U.S. spot Bitcoin exchange-traded funds (ETFs) continued their positive streak, recording a net inflow of $105.84 million on Wednesday. This marks the fifth consecutive day of positive inflows, signaling strong investor interest in these products.
BlackRock’s IBIT Leads with Largest Daily Inflow
According to data from SoSoValue, BlackRock’s IBIT, the largest Bitcoin ETF by net assets, reported the highest daily net inflow of $184.38 million. Following behind was Bitwise’s BITB, which posted a net inflow of $2.07 million, making it the only other fund to record a positive flow.
However, not all funds shared in the gains. ARK Invest and 21Shares’ ARKB ETF experienced a net outflow of $47.41 million, while Fidelity’s FBTC saw withdrawals totaling $33.19 million. Additionally, eight other funds, including Grayscale’s GBTC, reported no inflows or outflows throughout the day.
Total Trading Volume Drops from Tuesday
Advertisement Banner
The 12 spot Bitcoin ETFs combined for a total trading volume of $795.88 million on Wednesday, down from the $1.11 billion recorded on Tuesday. Since their launch in January, these ETFs have accumulated a total of $17.94 billion in net inflows.
Spot Ethereum ETFs Also Record Positive Inflows
On the same day, spot Ethereum ETFs saw a net inflow of $43.23 million. Grayscale’s Ethereum Mini Trust led the way with a net inflow of $26.63 million, followed by BlackRock’s ETHA with $9.38 million and Fidelity’s FETH at $6.45 million. Notably, 21Shares’ CETH recorded its first net inflow of $774,100 since July 31.
Despite these positive inflows, Ethereum ETFs have experienced a total net outflow of $580.94 million since July.
- https://twitter.com/Thebitjournal_
- https://www.linkedin.com/company/the-bit-journal/
- https://t.me/thebitjournal
Follow us on Twitter and LinkedIn and join our Telegram channel to be instantly informed about breaking news!
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.
