Ethereum

Franklin

United

Bitcoin

Spot

Spot Bitcoin exchange-traded funds in the United States began the week with net inflows that were more than five times greater than those of spot Ethereum ETFs. 
According to <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="">data </a>from SoSoValue, the 12 spot Bitcoin ETFs saw inflows of $27.87 million on Aug. 12, a flip from the $45.14 million outflows recorded on Aug. 9. 
Interestingly, ARK 21Shares’s ARKB led the lot with $35.4 million, bringing its total inflows since launch to $2.45 billion. <a href="https://crypto.news/tag/Blackrock/" target="_blank" rel="noreferrer noopener">BlackRock</a>’s IBIT followed with $13.4 inflows, being the only one to record a second consecutive day of inflows. 
Grayscale’s Bitcoin mini trust fund raked in the least inflows, with $7.9 million flowing in. 
These inflows managed to offset the $11.8 million leaving <a href="https://crypto.news/tag/grayscale/">Gray</a><a href="https://crypto.news/tag/grayscale/" target="_blank" rel="noreferrer noopener">s</a><a href="https://crypto.news/tag/grayscale/">cale’s </a>GBTC, which has shed over $19.46 billion since launch. The remaining ETFs saw no flows on the day. 
Trading volume for these offerings jumped to $1.3 billion, lower than the $1.27 billion seen on Aug. 12. Cumulative net inflows into spot BTC ETFs stood at $17.37 billion. 
 You might also like: <a href="https://crypto.news/spot-bitcoin-etf-inflows-surge-four-fold-ether-etf-outflows-slow-down/"> Spot Bitcoin ETF inflows surge four-fold, Ether ETF outflows slow down </a> 
In contrast, the nine spot Ethereum ETFs saw smaller net inflows totalling <a href="https://sosovalue.com/assets/etf/us-eth-spot" target="_blank" rel="">$4.93 million</a> on the same day, marking an end to three days of net outflows. 
Fidelity’s FETH led the charge with $4 million in inflows, followed by Bitwise’s ETHW and Franklin Templeton’s EZET with $2.9 million and $1 million respectively 
Meanwhile, VanEck’s ETHV recorded its first day of outflows since launch, with $2.9 flowing out. Flows into the other offerings remained neutral. 
However, the nine Ether ETFs saw a big jump in trading volume to $285.96 million. To date, these funds have seen cumulative net outflows of $401.01 million. 
At the time of writing, Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>) was exchanging hands at $59,105, while Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noreferrer noopener">ETH</a>) stood at $2,641. 
 Read more: <a href="https://crypto.news/analyst-morgan-stanleys-bitcoin-etfs-are-last-taboo-to-adoption/"> Analyst: Morgan Stanley’s Bitcoin ETFs are ‘last taboo’ to adoption </a>

Spot Bitcoin ETFs see $27.87m inflows, outpacing Ethereum ETFs by wide margin

crypto.news

Other articles published on Aug 13, 2024

Ether Outperforms as Ethereum ETFs See Inflows and DEX Tokens Rally

Shiba Inu’s 321% Surge? Analyst Explores Bitcoin Correlation

Pump.fun Sets $28.7M July Income Record

Massive Settlement Slammed on Ideanomics and Execs as SEC Exposes Ideanomics Fraud

Investors Observe Significant Movements in Mt. Gox Wallet

New Solana Memecoin Trump Rides Doge to Rally Over 16,000% Before Exchange Listings, As SHIB and ...

Join our free newsletter for daily crypto updates!