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Spot Bitcoin ETFs have seen their second consecutive inflow day this week, while spot Ether ETFs logged a drop in outflows in its 4-day negative flow streak. 
According to <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="">data</a> from SoSoValue, the 12 spot Bitcoin exchange-traded funds recorded $88.06 million in inflows on Aug. 21, representing a 42% increase compared to the net inflows <a href="https://crypto.news/spot-bitcoin-etfs-log-62m-in-inflows-ether-etfs-continue-3-day-outflow-streak/" target="_blank" rel="noreferrer noopener">seen</a> on Aug. 20. 
BlackRock’s IBIT recorded the highest inflows with $55.4 million, bringing its total inflow since launch to $20.53 billion. It was the only fund to record a second consecutive day of inflows. ARK 21Shares’s ARKB followed with inflows of $51.9 million following a day of no activity. 
These inflows were offset by Grayscale’s GBTC and Biwise’s BITB, which logged outflows of $12.8 million and $6.5 million, respectively. Interestingly, the previous day was marked as the first day when GBTC saw no flows. The remaining eight BTC ETFs remained neutral. 
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 Spot Bitcoin ETFs inflows/outflows as of Aug. 20 | Source: <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="">SoSoValue</a> 
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Trading volume for BTC ETFs jumped to $1.35 billion on Aug. 21, 73% higher than the $779 million seen the previous day. These funds have recorded a cumulative net inflow of $17.52 billion since inception. At the time of writing, Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>) was down 1.7%, trading at $59,842, per data from crypto.news. 
Institutional ownership of U.S. spot Bitcoin ETFs <a href="https://crypto.news/analyst-institutional-ownership-of-bitcoin-etfs-reached-24-last-quarter/" target="_blank" rel="noreferrer noopener">rose</a> to 24% by the end of Q2 2024, despite a challenging market and declining Bitcoin prices. Big investors like <a href="https://crypto.news/tag/goldman-sachs/" target="_blank" rel="noreferrer noopener">Goldman Sachs</a> and Morgan Stanley are holding $412 million and $188 million respectively in ETF shares, though some of these assets are likely held on behalf of clients. 
 You might also like: <a href="https://crypto.news/spot-bitcoin-etf-inflows-223-crypto-market-corrects/"> Spot Bitcoin ETF inflows jump 223% as crypto market corrects </a> 
<h2 class="wp-block-heading" id="ongoing-outflows-persist-in-ether-etfs">Ongoing outflows persist in Ether ETFs</h2> 
In contrast, the nine-spot Ethereum ETFs collectively saw outflows of <a href="https://sosovalue.com/assets/etf/us-eth-spot" target="_blank" rel="">$6.49 million </a>on Aug. 21, marking the fourth consecutive day of outflows. 
Grayscale’s ETHE led the outflows once again, with $37 million leaving the fund, bringing its total outflows to $1.47 billion since its launch on July 23. Meanwhile, BlackRock’s ETHA and Biwise’s ETHW were the only offerings to record inflows of $26.8 million and $3.7 million. The remaining six ETH ETFs saw no flows on the day. 
These investment vehicles have seen their daily trading volume rise to $194.6 million, a significant jump over the previous day. The spot Ether ETFs have experienced a cumulative net outflow of $440.11 million to date. At the time of publication, Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noreferrer noopener">ETH</a>) was also down by 2.6%, trading at $2,600. 
 Read more: <a href="https://crypto.news/nyse-american-axes-bid-for-spot-bitcoin-etf-options/"> NYSE American axes bid for spot Bitcoin ETF options </a>

Spot Bitcoin ETFs net $88m in inflows, spot Ether ETFs outflows see slowdown

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