Ethereum

Bitcoin ETF

Bitcoin

Spot

Spot Bitcoin and Ethereum exchange-traded funds in the United States continue their streak with a second consecutive day of positive inflows this week. 
According to <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="">data </a>from SoSoValue, the 12 spot Bitcoin ETFs recorded a total inflow of $38.94 million on Aug. 13, representing a nearly 40% increase from the<a href="https://crypto.news/spot-bitcoin-etfs-see-27-87m-inflows-outpacing-ethereum-etfs-by-wide-margin/" target="_blank" rel="noreferrer noopener"> $27.87 million recorded</a> the previous day. 
BlackRock’s IBIT fund led with $34.6 million in inflows, bringing its total since launch to $20.36 billion. It was the only Bitcoin ETF to see inflows for two consecutive days. 
Other notable inflows included $22.6 million into Fidelity’s FBTC and $16.5 million into Bitwise’s BITB. These gains helped to counterbalance a $28.6 million outflow from Grayscale’s GBTC, which has seen total outflows of $19.49 billion since its inception. 
The remaining Bitcoin ETFs did not record any activity on that day. 
Trading volumes for Bitcoin ETFs were slightly lower at $1.18 billion, down from $1.3 billion on Aug. 12. The cumulative net inflows into spot Bitcoin ETFs stood at $17.4 billion. 
 You might also like: <a href="https://crypto.news/bitcoin-and-ethereum-etfs-see-first-joint-positive-inflows-since-ether-etf-launch/"> Bitcoin and Ethereum ETFs see first joint positive inflows since Ether ETF launch </a> 
In contrast, the nine spot Ethereum ETFs saw a significant uptick in investor interest, with net inflows reaching $24.3 million on Aug. 13, a notable increase from the modest $5 million recorded the previous day. 
According to <a href="https://sosovalue.com/assets/etf/us-eth-spot" target="_blank" rel="">data </a>from SoSoValue, BlackRock’s ETHA led the charge once again, with $49.1 million in inflows following a day of no flows. 
Fidelity’s FETH and Invesco Galaxy’s QETH also saw inflows of $5.4 million and $0.8 million, respectively. This was the first day of inflows for Invesco’s Ethereum ETF since its launch. 
<a href="https://crypto.news/ethereum-etfs-first-week-sees-net-outflows-triggered-by-grayscale-ethe/" target="_blank" rel="noreferrer noopener">Grayscale’s ETHE</a> fund saw an outflow of $31 million, bringing its total outflows to $2.32 billion since launch. 
Despite the inflows, the trading volume for Ethereum ETFs dropped significantly to $190.76 million. Overall, these funds have experienced cumulative net outflows of $376.67 million to date. 
At the time of writing, Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>) was exchanging hands at $60,786, while Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noreferrer noopener">ETH</a>) stood at $2,726. 
 Read more: <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>

Spot Bitcoin and Ethereum ETFs record second day of joint inflows streak

crypto.news

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