Bitcoin ETF

Bitcoin

Drops

Spot

Daily

U.S. spot Bitcoin exchange-traded funds (ETFs) continued their positive streak, recording a net inflow of $105.84 million on Wednesday. This marks the fifth consecutive day of positive inflows, signaling strong investor interest in these products. 
<h2 id="blackrock-s-ibit-leads-with-largest-daily-inflow">BlackRock’s IBIT Leads with Largest Daily Inflow</h2> 
According to data from SoSoValue, <a href="https://thebitjournal.com/wisconsin-investment-board-invests-in-bitcoin/" target="_blank" rel="noopener">BlackRock’s</a> IBIT, the largest Bitcoin ETF by net assets, reported the highest daily net inflow of $184.38 million. Following behind was Bitwise’s BITB, which posted a net inflow of $2.07 million, making it the only other fund to record a positive flow. 
However, not all funds shared in the gains. ARK Invest and 21Shares’ ARKB ETF experienced a net outflow of $47.41 million, while Fidelity’s FBTC saw withdrawals totaling $33.19 million. Additionally, eight other funds, including Grayscale’s GBTC, reported no inflows or outflows throughout the day. 
<img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-46743" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/09/article-about-U.S.-spot-Bitcoin-ETFs-recording-positive-inflows.-The-design-should-include-abstract-symbols-of-Bi.webp" alt="U.S. Spot Bitcoin ETFs Record Positive Inflows for the Fifth Consecutive Day! = The Bit Journal" width="1792" height="1024" title="U.S. Spot Bitcoin ETFs Record Positive Inflows for the Fifth Consecutive Day! 10"> 
<h2 id="total-trading-volume-drops-from-tuesday">Total Trading Volume Drops from Tuesday</h2> 
The 12 spot Bitcoin ETFs combined for a total trading volume of $795.88 million on Wednesday, down from the $1.11 billion recorded on Tuesday. Since their launch in January, these ETFs have accumulated a total of $17.94 billion in net inflows. 
<h2 id="spot-ethereum-etfs-also-record-positive-inflows">Spot Ethereum ETFs Also Record Positive Inflows</h2> 
On the same day, spot Ethereum ETFs saw a net inflow of $43.23 million. Grayscale’s Ethereum Mini Trust led the way with a net inflow of $26.63 million, followed by BlackRock’s ETHA with $9.38 million and Fidelity’s FETH at $6.45 million. Notably, 21Shares’ CETH recorded its first net inflow of $774,100 since July 31. 
Despite these positive inflows, Ethereum ETFs have experienced a total net outflow of $580.94 million since July. 
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U.S. Spot Bitcoin ETFs Record Positive Inflows for the Fifth Consecutive Day!

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The Bit Journal

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