Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
While US Spot Bitcoin ETFs See Modest Inflows, Ethereum ETFs Are Experiencing Large Outflows! Here are the Details

While US Spot Bitcoin ETFs See Modest Inflows, Ethereum ETFs Are Experiencing Large Outflows! Here are the Details

BitcoinsistemiBitcoinsistemi2024/08/01 08:06
By:Utku Yanık

Bitcoin ETFs reported a net inflow of $299,000, while spot Ethereum ETFs experienced significant outflows totaling $77.21 million.

On Wednesday, U.S. spot Bitcoin exchange-traded funds (ETFs) reported a net inflow of $299,000, while spot Ethereum ETFs experienced significant outflows totaling $77.21 million, according to SosoValue data.

U.S. Spot Bitcoin ETFs See Modest Inflows, While Ethereum ETFs See Significant Outflows

Among spot Bitcoin ETFs, only two reported net inflows. BlackRock's IBIT led the way with $20.99 million, followed by Grayscale Bitcoin Mini Trust, which recorded a net inflow of $18 million on its first day of trading.

 

In contrast, Fidelity's FBTC experienced significant outflows, leaving the fund with $31.57 million. While the ARKB fund managed by Ark and 21Shares saw a net outflow of $4.61 million, Bitwise's BITB recorded an outflow of $2.51 million. The remaining Bitcoin ETFs reported no net inflows or outflows.

Total trading volume of spot Bitcoin ETFs remained stable at $1.37 billion, the same as the previous day.

 
Related News Mt. Gox Moved Over 2 Billion Dollars of Bitcoin to an Unknown Address! Here are the Details

The situation was quite different for spot Ethereum ETFs, with a collective net outflow of $77.21 million.

Grayscale Ethereum Trust (ETHE) continued its streak of daily outflows since its debut on July 23, with the fund outflowing $133.33 million on Wednesday, making it the only Ethereum ETF to experience an outflow that day.

On the positive side, Grayscale Ethereum Mini Trust led the group with net inflows of $19.54 million. Fidelity's FETH followed with an inflow of $18.8 million, while BlackRock's ETHA and VanEck's ETHV attracted $4.98 million and $4.81 million, respectively.

Bitwise's ETHW and 21Shares' CETH also saw net inflows of $4.71 million and $3.28 million, respectively. Other Ethereum ETFs did not report any net inflows or outflows.

*This is not investment advice.

0

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Ray Dalio's latest post: This time is different, the Federal Reserve is fueling a bubble

Because the fiscal side of government policy is now highly stimulative, quantitative easing will effectively monetize government debt, rather than simply reinjecting liquidity into the private system.

ForesightNews2025/11/07 22:23
Ray Dalio's latest post: This time is different, the Federal Reserve is fueling a bubble

Famous Bitcoin bull "Cathie Wood" lowers target price due to the "replacement" by stablecoins

Cathie Wood has lowered her 2030 bitcoin bull market target price by about $300,000, after previously predicting it could reach $1.5 million.

ForesightNews2025/11/07 22:22
Famous Bitcoin bull "Cathie Wood" lowers target price due to the "replacement" by stablecoins