US spot bitcoin ETFs extend inflows streak to eight days, logging $61.3 million on Monday
Quick Take
- Spot bitcoin ETFs in the U.S. reported daily net inflows of $61.3 million on Monday.
- BlackRock’s IBIT led the inflows, with $72.15 million flowing into the fund.
U.S. spot bitcoin exchange-traded funds recorded $61.3 million in net inflows on Monday, extending their streak of positive flows to eight days.
BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, saw $72.15 million flow into the product, according to SosoValue data. Fidelity’s FBTC reported net inflows of $8.32 million.
Ark and 21Shares’ ARKB experienced $9.5 million in net outflows on Monday after logging significant inflows of $203.07 million last Friday. Bitwise’s BITB saw $9.67 million in daily net outflows.
Grayscale’s GBTC logged zero flows on Monday after recording rare daily inflows of $26.15 million on Friday. The seven other spot bitcoin ETFs also reported zero flows.
The total trading volume of these 12 ETFs shrank to $1.37 billion on Monday, down from $1.87 billion on Friday.
Ether ETFs experienced modest outflows
Meanwhile, the spot Ethereum ETFs in the U.S. recorded $822,290 in net outflows on Monday, following inflows of $58.65 million last Friday.
The Grayscale Ethereum Trust (ETHE) continued to report outflows, with $11.81 million exiting the fund on Monday. BlackRock’s ETHA recorded net inflows of $10.99 million, marking the fund’s fifth consecutive day of inflows. The seven other spot ether ETFs logged zero flows.
The nine spot ether ETFs saw their total trading volume decrease to $149.14 million on Monday, compared to $249.09 million on Friday.
Bitcoin dipped 1.17% over the past 24 hours to trade at around $63,765, while ether edged up 0.26% to change hands at $2,640 at the time of writing, according to The Block’s price page.
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