US spot Bitcoin ETFs log mere $299,000 in net inflows, Ethereum ETFs see $77 million in outflows | Headlines | News | CoinMarketCap
08/01/2024 13:18
U.S. spot Bitcoin exchange-traded funds logged a mere $299,000 in net daily inflows on Wednesday, while spot Ethereum ETFs recorded $77.21 million in …
U.S. spot Bitcoin exchange-traded funds logged a mere $299,000 in net daily inflows on Wednesday, while spot Ethereum ETFs recorded $77.21 million in net outflows.
Only two spot Bitcoin ETFs logged net inflows — namely BlackRock IBIT’s $20.99 million and the Grayscale Bitcoin Mini Trust’s $18 million in net inflows, according to data from SosoValue. The Grayscale Bitcoin Mini Trust only began trading on Wednesday.
Fidelity’s FBTC saw $31.57 million flow out of the fund, while Ark and 21Shares’ ARKB experienced net outflows of $4.61 million. Bitwise’s BITB logged $2.51 million in net outflows. The rest of the spot Bitcoin ETFs had zero flows.
The trading volume for the spot Bitcoin ETFs amounted to $1.37 billion on Wednesday, remaining unchanged from Tuesday.