Spot bitcoin ETFs see eighth day of inflows, led by BlackRock's $224 million
Quick Take U.S. spot bitcoin ETFs reported $202 million in net inflows on Monday, marking their eighth consecutive day of positive flows. Ether ETFs recorded another day of total net outflows.
Spot bitcoin exchange-traded funds in the U.S. saw $202.51 million in total daily net inflows on Monday, marking their eighth consecutive day of positive flows. The 12 bitcoin funds have drawn in $756 million over the past eight trading days.
Monday’s largest net inflows came from BlackRock’s IBIT fund, totaling $224.06 million, its largest daily inflows since July 22, according to data from SoSoValue. Two other funds saw smaller net inflows: Franklin Templeton’s EZBC recorded $5.52 million and WisdomTree’s BTCW logged $5 million in net inflows.
Bitwise’s BITB recorded outflows of $16.61 million, the largest net outflows on Monday, followed by $8.33 million from Fidelity’s FBTC. VanEck’s HODL also saw $7.18 million move out of the fund. The six other funds, including Grayscale’s GBTC, experienced zero flows for the day.
The spot bitcoin funds' trading volume shrank to $1.2 billion yesterday from $3.12 billion last Friday, reverting to typical levels. The funds have accumulated total net inflows of $18.08 billion since their January inception.
Ether continues to experience outflows
Meanwhile, U.S. spot ether funds remained on the opposite track, reporting their eighth consecutive day of negative flows.
Monday saw $13.23 million in net outflows from ether funds, led by $9.52 million from Grayscale’s ETHE. Fidelity’s FETH saw outflows of $2.69 million, while Franklin Templeton reported $1.02 million in net outflows. No spot ether ETFs recorded positive flows on Monday.
Spot ether funds saw $125.73 million in trading volume on Monday. They have accumulated total net outflows of $477.88 million.
Bitcoin traded down 1.54% over the past 24 hours to $63,077, while ether slid 2.26% to change hands at $2,689 at the time of writing, according to The Block's price page .
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.
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