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Bitcoin ETFs Record Positive Inflows – What’s Happening With Ethereum ETFs?

Bitcoin ETFs Record Positive Inflows – What’s Happening With Ethereum ETFs?

Cryptodnes2024/08/09 07:30
By:Cryptodnes

Spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. recorded net inflows of $194.6 million on Tuesday, reversing Monday's outflows.

According to Farside, BlackRock’s IBIT led the positive results with $157.6 million raised, followed by Wisdomtree’s BTCW with $118.5 million and Fidelity’s FBTC with $65.2 million.

Bitcoin ETFs Record Positive Inflows – What’s Happening With Ethereum ETFs? image 0

Bitcoin ETFs Record Positive Inflows – What’s Happening With Ethereum ETFs? image 1

The ARK 21Shares Bitcoin ETF (ARKB) also saw inflows of $32.8 million.

READ MORE:
Buterin Unveils Bold Vision to Transform Ethereum Layer-2 Interoperability

On the other hand, spot Ethereum ETFs saw slight outflows, with total outflows amounting to $2.9 million.

Bitcoin ETFs Record Positive Inflows – What’s Happening With Ethereum ETFs? image 2

Bitcoin ETFs Record Positive Inflows – What’s Happening With Ethereum ETFs? image 3

The largest inflow was recorded by BlackRock’s ETHA, which saw $11.7 million, while the largest outflow was recorded by Grayscale’s ETHE at $19.8 million.

Grayscale’s mini trust (ETH) posted the second-best results of the day, attracting $5 million, followed by Bitwise’s ETHW with $2.8 million.

Grayscale’s ETHE, on the other hand, experienced the weakest outflow since its inception, with only $39.7 million leaving the fund, a significant decrease from the $484 million it registered at launch.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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