Reporting $45.14 million in net inflows, spot Bitcoin ETFs (exchange-traded funds) in the United States returned positive flows on Wednesday. This follows around $554 million left out of the Bitcoin ETFs throughout the prior three trading days.
Data from SoSo Value shows BlackRock’s IBIT lead inflows yesterday were $52.52 million. WisdomTree’s BTCW, which achieved its highest net flow yet, came next at $10.5 million. Bitcoin Mini Trust of Grayscale added $9.71 million, while Bitwise BITB noted $3 million in net inflows.
With withdrawals of $30.58 million, Grayscale’s converted GBTC fund was the only Bitcoin ETF to show net losses on Wednesday. For the day, seven more funds—including VanEck’s HODL and Fidelity’s FBTC—saw zero flows.
While trading volume for spot Bitcoin ETFs on Tuesday was $2.2 billion, on Wednesday it came to $1.79 billion. Since their January introduction, the twelve funds have attracted a cumulative net input of $17.23 billion.
Conversely, spot Ethereum ETFs turned to net outflows and lost $23.68 million yesterday. With Grayscale’s ETHE guiding them—$31.86 million in net outflows—outflows followed.
Fidelity’s FESH, in the in the meantime, had net inflows of $4.7 million. Also reported net inflows were spot ether funds from Bitwise and Franklin Templeton.
While the funds have amassed $387.35 million in net withdrawals since their July 23 debut, the entire daily trading volume of the ether ETFs yesterday was $322.85 million.
While ether dropped 3.03% to $2,431, the Bitcoin price increased 0.52% during the past 24 hours to $57,123.
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