The post U.S Spot Bitcoin ETFs Rebound with $45 Million Inflows appeared on BitcoinEthereumNews.com.

Among yesterday’s inflows, $52.52 million went to BlackRock’s IBIT. Net inflows of $17.23 billion have accrued among the 12 funds since their debut. Wednesday saw a return to positive flows for the U.S.-based spot bitcoin exchange-traded funds, which reported net inflows of $45.14 million. In the previous three trading days, over $554 million departed from spot bitcoin ETFs. Among yesterday’s inflows, $52.52 million went to BlackRock’s IBIT, according to SoSoValue statistics. Then, WisdomTree’s BTCW brought in $10.5 million, the most money it has ever received in net inflows. Bitwise’s BITB had net inflows of $3 million, while Grayscale’s Bitcoin Mini Trust gained $9.71 million. Only one bitcoin exchange-traded fund (ETF) had net outflows on Wednesday, and that was Grayscale’s converted GBTC fund, which lost $30.58 million. There were no transactions for the day at any of the other seven funds. This includes FBTC (Fidelity) and HODL (VanEck). The overall amount of money exchanged hands for bitcoin ETFs on Wednesday was $1.79 billion, down from $2.2 billion the day before. Net inflows of $17.23 billion have accrued among the 12 funds since their debut in January. At the time of writing, Bitcoin is trading at $59,084 as per data from CMC. Net Outflows for Spot Ether ETF In contrast, spot Ethereum ETFs began to see net outflows yesterday, with a loss of $23.68 million. The ETHE product from Grayscale was the most heavily sold, with a net loss of $31.86 million. Net inflows of $4.7 million were recorded by Fidelity’s FETH. Bitwise and Franklin Templeton’s spot ether funds also saw net inflows. The total daily trading volume of the ether ETFs hit $322.85 million yesterday, while the funds had accumulated net outflows of $387.35 million since their debut on July 23. Highlighted Crypto News Today: Metaplanet Secures ¥1B Loan to Further…

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Filed under: News - @ August 8, 2024 10:16 pm