Bitcoin

Spot

<ul>
 <li>Friday’s net influx of $252 million was the greatest net inflow since July 22.</li>
 <li>Without surprise, BlackRock’s IBIT continued to dominate the other funds.</li>
</ul>
With the continuation of a seven-day string of positive inflows on Friday, the aggregate value of the spot bitcoin exchange-traded funds in the US hit its highest point so far in August, at around $58.4 billion.
In addition, according to statistics from <a href="https://sosovalue.xyz/" target="_blank" rel="noopener noreferrer nofollow">SoSoValue</a>, Friday’s net influx of $252 million was the greatest net inflow since July 22, 32 days ago. And the highest net inflow since the streak started as well.
Without surprise, <a href="https://thenewscrypto.com/u-s-spot-bitcoin-etfs-witness-65m-inflows-led-by-blackrocks-ibit/" target="_blank" rel="noopener noreferrer nofollow">BlackRock’s</a> IBIT, the biggest spot bitcoin ETF by total asset value, continued to dominate the other fund. With the greatest net inflow of almost $87 million.
The second-highest inflow was $64 million into Fidelity’s FBTC. Despite being the only fund to record an outflow of $35 million, <a href="https://thenewscrypto.com/grayscale-unveils-avalanche-trust-driving-10-surge-in-avax-price/" target="_blank" rel="noopener noreferrer nofollow">Grayscale’s</a> GBTC, the second-largest ETF by asset value, saw $50 million inflow into its Bitcoin Mini Trust (BTC).
Investments of $42 million were received by Bitwise’s BITB, $24 million by Ark and 21Shares’ ARKB, and $14 million by VanEck’s HODL. Among the remaining funds, only BTCO (Invesco) and BRRR (Valkyrie) had inflows of $3 million and $2 million, respectively.
<h3 class="wp-block-heading" id="h-spot-ether-etfs-struggle">Spot Ether ETFs Struggle</h3>
At the same time as bitcoin ETFs have been gaining for seven days in a row, spot ether ETFs have been losing money. A further $5.7 million was removed from the funds on Friday, increasing the total amount removed since the streak started on August 15th to roughly $99 million.
Despite a negative total due to a $9.8 million outflow from Grayscale’s ETHE on Friday, ETHV (<a href="https://thenewscrypto.com/vaneck-sees-potential-for-solana-etfs-in-the-near-future/" target="_blank" rel="noopener noreferrer nofollow">VanEck</a>) and ETHW (Bitwise) both had $2.0 million and $1.4 million in inflows, respectively. The other funds did not see a substantial shift in assets, whereas Fidelity’s FETH logged almost $700,000.&nbsp;
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U.S Spot Bitcoin ETFs Reach August Peak with $252M Inflow

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