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Reported by The Block: U.S. spot bitcoin ETFs saw its fifth day of net inflows, while ether funds saw their fifth daily net outflows.
Spot bitcoin exchange-traded funds in the U.S. hit their fifth consecutive day of positive flows, drawing in $39.42 million on Wednesday. Spot ether ETFs, on the other hand, experienced their fifth straight day of net outflows.
Grayscale’s mini bitcoin trust reported $14.2 million in net inflows yesterday, along with spot bitcoin funds from Fidelity and Bitwise, which both recorded around $10 million in inflows, according to SoSoValue data.
BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, recorded $8.35 million in inflows. Franklin Templeton’s EZBC saw $3.55 million flow into the fund, and Invesco’s BTCO experienced inflows of $2.46 million.
The only net outflows came from Grayscale’s converted GBTC fund, which saw $9.82 million move away from the ETF. The six other funds, including Ark and 21Shares’ ARKB, reported zero flows for the day.
The total daily trading volume for the 12 bitcoin ETFs reached $1.42 billion on Wednesday, up from $1.35 billion on Tuesday. Since their launch, the funds have so far accumulated $17.56 billion in total net inflows.
Ether ETFs continue to see outflows
Meanwhile, spot ether ETFs reported net outflows of $17.97 million on Wednesday. Grayscale’s ETHE was the only ether ETF to experience negative flows, with $31.14 million in net outflows.
Fidelity’s FETH recorded the day’s largest net inflows at $7.93 million, followed by Grayscale Ethereum
ETH +1.63%
Mini Trust with $4.24 million. Franklin Templeton’s ether fund also saw $1 million in net inflows.
The trading volume for nine ether ETFs amounted to $201 million on Wednesday, up from $194.66 million on Tuesday. Their total cumulative net outflows grew to $458.08 million.
Bitcoin’s price continues to fluctuate around the $60,000 level. It climbed 2.33% in the past 24 hours to trade at $60,735. Ether rose 1.09% to $2,621.
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