Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
US Bitcoin ETFs See Continued Positive Flow, While Ethereum Funds Struggle

US Bitcoin ETFs See Continued Positive Flow, While Ethereum Funds Struggle

Cryptodnes2024/08/21 16:12
By:Cryptodnes

On Tuesday, U.S. Bitcoin exchange-traded funds (ETFs) saw a notable influx, with $88.06 million in net inflows.

This marks the fourth straight day of gains for these funds. The top performer was BlackRock’s IBIT, which attracted $55.43 million. Ark Invest and 21Shares’ ARKB also saw significant investments, receiving $51.91 million.

Conversely, Grayscale’s GBTC experienced the largest outflow, losing $12.81 million, with Bitwise’s BITB following with $6.47 million in outflows. Other ETFs, including those from Fidelity and VanEck, reported no changes in their net flows.

The total trading volume for these Bitcoin ETFs was $1.35 billion on Tuesday, a rise from $779 million the previous day but still below the $5 to $8 billion range observed earlier this year. Since their introduction, these ETFs have gathered $17.52 billion in net inflows.

READ MORE:
Bitcoin (BTC) Mining Costs Soar Amid Rapid Growth

In contrast, spot ether ETFs faced a challenging day, with a total of $6.49 million in outflows. This was their fourth consecutive day of negative flows. Grayscale’s ETHE saw the largest decrease at $36.99 million, while BlackRock’s ETHA and Bitwise’s ETHW saw modest inflows of $26.77 million and $3.73 million, respectively.

Trading volume for ether ETFs reached $194.66 million, down from the $900 million to $1 billion range seen in their debut week. Overall, these ether funds have experienced $440.11 million in net outflows to date.

SHARE: SHARES
0

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Interview with VanEck Investment Manager: From an Institutional Perspective, Should You Buy BTC Now?

The support levels near $78,000 and $70,000 present a good entry opportunity.

深潮2025/11/28 07:23
Interview with VanEck Investment Manager: From an Institutional Perspective, Should You Buy BTC Now?

Macroeconomic Report: How Trump, the Federal Reserve, and Trade Sparked the Biggest Market Volatility in History

The deliberate devaluation of the US dollar, combined with extreme cross-border imbalances and excessive valuations, is brewing a volatility event.

深潮2025/11/28 07:22
Macroeconomic Report: How Trump, the Federal Reserve, and Trade Sparked the Biggest Market Volatility in History

Vitalik donated 256 ETH to two chat apps you've never heard of—what exactly is he betting on?

He made it clear: neither of these two applications is perfect, and there is still a long way to go to achieve true user experience and security.

深潮2025/11/28 07:22
Vitalik donated 256 ETH to two chat apps you've never heard of—what exactly is he betting on?

Prediction Market Supercycle

金色财经2025/11/28 07:15
Prediction Market Supercycle