Ethereum

Bitcoin ETF

Bitcoin

Million

<ul>
 <li>U.S. spot Ethereum ETFs saw $98.29 million in outflows on Monday, marking their fourth consecutive day of negative flows.</li>
 <li>BlackRock’s IBIT led Bitcoin ETF inflows with $205.62 million, contributing to a total daily trading volume increase to $2.68 billion.</li>
 <li>BlackRock’s ETHA led Ethereum ETF inflows with $58.17 million, while Grayscale’s ETHE recorded the highest outflows at $210.04 million.</li>
</ul>
The nine U.S. spot Ethereum exchange-traded funds (ETFs) faced significant outflows on Monday. They saw a collective $98.29 million flow out, marking the fourth consecutive day of negative flows. Grayscale Ethereum Trust (ETHE) recorded the highest outflows among these funds, with <a href="https://sosovalue.com/assets/etf/us-eth-spot" target="_blank" rel="noopener noreferrer nofollow">$210.04 million</a> in net outflows, continuing its trend of continuous outflows since its debut last Tuesday.
Mixed Performance for Bitcoin ETFs
Conversely, the spot Bitcoin ETFs showed mixed results. The total daily <a href="https://cryptonewsland.com/ethereum-etfs-surpass-1-billion-in-trading/" target="_blank" rel="noopener noreferrer nofollow">trading volume</a> for these Bitcoin ETFs increased to $2.68 billion on Monday. This was a notable rise from $2.04 billion on Friday and $1.51 billion on Thursday. BlackRock’s IBIT led the inflows with $205.62 million, making it the only Bitcoin fund to record net inflows on the day.
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 The US <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> spot ETF had a net inflow of $123.1 million yesterday. Among them: · BlackRock IBIT: net inflow of $204.6 million · Grayscale GBTC: net outflow of $54.3 million The US <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> spot ETF had a net outflow of US$98.3 million yesterday. Among them: · BlackRock…— Gary | BingX (@Gary_BingX) <a href="https://twitter.com/Gary_BingX/status/1818155001790763349?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 30, 2024</a>
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Grayscale GBTC, however, logged $54.29 million in net outflows. Bitwise’s BITB saw $21.3 million flow out, and Fidelity’s FBTC recorded $5.89 million in net outflows. Despite these outflows, the overall market activity for Bitcoin ETFs remained robust.
Ethereum ETFs See Selective Inflows
Among the Ethereum ETFs, BlackRock’s ETHA led the inflows with $58.17 million. It was followed by Fidelity’s FETH with $24.82 million and VanEck’s ETHV with $10.91 million. Bitwise’s ETHW also showed positive performance with $10.45 million in net inflows.
Moreover, the Grayscale Ethereum Mini Trust recorded $4.9 million in net inflows. Franklin’s EZET logged $2.52 million. However, the two other spot Ethereum ETFs managed by Invesco and 21 Shares saw no flows on Monday.&nbsp;
Comparative Market Volumes
The total daily trading volume for the spot Ethereum ETFs amounted to $773....
The post <a href="https://cryptonewsland.com/ethereum-etfs-face-98-29-million-outflows-amidst-mixed-inflows-for-bitcoin/" rel="noopener noreferrer nofollow">Ethereum ETFs Face $98.29 Million Outflows Amidst Mixed Inflows for Bitcoin</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

Ethereum ETFs Face $98.29 Million Outflows Amidst Mixed Inflows for Bitcoin

Crypto News Land

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