• U.S. spot bitcoin ETFs recorded $64.91 million in net inflows on Thursday, extending their streak of positive flows to six days
• BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, recorded the largest inflows among the products on Thursday with $75.49 million in net inflows
• The nine spot Ethereum ETFs in the U.S. recorded $874,610 in net outflows on Thursday, with Grayscale’s ETHE seeing the largest outflows of $1.98 million
The spot bitcoin exchange-traded funds (ETFs) in the US have seen a sixth consecutive day of net inflows, totaling $64.91 million on Thursday. Meanwhile, spot Ethereum ETFs recorded modest outflows of $874,610.
JUST IN:
— BlockNews.com (@blocknewsdotcom) August 23, 2024Spot #Bitcoin ETFs have experienced positive net inflows for the past 6 days straight pic.twitter.com/shBM9Gr0LA
Spot Bitcoin ETFs Attract Inflows
The 12 spot bitcoin ETFs trading in the US attracted total inflows of $64.91 million on Thursday. This extends their streak of positive flows to six straight days.
BlackRock‘s BITO, the largest spot bitcoin ETF by assets, saw the biggest inflow of $7.549 million. Other ETFs like Fidelity‘s FBTC and Ark’s ARKB also recorded inflows of $0.923 million and $0.783 million respectively.
Grayscale’s GBTC, the second largest spot bitcoin ETF, continued to bleed with $2.836 million exiting the fund. Bitwise’s BITB also saw outflows totaling $0.115 million.
The total trading volume across the 12 funds declined significantly to $8.8967 million, compared to $14.2 billion on Wednesday.
Spot Ether ETFs See Minor Outflows
The 9 spot Ethereum ETFs trading in the US recorded total outflows of $874,610 on Thursday, down from $1.797 million outflows the previous day.
Grayscale Ethereum Trust (ETHE) saw the bulk of the outflows at $1.984 million. It was the only spot ether ETF recording outflows for the day.
On the contrary, Fidelity’s FETH attracted the maximum inflows of $1.433 million into the fund. Other ETFs like Grayscale’s ETH and VanEck‘s ETHV saw minor inflows of $0.368 million and $0.954 million respectively.
The combined daily trading volume for these funds also shrank to $9.387 million, compared to $20.1 million on Wednesday.
The price of Bitcoin edged up 0.34% to $60,988, while Ether climbed 1.71% to $2,668 at the time of writing, as per The Block’s data.
