Spot Bitcoin exchange-traded funds (ETFs) have experienced a strong start this week, while spot Ether ETFs are grappling with persistent negative flows.
On August 19, the 12 U.S. spot Bitcoin ETFs recorded inflows totaling $61.98 million, marking a 72% increase from the $36.01 million recorded on the same day. BlackRock’s IBIT led with $92.7 million in new inflows, raising its total since launch to $20.48 billion. Fidelity’s FBTC also saw positive movement, with inflows of $3.9 million, making it the only other fund with consecutive days of inflows.
Conversely, Bitwise’s BITB and Invesco Galaxy’s BTCO experienced net outflows of $25.7 million and $8.8 million, respectively. Grayscale’s GBTC saw no activity for the first time since its launch, reflecting a continued trend of outflows totaling $19.64 billion since its inception. The seven remaining Bitcoin ETFs showed no significant changes, with total inflows surpassing $17.4 billion.
In the broader cryptocurrency market, global capitalization increased by 2.4% over the past 24 hours to $2.24 trillion, with trading volume rising to $79.5 billion. Bitcoin saw a 4.2% gain, trading at $60,937.
In contrast, the nine Ethereum ETFs reported a combined $13.52 million in outflows on August 19, marking the third consecutive day of negative flows. Grayscale’s ETHE led the outflows with $20.3 million, bringing its total outflows to $2.43 billion since launch. Only Grayscale Bitcoin Mini Trust and Bitwise’s ETHW saw modest inflows of $4.9 million and $1.9 million, respectively, while the other six Ethereum ETFs reported no activity. Trading volume for Ether ETFs dropped to $124 million from $185 million the previous day, with a cumulative net outflow of $433.62 million. Ethereum rose by 2.3%, trading at $2,673 as of the latest update.
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