Grayscale’s Ethereum ETF Outflows Declined – How Did Bitcoin ETFs Fare?
On August 12, spot Bitcoin exchange-traded funds (ETFs) in the U.S. recorded net inflows of just $27.8 million.
According to Farside, Grayscale’s GBTC-converted fund and Bitwise’s BITB were the only ETFs to experience outflows for the day, with $11.8 million and $17.1 million, respectively.
BlackRock’s Bitcoin fund (IBIT) was one of three funds to see inflows, adding $13.4 million. ARKB was the best performer of the day, bringing in $35.4 million, while Hashdex’s DEFI registered $7.9 million.
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Trump May Drop Out of 2024 Race According to Crypto ExpertOn the other hand, spot Ethereum ETFs also posted positive results on Monday, with total inflows amounting to $5 million.
The largest inflow was recorded by Fidelity’s FETH, with $4 million, followed by Bitwise’s ETHW with $2.9 million and Franklin Templeton’s EZET with $1 million.
Interestingly, Grayscale’s ETHE, which had previously seen large outflows, registered a neutral result this time.
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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