Spot Bitcoin ETFs in the U.S. gain $45 million

Spot Bitcoin ETFs saw an inflow of $45 million, contrasted by $23 million in outflows from Ether ETFs

Spot Bitcoin ETFs– On Wednesday, spot Bitcoin exchange-traded funds (ETFs) in the U.S. saw a return to positive flows, reporting net inflows of $45.14 million. This follows a recent outflow of approximately $554 million from these ETFs over the past three trading days.

Data from SoSoValue indicates that BlackRock’s IBIT led the inflows with $52.52 million on Wednesday. WisdomTree’s BTCW saw its largest net inflow to date, adding $10.5 million. Grayscale’s Bitcoin Mini Trust increased by $9.71 million, and Bitwise’s BITB recorded $3 million in net inflows.

Conversely, Grayscale’s converted GBTC fund was the sole Bitcoin ETF to experience net outflows on Wednesday, with $30.58 million exiting. Seven other funds, including Fidelity’s FBTC and VanEck’s HODL, reported no flows for the day.

Overall trading volume for spot Bitcoin ETFs reached $1.79 billion on Wednesday, down from $2.2 billion the previous day. Since their launch in January, the 12 funds have collectively accumulated a total net inflow of $17.23 billion.

Ethereum ETFs Experience $23.68 Million in Net Outflows

Spot Ethereum ETFs shifted to net outflows on Wednesday, with $23.68 million leaving the funds. Grayscale’s ETHE led the outflows with $31.86 million, while Fidelity’s FETH recorded a $4.7 million inflow. Spot ether funds from Bitwise and Franklin Templeton also saw net inflows.

The total daily trading volume for ether ETFs was $322.85 million. Since their listing on July 23, these funds have accumulated $387.35 million in net outflows.

FAQs

For the latest in crypto updates, keep tabs on Crypto Data Space.