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Grayscale Bitcoin Trust

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United States spot Bitcoin exchange-traded funds (ETFs) have maintained positive flows for eight out of the past ten consecutive trading days.&nbsp;
On Aug. 20, the <a href="https://cointelegraph.com/learn/bitcoin-etfs-a-beginners-guide-to-exchange-traded-funds" rel="noopener noreferrer nofollow">ETFs</a> saw an aggregate inflow of $88 million, their highest for two weeks <a href="https://farside.co.uk/btc/" target="_blank" rel="noopener noreferrer nofollow">according</a> to preliminary data from Farside Investors.
It marks 80% of the past fortnight’s Bitcoin (<a href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow">BTC</a>) ETF trading days seeing positive flows, with just two days — Aug. 9 and Aug. 14 — seeing an outflow.
BlackRock’s iShares Bitcoin Trust (IBIT) led the pack with an inflow of $55.4 million, bringing the total net inflow for the product since its launch in January to $20.5 billion.
IBIT, which <a href="https://cointelegraph.com/news/blackrock-ibit-overtakes-gbtc-largest-bitcoin-etf" rel="noopener noreferrer nofollow">surpassed longtime Bitcoin ETF player Grayscale</a> in terms of assets under management (AUM), has not seen an outflow day since May 1 — the only day of net outflows it has had since it launched in January.
The Ark 21Shares Bitcoin ETF (ARKB) was a close second with an inflow of $51.9 million on Aug. 20.
<figure><img src="https://s3.cointelegraph.com/uploads/2024-08/e56572b8-0dd6-4b27-b9be-5c8deb6e1e02.jpg" alt="Spot Bitcoin ETFs maintain positive flows for 8 out of the last 10 days">
 <figcaption style="text-align: center;">US spot Bitcoin ETF flows for Aug. 20 noted in green. Source: Farside Investors
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The Grayscale Bitcoin Trust (GBTC) saw a net outflow of $12.8 million, and the Bitwise Bitcoin ETF (BITB) also saw minor net outflows of $6.5 million. The remaining funds saw zero flows.
Related: <a href="https://cointelegraph.com/news/spot-bitcoin-etf-institutional-investor-hedge-fund-advisor-crypto-exchange-coinbase" rel="noopener noreferrer nofollow">Adviser holdings in Bitcoin ETFs rise, hedge fund stakes dip — Coinbase</a>
Grayscale’s flagship fund has lost $19.6 billion since its conversion to an ETF seven months ago. Its lower-fee Bitcoin Mini Trust (BTC) has gained just $288 million since its launch on July 31.
It was also recently reported that 60% of the largest hedge funds in the United States have <a href="https://cointelegraph.com/news/over-50-us-hedge-funds-exposure-bitcoin-btc-stocks" rel="noopener noreferrer nofollow">exposure</a> to Bitcoin ETFs, <a href="https://twitter.com/macromule/status/1825564790489579902" target="_blank" rel="noopener noreferrer nofollow">according</a> to Sam Baker, researcher at investment firm River.
<figure><img src="https://s3.cointelegraph.com/uploads/2024-08/fc2816b2-4b19-4f0a-9253-1cdbf2113b28.png" alt="Spot Bitcoin ETFs maintain positive flows for 8 out of the last 10 days">
 <figcaption style="text-align: center;">Top US hedge fund BTC ETF exposure. Source: <a href="https://twitter.com/macromule/status/1825564790489579902" target="_blank" rel="noopener noreferrer nofollow">Sam Baker/River</a>
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<a href="https://cointelegraph.com/learn/spot-ethereum-etf" rel="noopener noreferrer nofollow">Spot Ether ETFs</a>, meanwhile, have seen five out of the past eight trading days outflowing assets.
Aug. 20 saw the nine newly launched spot Ether (<a href="https://cointelegraph.com/ethereum-price" rel="noopener noreferrer nofollow">ETH</a>) ETFs post joint net outflows of $6.5 million, making their fourth consecutive day of outflows, per Farside Investors.
BlackRock’s iShares Ethereum Trust (ETHA) had $26.8 million in net inflows, not enough to outpace the $37 million net outflow from Grayscale’s Ethereum Trust (ETHE).
Magazine: <a href="https://cointelegraph.com/magazine/11-critical-moments-ethereum-history-that-made-eth-no2-blockchain/" rel="noopener noreferrer nofollow">11 critical moments in Ethereum’s history that made it the No.2 blockchain</a>

Spot Bitcoin ETFs maintain positive flows for 8 out of the last 10 days

Cointelegraph

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