{"id":29151,"date":"2024-09-13T17:30:20","date_gmt":"2024-09-13T14:30:20","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=29151"},"modified":"2024-09-13T12:41:44","modified_gmt":"2024-09-13T09:41:44","slug":"bitcoin-etfs-reverse-negative-flow-with-39m-inflows","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-reverse-negative-flow-with-39m-inflows\/","title":{"rendered":"Bitcoin ETFs Reverse Negative Flow with $39M Inflows"},"content":{"rendered":"

After reporting negative flows the day before, spot bitcoin exchange-traded funds<\/strong> in the U.S. observed daily net inflows of $39.02 million on Thursday.<\/p>\n

Based on SoSoValue statistics<\/a>, ARKB from Ark and 21Shares had the biggest net inflows\u2014$18.34 million moved into the fund yesterday. While Grayscale’s Bitcoin Mini Trust attracted $5.18 million, Fidelity’s FacebookTC noted net inflows of $11.47 million.<\/p>\n

Franklin Templeton’s bitcoin fund had $3.38 million in inflows, while VanEck’s HODL witnessed smaller flows of $4.95 million. Bitwise’s BITB likewise noted $2.22 million in favorable flows.<\/p>\n

With 6.51 million withdrawals, Grayscale’s GBTC was the only spot bitcoin ETF<\/strong> noted to have outflows. Thursday’s flows for the remaining five bitcoin ETFs<\/strong>\u2014BlackRock’s IBIT included\u2014were zero. With net assets at the highest spot among bitcoin ETFs<\/strong>, IBIT has not seen net flows since Aug. 27.<\/p>\n

Thursday’s daily trading volume of $896.92 million for the 12 bitcoin ETFs<\/strong> dropped from $1.27 billion the day before. Launched in January, the bitcoin funds have accumulated net inflows of $17.03 billion.<\/p>\n

With their second consecutive net outflow day, spot Ethereum ETFs<\/strong> in the United States recorded $20.14 million in net outflows. Grayscale’s ETHE generated the whole daily net outflows; the eight other ether funds<\/strong> had zero flows on Thursday.<\/p>\n

Comparatively to Wednesday’s $126.22 million, the total daily trading volume of the ether ETFs<\/strong> yesterday was $106.14 million. Their net outflows taken all together came to $582.74 million.<\/p>\n

The price of bitcoin<\/strong> stays about $58,000 in the meantime. The biggest cryptocurrency in the world dropped 0.6% to trade right now for about $57,916. After the U.S. published poor non-farm payroll data last Friday, bitcoin<\/strong> fell to lows of under $53,000, but it has since recovered on the back of the election debate between Kamala Harris and Donald Trump as well as Wednesday’s consumer price data release.<\/p>\n

Investors now anticipate the Federal Open Market Committee meeting next week. With a 57% probability that the Fed will cut rates by 25 basis points using CME Group’s FedWatch Tool and a 43% possibility to a 50 basis-point drop.<\/p>\n

 <\/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\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em>the latest\u00a0news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

After reporting negative flows the day before, spot bitcoin exchange-traded funds in the U.S. observed daily net inflows of $39.02 million on Thursday. Based on SoSoValue statistics, ARKB from Ark and 21Shares had the biggest net inflows\u2014$18.34 million moved into the fund yesterday. While Grayscale’s Bitcoin Mini Trust attracted $5.18 million, Fidelity’s FacebookTC noted net<\/p>\n","protected":false},"author":6,"featured_media":29153,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[61,534,105,1000],"class_list":["post-29151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-etf","tag-ethereum","tag-ethereum-etf"],"yoast_head":"\nBitcoin ETFs Reverse Negative Flow with $39M Inflows - 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-reverse-negative-flow-with-39m-inflows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin ETFs Reverse Negative Flow with $39M Inflows - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"After reporting negative flows the day before, spot bitcoin exchange-traded funds in the U.S. observed daily net inflows of $39.02 million on Thursday. 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