{"id":27365,"date":"2024-08-22T15:00:19","date_gmt":"2024-08-22T12:00:19","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=27365"},"modified":"2024-08-22T11:01:38","modified_gmt":"2024-08-22T08:01:38","slug":"bitcoin-etfs-see-fifth-day-of-inflows-ether-funds","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-see-fifth-day-of-inflows-ether-funds\/","title":{"rendered":"Bitcoin ETFs See Fifth Day of Inflows as Ether Funds Continue Outflows"},"content":{"rendered":"

Drawing in $39.42 million on Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs)<\/strong> witnessed their sixth straight day of net inflows. By contrast, spot ether ETFs<\/strong> saw their seventh consecutive day of net outflows.<\/p>\n

The micro bitcoin trust of Grayscale<\/strong> topped the inflows with $14.2 million; followed by Fidelity and Bitwise’s spot bitcoin funds, each with around $10 million. With its IBIT<\/strong>, the biggest spot bitcoin ETF by assets, BlackRock<\/strong> gained $8.35 million. Additional noteworthy inflows were in Franklin Templeton’s EZBC with $3.55 million and Invesco’s BTCO with $2.46 million.<\/p>\n

Among the bitcoin<\/strong> ETFs<\/strong>, Grayscale’s converted GBTC fund had $9.82 million in net outflows\u2014the only ones noted. With cumulative net inflows now exceeding $17.56 billion since its inception, the overall trading volume for the 12 bitcoin ETFs<\/strong> exceeded $1.42 billion, somewhat up from $1.35 billion on Tuesday.<\/p>\n

Spot ether ETFs<\/strong> experienced net withdrawals of $17.97 million meanwhile, mostly from Grayscale’s ETHE, which alone contributed for $31.14 million in outflows. Conversely, Fidelity’s FESH topped with $7.93 million in net inflows; Grayscale Ethereum Mini Trust came second with $4.24 million; Franklin Templeton’s ether fund came third with $1 million in net inflows.<\/p>\n

Wednesday’s trading volume for nine ether<\/strong> ETFs<\/strong> was $ 201 million, up from $194.66 million the day before, therefore generating a total net outflow of $458.08 million.<\/p>\n

Around the $60,000 barrier, Bitcoin’s price was erratic before rising 2.33% over the previous 24 hours to $60,735. Trading at $2,621, Ether too had a 1.09% increase.<\/p>\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our <\/span><\/i>Telegram, <\/span><\/i><\/a>YouTube<\/span><\/i><\/a>, and <\/span><\/i>Twitter<\/span><\/i><\/a> channels for the latest <\/span><\/i>news<\/span><\/i><\/a> and updates.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

Drawing in $39.42 million on Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) witnessed their sixth straight day of net inflows. By contrast, spot ether ETFs saw their seventh consecutive day of net outflows. The micro bitcoin trust of Grayscale topped the inflows with $14.2 million; followed by Fidelity and Bitwise’s spot bitcoin funds, each with<\/p>\n","protected":false},"author":6,"featured_media":27367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,1],"tags":[61,534,535,105,1000,1096],"class_list":["post-27365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-genel","tag-bitcoin","tag-bitcoin-etf","tag-blackrock","tag-ethereum","tag-ethereum-etf","tag-grayscale"],"yoast_head":"\nBitcoin ETFs See Fifth Day of Inflows as Ether Funds Continue Outflows - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-see-fifth-day-of-inflows-ether-funds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin ETFs See Fifth Day of Inflows as Ether Funds Continue Outflows - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Drawing in $39.42 million on Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) witnessed their sixth straight day of net inflows. 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