US Spot Bitcoin ETFs Extend Inflows Streak With $105.8M Inflows - Coincu
51 mins ago - Around 2 mins mins to read Key points: US spot bitcoin ETFs extended inflows of about $105 million on Wednesday, led by BlackRock’s IBIT. The bitcoin ETFs had a total trade volume...
51 mins ago - Around 2 mins mins to read
Key points:
- US spot bitcoin ETFs extended inflows of about $105 million on Wednesday, led by BlackRock’s IBIT.
- The bitcoin ETFs had a total trade volume of $795.88 million for the day.
- Spot ether ETFs also posted net inflows of $43.23 million, led by the Grayscale Ethereum Mini Trust.
US spot bitcoin ETFs extend inflows to a fifth day, adding $105.84M, with BlackRock leading. Ether ETFs also saw $43.23M in net inflows.
Spot Bitcoin ETFs See Continued Inflows
US spot bitcoin ETFs saw their fifth consecutive day of inflows on Wednesday at $105.84M. The BlackRock IBIT led the action as it had an inflow of $184.38 mln. The Bitwise BITB had inflows of $2.07M, while the funds by Ark Invest and Fidelity were among the largest outflows, accounting for a combined total of over $80M, according to data from SoSoValue.
Despite the strong inflows, the total daily trade volume for the 12 bitcoin ETFs fell to $795.88 million, from the previous day’s $1.11 billion. Since their January launch, those ETFs have seen a total net inflow of $17.94 billion, reflecting growing interest in spot bitcoin products.
Read more: Spot Bitcoin ETFs Inflows Rebound With $158 Million Net Gain
Ether ETFs Continue Positive Momentum
On Wednesday, Ether exchange-traded funds continued inflows by 100% with a total of $43.23M. Grayscale’s Ethereum Mini Trust saw the largest inflow of $26.63M, followed by BlackRock’s ETHA at $9.38 mln and Fidelity’s FETH at $6.45 M.
But since July, ether ETFs have witnessed $580.94 million in total net outflows, while recent inflows could be an indication of newer interest in them. Meanwhile, the SEC has pushed the Ethereum ETF options listings review to November which would affect players such as BlackRock and Bitwise.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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