Crypto:
32277
Bitcoin:
$97.158
% 2.88
BTC Dominance:
%58.9
% 0.11
Market Cap:
$3.07 T
% 2.13
Fear & Greed:
83 / 100
Bitcoin:
$ 97.158
BTC Dominance:
% 58.9
Market Cap:
$3.07 T

Bitcoin ETFs Achieve $17.69B Net Inflows in 2024

Bitcoin Etfs

Friday’s recorded net inflows for spot bitcoin exchange-traded funds in the United States totaled $92 million. This week the funds recorded around $400 million in net inflows.

The inflows Friday were distributed among seven bitcoin ETFs. SoSoValue data shows Fidelity’s FacebookTC recorded $26.12 million inflows while ARKB from Ark Invest and 21Shares attracted $21.99 million. Grayscale’s Bitcoin Mini Trust received $13.37 million in net inflows; Bitwise’s BITB experienced positive flows of $15.08 million.

Smaller inflows of Bitcoin ETFs from VanEck, Valkyrie, and Invesco also were noted. While five funds—including BlackRock’s IBIT—recorded zero flows on Friday, there were no net outflows. Since their inception in January, the U.S. bitcoin funds had a total daily trading volume of $980.59 million on Friday and acquired a net inflow of $17.69 billion overall.

Related bitcoin ETF news includes U.S. Securities and Exchange Commission approval of BlackRock’s IBIT option listing and trading policies. The Nasdaq is likely to list and trade those options.

Completely from Grayscale’s Ethereum Mini Trust, spot ether ETFs reported their second straight day of positive overall flows yesterday valued at $2.87 million. Friday showed no flow for the other eight funds.

Down from $250.84 million on Thursday, the ether funds had a daily trade volume of $139.47 million overall. Based on SoSo Value statistics, U.S. Ethereum ETFs have amassed negative flows of $607.47 million since their July launch. To trade at $62,891, the value of bitcoin decreased 0.2% over the past 24 hours. Conversely, ether changed hands at $2,582 at the time of writing and increased 1.32%.

READ:  Bitcoin Stumbles Below $65K as Grayscale GBTC Outflows Persist

 

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