US spot Bitcoin ETFs log mere $299,000 in net inflows, Ethereum ETFs see $77 million in outflows
Quick Take
- U.S. spot Bitcoin ETFs recorded $299,000 in net daily inflows.
- The spot ether ETFs, meanwhile, experienced $77.2 million in net outflows after seeing $33.6 million flow into the funds on the previous day.
U.S. spot Bitcoin exchange-traded funds logged a mere $299,000 in net daily inflows on Wednesday, while spot Ethereum ETFs recorded $77.21 million in net outflows.
Only two spot Bitcoin ETFs logged net inflows — namely BlackRock IBIT’s $20.99 million and the Grayscale Bitcoin Mini Trust’s $18 million in net inflows, according to data from SosoValue. The Grayscale Bitcoin Mini Trust only began trading on Wednesday.
Fidelity’s FBTC saw $31.57 million flow out of the fund, while Ark and 21Shares’ ARKB experienced net outflows of $4.61 million. Bitwise’s BITB logged $2.51 million in net outflows. The rest of the spot Bitcoin ETFs had zero flows.
The trading volume for the spot Bitcoin ETFs amounted to $1.37 billion on Wednesday, remaining unchanged from Tuesday.
Spot Ether ETFs saw outflows
Meanwhile, the nine spot Ethereum ETFs in the U.S. recorded $77.21 million in net outflows. The Grayscale Ethereum Trust (ETHE) continued to log outflows every day since its July 23 debut, with $133.33 million in net outflows on Wednesday, according to SosoValue data. It was the only spot ether fund among the group to see outflows on the day.
The Grayscale Ethereum Mini Trust led the pack of positive flows with net inflows of $19.54 million. That was followed by Fidelity FETH’s $18.8 million, BlackRock ETHA’s $4.98 million and VanEck ETHV’s $4.81 million in net inflows.
Bitwise’s ETHW also experienced net inflows of $4.71 million, and 21Shares’ CETH saw $3.28 million in net inflows. The two other spot ether ETFs recorded zero flows.
The total trading volume of the nine spot ether ETFs was lower on Wednesday, reaching $472.5 million compared to $563.22 million on Tuesday.
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