Crypto:
32384
Bitcoin:
$96.891
% 1.94
BTC Dominance:
%58.1
% 1.36
Market Cap:
$3.33 T
% 0.79
Fear & Greed:
93 / 100
Bitcoin:
$ 96.891
BTC Dominance:
% 58.1
Market Cap:
$3.33 T

BlackRock Leads $192M Bitcoin ETF Inflows

Blackrock, Bitcoin Etf

On Thursday, spot Bitcoin ETF (exchange-traded funds) in the U.S. saw positive flows of $192.56 million.

Data from SoSoValue shows BlackRock’s IBIT recorded the most inflows among the funds yesterday—$157.6 million. Drawing in $118.52 million, WisdomTree’s BTCW was Thursday’s dark horse, with its highest inflows ever and nearly ten times more than what it had recorded on Wednesday.

Net inflows from Fidelity’s FBTC of $65.25 million and $32.79 million from Ark Invest and 21Shares ARKB followed this. The HODL of VanEck likewise noted net inflows of $3.38 million.

Thursday’s net withdrawals from Grayscale’s converted GBTC fund totaled a rather sizable $182.94 million. The spot Bitcoin fund of Hashdex lost $2.03 million.

Comparatively to $1.79 billion on Wednesday, the total trading volume for spot Bitcoin ETFs on Thursday came to $2 billion. Since their January inception, the 12 funds have net-flowed $17.43 billion overall.

With roughly balanced inflows and withdrawals yesterday, spot Ethereum ETFs in the United States generated a total net outflow of $2.87 million.

Grayscale’s Mini Trust had $5 million in net inflows; BlackRock’s ETHA logged $11.74 million. The Ether fund of Bitwise also saw $2.78 million in net inflows. Net withdrawals of $19.83 million from Grayscale’s ETHE and outflows of $2.58 million from Fidelity’s Ethereum ETF reversed these inflows.

While the funds have accrued $390.23 million in net withdrawals since opening on July 23, the total daily trading volume of the Ether ETFs yesterday was $338.49 million.

Bitcoin’s price rose 6.26% during the past 24 hours to $60,878; Ethereum increased 10.34% to $2,666.

READ:  The Impact of Bitcoin ETFs on Cryptocurrency Demand

 

 

 

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