Yahya 
Reporting $28.72 million in net inflows, spot bitcoin exchange-traded funds (ETFs) in the U.S. broke their eight-day negative flow pattern on Monday. With $28.6 million in inflows, Fidelity’s FacebookTC led the charge; followed by Bitwise’s BITB, which had $21.99 million come in, according on SoSoValue statistics.
While Invesco’s BTCO showed $3.14 million in net inflows, Ark Invest and 21Shares recorded lesser inflows of $6.81 million. Notwithstanding these encouraging developments, Grayscale’s GBTC showed $22.76 million in withdrawals while BlackRock’s IBIT saw $9.06 million leaving the fund. Since August 26, IBIT has been suffering either no flows or outflows.
Monday’s daily trading activity for the 12 bitcoin ETFs overall dropped from $2.39 billion last Friday to $1.61 billion. These ETFs, which debuted in January, have together gathered $16.92 billion in net inflows.
Although Bitcoin ETFs exhibited recovery, U.S. spot ether ETFs kept losing run for the fifth straight day, with Monday net outflows of $5.20 million. With $22.64 million Grayscale’s ETHE led these withdrawals; Grayscale’s Ethereum Mini Trust (ETH) had $7.97 million in inflows. Bitwise’s ETHW recorded $1.85 million; Fidelity’s FET had $7.62 million in inflows.
On Monday, the nine ether ETFs traded total day volume of $124.51 million, down from $210.43 million last Friday. With $573.49 million in net outflows, these ETFs’ cumulative net flows remained negative.
While cryptocurrencies are still a hot issue, markets are now concentrating on the next Tuesday U.S. presidential debate between Donald Trump and Kamala Harris.
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