x
The latest figures from U.S. spot bitcoin and ethereum exchange-traded funds (ETFs) reveal another contrasting shift. Bitcoin ETFs welcomed $192.56 million in inflows, while their ethereum counterparts saw around $2.87 million in net outflows.
On Thursday, bitcoin and ether ETFs moved in opposite directions, with bitcoin funds posting gains and ether funds experiencing a modest decline. The 12 spot bitcoin ETFs recorded $192.56 million in net inflows on Aug. 8, with Blackrock’s IBIT leading the charge, securing $157.6 million. Hot on its heels was Wisdomtree’s BTCW, bringing in $118.52 million. Fidelity’s FBTC added $65.25 million, while Ark Invest’s and 21shares’ ARKB fund grew by $32.79 million.
Meanwhile, Vaneck’s HODL fund managed to attract $3.38 million during Thursday’s trading session. Five other funds had a neutral day, neither gaining nor losing. Grayscale’s GBTC, however, faced a loss of $182.94 million, and Hashdex’s DEFI spot bitcoin fund saw a reduction of about $2.03 million. The $192.56 million inflow boosts the funds’ cumulative net inflow since Jan. 11, 2024, which now totals $17.43 billion.
In contrast, ethereum ETFs experienced a different kind of day, recording losses, though the reduction was quite mild compared to previous outflows. Approximately $2.87 million exited the nine ether ETFs on Thursday, pushing the cumulative net inflow further into the negative at -$390.23 million. Data from sosovalue.xyz shows that $19.83 million left Grayscale’s ETHE, and Fidelity’s FETH saw a drop of $2.58 million. Blackrock’s ETHA fund, however, led in the opposite direction, absorbing $11.74 million.
Grayscale’s Mini Ethereum Trust, known as “ETH,” pulled in around $5.02 million, and Bitwise’s ETHW fund added $2.78 million. Funds like ETHV, EZET, QETH, and CETH remained unchanged, with no gains or losses. As of the close of trading on Aug. 8, 2024, the nine ether funds collectively hold $7.25 billion, representing 2.35% of ETH’s total market cap.
