Bitcoin ETFs Add Another $40M Inflows, Ethereum Bears 1 More Negative Day

The latest statistics concerning the ETF market have revealed a consistent contrasting development in the flows of Bitcoin and Ethereum exchange-traded funds. Spot On Chain, a prominent on-chain analytics company, has mentioned that the BTC ETFs witnessed inflows of up to $40M worth nonetheless ETH ETFs experienced $18M in outflows on August 21. The platform took to its official X account to provide the details of the individual ETFs.

BlackRock (IBIT) Leads the Bitcoin ETF Sector with $55.4M in Inflows

In its recent X post, Spot On Chain disclosed that the Bitcoin ETF recorded a positive trend with huge inflows. The inclusion of $40M in BTC ETFs represents the extension of an optimistic pattern over the recent 5 trading days. This denotes sustained investor confidence in the case of Bitcoin. Nevertheless, a noteworthy thing is that irrespective of the positive flow, a slight decline took place in the trading volume.

Grayscale Mini (BTC) led the BTC ETF market with an additional $14.2M. On the other hand, the respective ETF could not make any flows on August 20. Fidelity (FBTC) took the 2nd spot with $10.7M in inflows. The exchange-traded fund similarly saw no flows a day back. Additionally, Bitwise (BITB) recorded inflows of $10M worth. On August 20, Bitwise experienced $6.5 in outflows. Thus, its current inflows offer a positive sign. BlackRock (IBIT), Franklin (EZBC), and Invesco (BTCO) witnessed $8.4M, $3.5M, and $2.55M in inflows respectively.

On the other hand, BlackRock topped the market on August 20 with $55.4M in inflows. However, Franklin and Invesco could not record any flows on that day. Just one Bitcoin ETF that went through outflows on August 21 was Grayscale. It incurred outflows of $9.8M worth. Previously, it had $12.8 in outflows, signifying a positive change.

Grayscale (ETHE) Sees a Decrease in 24-Hour Outflows from $37M to $31M on August 21

In the case of Ethereum ETFs, the overall outflows reached $18M on August 21. Fidelity (FETH) led the market with $7.9M in inflows, contrasting 0 flows on August 20. Grayscale Mini (ETH) saw $4.2M worth of inflows. It also could not make any inflows a day back. Franklin (EZET) recorded just $1M in inflows, with no inflows witnessed a day ago. The only ETH ETF that beheld outflows on August 21 was Grayscale (ETHE). It saw $31.1M in outflows, highlighting a significant decrease from $37M on August 20.

Source: https://blockchainreporter.net/bitcoin-etfs-add-another-40m-inflows-ethereum-bears-1-more-negative-day/