Bitcoin ETF

Wednesday

Bitcoin

US-based Bitcoin ETFs recorded significant outflows on Wednesday, amounting to $81.36 million. The outflow ended a two-day streak of positive inflows for the funds. On the other hand, Ethereum spot ETFs recorded positive inflows worth $10.77 million on Wednesday. 
American Bitcoin spot exchange-traded funds (ETFs) drew attention on Wednesday following outflow transactions worth more than $80 million.&nbsp; 
The outflows witnessed on Wednesday ended the two-day streak of positive inflows that began earlier this week. August 12th and 13th saw US BTC ETFs record inflows worth $27.87 million and $38.94 million, respectively. 
<h3 id="span-style-font-weight-400-blackrock-s-ibit-records-inflows-as-other-bitcoin-etfs-register-outflows-span">BlackRock’s IBIT records inflows as other Bitcoin ETFs register outflows</h3> 
<figure id="attachment_568927" aria-describedby="caption-attachment-568927" style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" decoding="async" class="wp-image-568927 size-full" src="https://www.cryptopolitan.com/wp-content/uploads/2024/08/Bitcoin-spot-ETFs.jpg" alt="" width="1280" height="495" srcset="https://www.cryptopolitan.com/wp-content/uploads/2024/08/Bitcoin-spot-ETFs.jpg 1280w, https://www.cryptopolitan.com/wp-content/uploads/2024/08/Bitcoin-spot-ETFs-300x116.jpg 300w, https://www.cryptopolitan.com/wp-content/uploads/2024/08/Bitcoin-spot-ETFs-1200x464.jpg 1200w, https://www.cryptopolitan.com/wp-content/uploads/2024/08/Bitcoin-spot-ETFs-768x297.jpg 768w" sizes="(max-width: 1280px) 100vw, 1280px">
 <figcaption id="caption-attachment-568927" class="wp-caption-text">
 Bitcoin spot ETFs’ Performance on Wednesday. Source: <a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="nofollow noopener" target="_blank">Sosovalue</a>
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</figure> 
Data from <a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="nofollow noopener" target="_blank">Sosovalue,</a> a crypto-oriented data provider, indicates that BlackRock’s iShares Bitcoin Trust ETF registered net inflows worth $2.68 million as of August 14th.&nbsp; 
Franklin Bitcoin ETF also registered positive flows on Wednesday worth $3.42 million. However, most Bitcoin ETFs registered outflows. Grayscale Bitcoin ETF recorded the largest outflows, worth $56.87 million.&nbsp; 
Fidelity trailed behind Grayscale with negative flows worth $18.05 million. Ark &amp; 21 Shares’ ARKB registered $6.77 million in outflows, trailing behind Fidelity’s FBTC. Bitwise’s BITB recorded the lowest outflow figures compared to other ETFs, with $5.78 million in net outflows. 
VanEck, Valkyrie, and Invesco are among six other ETFs that registered zero flows on Wednesday. Cumulatively, ETFs traded a total volume of $1.3 billion, which is slightly higher than Tuesday’s total traded volume of $1.18 billion. 
<h3 id="span-style-font-weight-400-ethereum-etfs-record-inflows-for-the-third-day-in-a-row-span">Ethereum ETFs record inflows for the third day in a row</h3> 
Sosovalue also <a href="https://sosovalue.com/assets/etf/us-eth-spot" rel="nofollow noopener" target="_blank">tracked</a> positive performance on Ethereum ETFs. Ethereum ETFs recorded a third day of positive flows on Wednesday, worth $10.77 million. August 12th and 13th saw Ethereum ETFs register inflows worth $4.93 million and $24.34 million, respectively.&nbsp; 
BlackRock’s ETHA ETF registered the highest inflows among the nine Ethereum ETFs. ETHA recorded $16.13 million in net inflows. Fidelity’s ETF FETH trailed behind BlackRock’s ETHA with inflows amounting to $6.65 million. Bitwise’s ETHW and Grayscale’s ETH ETFs registered inflows worth $2.67 million and $2.26 million, respectively. 
Franklin’s EZET, VanEck’s ETHV, 21Shares’ CETH, and Invesco’s QETH did not register any flows on Wednesday. However, Grayscale’s ETHE registered outflows worth $16.95 million. The total trading volume for all Ethereum spot ETFs settled at $155.91 million, a significant drop from the previous day’s $190.76 million and Monday’s $285.96 million. 
As of this publication, the total net assets under the approved Ethereum ETFs are $7.54 billion, representing 2.34% of Ethereum’s total market cap. On the other hand, Bitcoin ETFs have total net assets worth $53.60 billion, which accounts for 4.59% of Bitcoin’s market cap.

US spot Bitcoin ETFs record net outflows worth $81 million, ending a two-day streak

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