<p><span style="font-weight: 400;">Spot bitcoin exchange-traded funds in the U.S. saw $202.51 million in total daily net inflows on Monday, marking their eighth consecutive day of positive flows. The 12 bitcoin funds have drawn in $756 million over the past eight trading days.</span></p> <p><span style="font-weight: 400;">Monday’s largest net inflows came from BlackRock’s IBIT fund, totaling $224.06 million, its largest daily inflows since July 22, according to <a href="https://sosovalue.xyz/assets/etf/us-btc-spot">data</a> from SoSoValue. Two other funds saw smaller net inflows: Franklin Templeton’s EZBC recorded $5.52 million and WisdomTree’s BTCW logged $5 million in net inflows.</span></p> <p><span style="font-weight: 400;">Bitwise’s BITB recorded outflows of $16.61 million, the largest net outflows on Monday, followed by $8.33 million from Fidelity’s FBTC. VanEck’s HODL also saw $7.18 million move out of the fund. The six other funds, including Grayscale’s GBTC, experienced zero flows for the day.</span></p> <p><span style="font-weight: 400;">The spot bitcoin funds' trading volume shrank to $1.2 billion yesterday from $3.12 billion last Friday, reverting to typical levels. The funds have accumulated total net inflows of $18.08 billion since their January inception.</span></p> <h2><b>Ether continues to experience outflows</b></h2> <p><span style="font-weight: 400;">Meanwhile, U.S. spot ether funds remained on the opposite track, reporting their eighth consecutive day of negative flows.</span></p> <p><span style="font-weight: 400;">Monday saw $13.23 million in net outflows from ether funds, led by $9.52 million from Grayscale’s ETHE. Fidelity’s FETH saw outflows of $2.69 million, while Franklin Templeton reported $1.02 million in net outflows. No spot ether ETFs recorded positive flows on Monday.</span></p> <p><span style="font-weight: 400;">Spot ether funds saw $125.73 million in trading volume on Monday. They have accumulated total net outflows of $477.88 million.</span></p> <p>Bitcoin traded down 1.54% over the past 24 hours to $63,077, while ether slid 2.26% to change hands at $2,689 at the time of writing, according to <a href="https://www.theblock.co/prices">The Block's price page</a>.</p><br /><span class="copyright"><p>Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in <a href="https://www.foresightventures.com/portfolio">other companies</a> in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current <a href="https://www.theblock.co/financial-disclosures">financial disclosures</a>.</p> <p>© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>
