Spot

Reported by The Block: BlackRock’s bitcoin ETF led net inflows with $55.43 million on Tuesday.
Spot ether ETFs saw their fourth consecutive day of net outflows, totaling $6.49 million.
U.S. spot bitcoin exchange-traded funds saw $88.06 million in net inflows on Tuesday, marking their fourth consecutive day of positive flows.
BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, led inflows with $55.43 million going into the fund yesterday, according to data from SoSoValue. This was followed by $51.91 million into Ark Invest and 21Shares’ ARKB fund.
The largest volume of net outflows came from Grayscale’s GBTC, which recorded $12.81 million in negative flows. Bitwise’s BITB also reported $6.47 million in daily net outflows, while eight other spot bitcoin ETFs, including those from Fidelity and VanEck, saw zero flows.
The total daily trading volume for the 12 ETFs reached $1.35 billion on Tuesday, recovering from $779 million on Monday. Nonetheless, the trade volume of spot bitcoin funds remains significantly lower than the range seen in March, which was around $5 to $8 billion. The 12 funds have amassed $17.52 billion in total net inflows since their launch.
pot ether ETFs continue to experience outflows Nine spot ether ETFs in the U.S., on the other hand, saw smaller fund movements on Tuesday, reporting net outflows of $6.49 million. This marked their fourth consecutive day of total net outflows.
Grayscale’s ETHE saw negative flows of $36.99 million, which were countered by $26.77 million in net inflows into BlackRock’s ETHA and $3.73 million into Bitwise’s ETHW. Six other ether ETFs reported zero flows yesterday.
Spot ether funds recorded a total of $194.66 million in daily trading volume, staying in the lower levels compared to the daily trading volume of around $900 million to $1 billion during the first week of their launch in July. The ether ETFs have accumulated a total net outflow of $440.11 million.
Meanwhile, the price of bitcoin slid below the $60,000 level, falling 2.54% in the past 24 hours to $59,370.58, according to The Block’s crypto price page. Ether’s value also dipped 3.08% to $2,592.95, with the entire crypto market down 2.12% over the past day.

US spot bitcoin ETFs extend positive flow streak with $88 million inflows

TokenInsight

Other articles published on Aug 21, 2024

Coinbase Announces New Listing Amid Major Expansion Move

Analysts Exit TON, TRX; This Is the Time To Buy DIGI

Terraform Labs Faces Crucial Bankruptcy Hearing

Bitcoin Slowly Gains Inflow; Solana Records Largest Outflow

SuperTokyo’s Debut Marks a High-Point for Solana’s Evolving Blockchain Ecosystem

Malaysia Crushes Bitcoin Mining Machines to Combat Power Theft

Join our free newsletter for daily crypto updates!