Crypto:
31856
Bitcoin:
$67.088
% 0.30
BTC Dominance:
%57.5
% 0.21
Market Cap:
$2.29 T
% 1.75
Fear & Greed:
71 / 100
Bitcoin:
$ 67.088
BTC Dominance:
% 57.5
Market Cap:
$2.29 T

Bitcoin ETFs Surge with $135M Net Inflows

Bitcoin Etf

With Tuesday’s recorded net inflows of $135.95 million, spot bitcoin exchange-traded funds in the U.S. recorded extend the good run to its fourth consecutive day. roughly the period, the twelve funds have attracted roughly $390 million.

Data from SoSoValue shows BlackRock’s IBIT, which saw $98.89 million in net inflows, led Tuesday’s inflows. Based on this data, IBIT’s inflows yesterday were the highest they have been since August 26.

Second with $17.41 million worth of inflows was Bitwise’s BITB. Moreover, Grayscale’s Bitcoin Mini Trust recorded $2.85 million in net inflows, while Fidelity’s Facebook TC reported $16.80 million.

Yesterday there were no net outflows for any of the funds. Eight funds, including the GBTC from Grayscale, saw zero transfers nonetheless.

Since their introduction in January, the U.S. bitcoin funds have acquired a cumulative net inflow of $17.83 billion and had a daily transaction volume on Tuesday of $1.11 billion.

After the funds suffered a total net outflow of over $79 million on Monday—the biggest negative flow since July 29—spot ether ETFs reverted to positive total daily flows valued at $62.51 million yesterday.

According to SoSoValue data, Tuesday’s net inflows largely came from BlackRock ETHA, which recorded $59.25 million. The ETHV of VanEck showed $1.94 million in net inflows, while the ether ETF of Invesco recorded $1.32 million in movement into it. Tuesday witnessed nil flow for the other six funds.

Up from $ 167.35 million on Monday, the ether funds experienced a daily trade volume of $180.42 million. U.S. Ethereum ETFs have accrued negative flows of $624.17 million since their July inception, according to SoSoValue data.

READ:  U.S. Bitcoin ETFs See $81.36M Outflows on Wednesday

 

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

Rate this post

Leave a Reply

Your email address will not be published. Required fields are marked *