million in net inflows yesterday.
Fidelity’s FBTC followed with net inflows of $22.56 million, and Bitwise’s BITB logged $16.54 million in inflows.
Grayscale’s GBTC continued to experience outflows, with $28.65 million exiting the product, extending the ETF’s outflow streak to nine consecutive days. Ark and 21Shares’ ARKB recorded net outflows of $6 million yesterday.
On Tuesday, the total daily volume of the 12 ETFs amounted to $1.18 billion, slightly less than the $1.3 billion traded on Monday.
The price of bitcoin climbed 3.27% over the past 24 hours to $61,109 at the time of writing, according to The Block’s price page. Ether gained 2.1% to change hands at $2,713.

Spot Ethereum ETFs record $24 million in net inflows, Grayscale’s ETHE shifts back to negative flows

TokenInsight

Other articles published on Aug 14, 2024

Biden Addresses Inflation and Its Impact on Markets

Brazil poised to launch world’s first spot Solana ETF ahead of global markets

Avatar.One Helps Over 120K Active Users Battle the Loneliness Epidemic with 3D AI Companions

Hong Kong launches generative AI Sandbox for finance sector

MemeFi Is Here With Crypto All-Stars – $STARS Presale Launches, Stake Any Meme Coin to Earn Yield

ASIC Sues ASX Over Misleading Blockchain Project Statements

Join our free newsletter for daily crypto updates!