Bitcoin ETF

Bitcoin

Verge (ETH)

US spot Bitcoin ETFs (exchange-traded funds) recorded $81.36 million net outflows yesterday to bring an end to a two-day positive flow streak as Bitwise says around 66% of institutional investors either increased or maintained their <a href="https://insidebitcoins.com/news/bitcoin-crosses-61k-as-traders-remain-cautious-ahead-of-cpi-release-and-goldman-sachs-discloses-over-400m-btc-etf-holdings" rel="noopener noreferrer nofollow">BTC</a> ETF positions in Q2.
BlackRock’s IBIT and Franklin’s EZBC were the only two funds to record net inflows on Aug. 14. IBIT saw its reserves grow by $2.68 million, while EZBC saw net inflows of $3.42 million, according to data from <a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="noopener noreferrer nofollow">SosoValue</a>.
<img decoding="async" src="https://cdn.decrypt.co/wp-content/uploads/2022/12/grayscale-bitcoin-trust-gID_7.jpg" alt="How Long Until Grayscale's ETF Runs Out of Bitcoin? - Decrypt">
<h2 id="span-style-font-weight-400-grayscale-s-bitcoin-etf-takes-another-hit-records-largest-outflows-span">Grayscale’s Bitcoin ETF Takes Another Hit, Records Largest Outflows</h2>
Grayscale’s GBTC took another knock and suffered $56.87 million inflows yesterday. Fidelity’s FBTC registered the second largest outflows for the day after $18.05 million left the fund. During the same trading session, Ark and 21Shares’ ARKB and Bitwise’s BITB also saw outflows of $6.77 million and $5.78 million, respectively. The remaining 6 funds recorded no flows.
Trading volume for spot Bitcoin ETFs reached $1.3 billion yesterday. This was a slight uptick compared to the $1.18 billion trading activity recorded the day before.
With regards to Bitcoin, the leading crypto had a volatile trading session. After managing to break above $61K and reach an intraday high of $61,687.76 yesterday, BTC saw its price plunge <a href="https://insidebitcoins.com/news/bitcoin-falls-3-in-an-hour-despite-cpi-data-meeting-expectations" rel="noopener noreferrer nofollow">3% in an hour</a> to below $57K. It has since <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">recovered</a> slightly to trade at $58,144.79 as of 2:45 a.m. EST.
<h2 id="span-style-font-weight-400-institutional-investors-increase-btc-etf-holdings-span">Institutional Investors Increase BTC ETF Holdings</h2>
Approximately 66% of institutional investors either held or increased their exposure to spot Bitcoin ETFs, according to Bitwise. “Institutional investors continued to adopt bitcoin ETFs in Q2. The trend is intact,” Bitwise’s chief investment officer Matt Hougan said in an Aug. 15 X post.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 A few initial thoughts after reviewing the Q2 Bitcoin 13-F filings:
 1) The Institutions Are Still Coming; Total Filings Are Up: I count 1,924 holder&lt;&gt;ETF pairs across all 10 ETFs, up from 1,479 in Q1. That's a 30% increase; not bad considering prices fell in Q2.
 Of course, this…
 — Matt Hougan (@Matt_Hougan) <a href="https://twitter.com/Matt_Hougan/status/1823862825577844953?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 14, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
He went on to add that large corporations have mostly “diamond hands.”&nbsp;
<h3 id="span-style-font-weight-400-related-articles-span">Related Articles:</h3>
<ul>
 <li style="font-weight: 400"><a href="https://insidebitcoins.com/news/pepe-unchained-raises-8-3m-in-ico-as-layer-2-chain-nears-launch" rel="noopener noreferrer nofollow">Pepe Unchained Raises $8.3M In ICO As Layer 2 Chain Nears Launch</a></li>
 <li style="font-weight: 400"><a href="https://www.linkedin.com/pulse/best-altcoins-invest-unveiling-top-picks-maximum-returns-calsona-9ceye/" rel="noopener noreferrer nofollow">Best Altcoins to Invest In: Unveiling Top Picks for Maximum Returns!</a></li>
 <li style="font-weight: 400"><a href="https://insidebitcoins.com/news/new-cryptocurrency-releases-listings-presales-today-starter-xyz-turbox-verge-eth" rel="noopener noreferrer nofollow">New Cryptocurrency Releases, Listings, &amp; Presales Today – Starter.xyz, TurboX, Verge (ETH)</a></li>
</ul>

$81 Million Spot Bitcoin ETF Outflow Ends Positive Streak As Bitwise Says Two-Thirds of Institutional Holders Increased Or Maintained Q2 Pos...

Table of Contents

Inside Bitcoins

Other articles published on Aug 15, 2024

How to Airdrop ERC20 tokens without Coding: Learn here

Senate's Schumer: U.S. Crypto Bill Possible This Year

Hamster Kombat Binance Listing: Token Launch Faces Delays Amid Buzz

Bitcoin Eyes $64,000 Target

Cardano Faces Resistance Struggles

Zcash Reaches New Annual High

Join our free newsletter for daily crypto updates!