US Spot Bitcoin Exchange Traded Funds (ETFs) Continue Positive Streak with Fifth Consecutive Day of Net Inflows!
US spot Bitcoin exchange-traded funds (ETFs) continued their positive streak by recording net inflows for the fifth consecutive day on Wednesday.
US spot Bitcoin exchange-traded funds (ETFs) continued their streak of inflows, recording a fifth consecutive day of net inflows on Wednesday, totaling $105.84 million.
BlackRock’s IBIT, the largest Bitcoin ETF by net assets, reported the highest daily net inflow of $184.38 million, according to SoSoValue data. Bitwise’s BITB was the only other fund to record positive flows, with net inflows of $2.07 million.
However, several funds saw outflows. Ark Invest and 21Shares’ ARKB saw net outflows of $47.41 million, while Fidelity’s FBTC saw $33.19 million withdrawn. Eight other funds, including Grayscale’s GBTC, saw no net inflows or outflows during the day.
The 12 spot bitcoin funds had a total trading volume of $795.88 million on Wednesday, down from $1.11 billion on Tuesday. The ETFs have seen a combined net inflow of $17.94 billion since their launches in January.
Spot Ethereum ETFs also saw net inflows of $43.23 million on Wednesday. Grayscale Ethereum Mini Trust led the day with $26.63 million in inflows, followed by BlackRock’s ETHA with $9.38 million and Fidelity’s FETH with $6.45 million.
21Shares’ CETH recorded an inflow of $774,100, marking its first net inflow since July 31.
On the same day, nine Ethereum ETFs recorded a total trading volume of $124.18 million. However, despite the positive flows on Wednesday, Ethereum ETFs have seen a total net outflow of $580.94 million since their debut in July.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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