US Spot Bitcoin Exchange Traded Funds (ETFs) See Positive Inflows, Ethereum ETFs See Outflows! Here Are the Details

USA Spotlight Bitcoin Exchange-traded funds (ETFs) saw a resurgence in net inflows on Wednesday, drawing $45.14 million after a period of significant outflows. In contrast, Ethereum ETF’leri It experienced a net outflow of $23.68 million, with Grayscale’s ETHE leading the decline.

US Spot Bitcoin ETFs Report $45M Inflows; Ethereum ETFs See $23M Outflows

On Wednesday, US spot Bitcoin ETFs reported a notable return with net inflows of $45.14 million. This positive change comes after approximately $554 million exited these funds in the previous three trading days.

Data from SoSoValue highlights that BlackRock’s IBIT led the inflows with $52.52 million.

WisdomTree’s BTCW followed with $10.5 million, its largest inflow to date. Grayscale’s Bitcoin Mini Trust added $9.71 million, and Bitwise’s BITB recorded $3 million in new investments.

However, Grayscale’s converted GBTC fund was the only Bitcoin ETF to see net outflows on Wednesday, with $30.58 million exiting the fund. Seven other funds, including Fidelity’s FBTC and VanEck’s HODL, saw no significant flow changes.

Total trading volume for spot Bitcoin ETFs reached $1.79 billion on Wednesday, compared with $2.2 billion the day before. Since their inception in January, the 12 Bitcoin ETFs have accumulated $17.23 billion in net inflows.

In contrast, spot Ethereum ETFs had a tough day with a total net outflow of $23.68 million.

Grayscale’s ETHE led the outflows with $31.86 million, while Fidelity’s FETH saw a modest inflow of $4.7 million. Other Ethereum ETFs, including those from Bitwise and Franklin Templeton, reported net inflows.

Total daily trading volume for Ethereum ETFs was $322.85 million. Since their listing on July 23, Ethereum ETFs have experienced net outflows of $387.35 million.

*This is not investment advice.