Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
US Spot Bitcoin Exchange Traded Funds (ETFs) Positive Streak Extends to Five Days!

US Spot Bitcoin Exchange Traded Funds (ETFs) Positive Streak Extends to Five Days!

BitcoinsistemiBitcoinsistemi2024/08/22 12:12
By:Utku Yanık

US spot Bitcoin ETFs attracted net investment of $39.42 million on Wednesday, marking the fifth consecutive day of positive inflows.

U.S. spot Bitcoin exchange-traded funds (ETFs) attracted $39.42 million in net investment on Wednesday, posting a fifth straight day of positive inflows. In contrast, spot Ethereum ETFs continued their streak of net outflows for a fifth straight day.

Grayscale’s mini Bitcoin trust led the day with $14.2 million in inflows, followed closely by Fidelity and Bitwise’s spot Bitcoin funds, which both saw around $10 million in new investments, according to SoSoValue data.

BlackRock’s IBIT, the largest spot Bitcoin ETF by assets, added $8.35 million, while Franklin Templeton’s EZBC fund saw inflows of $3.55 million.

Invesco’s BTCO also contributed $2.46 million in positive flows. The only Bitcoin ETF to report an outflow was Grayscale’s converted GBTC fund, which lost $9.82 million. Six other funds, including Ark and 21Shares’ ARKB, reported no net changes.

The total trading volume of 12 spot Bitcoin ETFs reached $1.42 billion on Wednesday, up from $1.35 billion the day before. Since their launch, these funds have collected $17.56 billion in total net inflows.

Related News Bitcoin Exchange Binance Announces It Will Delist Numerous Altcoin Trading Pairs! Here Are The Altcoins That Have Been Delisted

Meanwhile, spot Ethereum ETFs reported net outflows of $17.97 million on Wednesday, largely driven by Grayscale’s $31.14 million ETHE fund leaving the fund.

On the positive side, Fidelity’s FETH recorded the largest net inflow at $7.93 million, followed by Grayscale Ethereum Mini Trust at $4.24 million. Franklin Templeton’s Ethereum fund also saw an inflow of $1 million.

Trading volume across nine Ethereum ETFs reached $201 million on Wednesday, up slightly from $194.66 million the day before. Overall, Ethereum ETFs have seen net outflows of $458.08 million since their launch.

*This is not investment advice.

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Bitcoin’s LTH Spending Signals New Accumulation Phase

Long-Term Holder spending hits minimum, aligning with Bitcoin accumulation and potential price growth.Bullish Indicators Add Strength to Price Outlook

Coinomedia2025/06/17 17:48
Bitcoin’s LTH Spending Signals New Accumulation Phase

US Ethereum ETFs Hit Record 3.91M ETH Reserve

: U.S. spot Ethereum ETFs reach a record 3.91M ETH, with BlackRock holding the largest share at 41%.BlackRock Leads, Grayscale FollowsInstitutional Adoption Gaining Momentum

Coinomedia2025/06/17 17:48
US Ethereum ETFs Hit Record 3.91M ETH Reserve

Missed Ethereum’s ICO? Qubetics at $0.3370 Stands Out Among Best Cryptos to Buy This Month

Missed Ethereum’s early rise? Qubetics is in its final presale stage, offering real utility, reduced supply, and up to 4,349% ROI potential. Discover the best crypto to buy this month.Qubetics Interoperability: Cross-Network Access Without ComplexityEthereum’s Legacy and Qubetics’ PromiseThe Bottom Line

Coinomedia2025/06/17 17:48
Missed Ethereum’s ICO? Qubetics at $0.3370 Stands Out Among Best Cryptos to Buy This Month

Polyhedra to Increase ZKJ Buybacks After ‘Financial Attack’

Polyhedra co‑founder pledges more ZKJ token buybacks after price crash triggered by a financial attack.What Caused the Crash?Upcoming Buybacks & Security MeasuresWhat This Means for ZKJ Holders

Coinomedia2025/06/17 17:48
Polyhedra to Increase ZKJ Buybacks After ‘Financial Attack’