Ethereum

Dollars

Bitcoin

Spot

Billion

On Wednesday, U.S. spot Bitcoin exchange-traded funds (ETFs) reported a net inflow of $299,000, while spot Ethereum ETFs experienced significant outflows totaling $77.21 million, according to SosoValue data.
<h2 id="u-s-spot-bitcoin-etfs-see-modest-inflows-while-ethereum-etfs-see-significant-outflows">U.S. Spot Bitcoin ETFs See Modest Inflows, While Ethereum ETFs See Significant Outflows</h2>
Among spot Bitcoin ETFs, only two reported net inflows. BlackRock's IBIT led the way with $20.99 million, followed by Grayscale Bitcoin Mini Trust, which recorded a net inflow of $18 million on its first day of trading.
In contrast, Fidelity's FBTC experienced significant outflows, leaving the fund with $31.57 million. While the ARKB fund managed by Ark and 21Shares saw a net outflow of $4.61 million, Bitwise's BITB recorded an outflow of $2.51 million. The remaining Bitcoin ETFs reported no net inflows or outflows.
Total trading volume of spot Bitcoin ETFs remained stable at $1.37 billion, the same as the previous day.
Related News: <a href="https://en.bitcoinsistemi.com/mt-gox-moved-over-2-billion-dollars-of-bitcoin-to-an-unknown-address-here-are-the-details/" target="_blank" rel="noopener noreferrer nofollow">Mt. Gox Moved Over 2 Billion Dollars of Bitcoin to an Unknown Address! Here are the Details</a>
The situation was quite different for spot Ethereum ETFs, with a collective net outflow of $77.21 million.
Grayscale Ethereum Trust (ETHE) continued its streak of daily outflows since its debut on July 23, with the fund outflowing $133.33 million on Wednesday, making it the only Ethereum ETF to experience an outflow that day.
On the positive side, Grayscale Ethereum Mini Trust led the group with net inflows of $19.54 million. Fidelity's FETH followed with an inflow of $18.8 million, while BlackRock's ETHA and VanEck's ETHV attracted $4.98 million and $4.81 million, respectively.
Bitwise's ETHW and 21Shares' CETH also saw net inflows of $4.71 million and $3.28 million, respectively. Other Ethereum ETFs did not report any net inflows or outflows.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/while-us-spot-bitcoin-etfs-see-modest-inflows-ethereum-etfs-are-experiencing-large-outflows-here-are-the-details/" rel="noopener noreferrer nofollow">While US Spot Bitcoin ETFs See Modest Inflows, Ethereum ETFs Are Experiencing Large Outflows! Here are the Details</a>

While US Spot Bitcoin ETFs See Modest Inflows, Ethereum ETFs Are Experiencing Large Outflows! Here are the Details

Table of Contents

Bitcoin Sistemi EN

Other articles published on Aug 1, 2024

Telegram launches in-app browser supporting decentralized websites

NY authorities announce charges related to ‘sham’ crypto recovery firm

Analyst Predicts Significant Price Surges for Bitcoin and Ethereum

Binance Labs Backs Particle Network

Lost Dogs Game Invites Players’ Choices

Floki Inu’s New Bitstamp Listing: Is it a Catalyst for Success in the World’s Best Crypto Presales?

Join our free newsletter for daily crypto updates!