US Spot Bitcoin ETFs Extend Inflows Streak With $105.8M Inflows

Key points:

  • US spot bitcoin ETFs extended inflows of about $105 million on Wednesday, led by BlackRock’s IBIT.
  • The bitcoin ETFs had a total trade volume of $795.88 million for the day.
  • Spot ether ETFs also posted net inflows of $43.23 million, led by the Grayscale Ethereum Mini Trust.
US spot bitcoin ETFs extend inflows to a fifth day, adding $105.84M, with BlackRock leading. Ether ETFs also saw $43.23M in net inflows.
US Spot Bitcoin ETFs Extend Inflows Streak With $105.8M InflowsUS Spot Bitcoin ETFs Extend Inflows Streak With $105.8M Inflows

Spot Bitcoin ETFs See Continued Inflows

US spot bitcoin ETFs saw their fifth consecutive day of inflows on Wednesday at $105.84M. The BlackRock IBIT led the action as it had an inflow of $184.38 mln. The Bitwise BITB had inflows of $2.07M, while the funds by Ark Invest and Fidelity were among the largest outflows, accounting for a combined total of over $80M, according to data from SoSoValue.

Despite the strong inflows, the total daily trade volume for the 12 bitcoin ETFs fell to $795.88 million, from the previous day’s $1.11 billion. Since their January launch, those ETFs have seen a total net inflow of $17.94 billion, reflecting growing interest in spot bitcoin products.

Read more: Spot Bitcoin ETFs Inflows Rebound With $158 Million Net Gain

Ether ETFs Continue Positive Momentum

On Wednesday, Ether exchange-traded funds continued inflows by 100% with a total of $43.23M. Grayscale’s Ethereum Mini Trust saw the largest inflow of $26.63M, followed by BlackRock’s ETHA at $9.38 mln and Fidelity’s FETH at $6.45 M.

But since July, ether ETFs have witnessed $580.94 million in total net outflows, while recent inflows could be an indication of newer interest in them. Meanwhile, the SEC has pushed the Ethereum ETF options listings review to November which would affect players such as BlackRock and Bitwise.

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Source: https://coincu.com/284568-us-spot-bitcoin-etfs-extend-inflows-streak