search
Homeweb3.0Spot Bitcoin ETFs Gain, While Ethereum ETFs Shed Losses

Spot Bitcoin ETFs Gain, While Ethereum ETFs Shed Losses

Aug 09, 2024 am 12:57 AM
Inflows Ether ETFs OutflowsUS Spot Bitcoin ETFs

U.S. spot bitcoin exchange-traded funds (ETFs) reported inflows on Wednesday, while spot ether ETFs experienced net outflows.

Spot Bitcoin ETFs Gain, While Ethereum ETFs Shed Losses

U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows on Wednesday, while spot ether ETFs experienced net outflows. According to data from sosovalue.xyz , the 12 spot bitcoin ETFs collectively gained $45.14 million, whereas $23.68 million exited ethereum ETFs.

Spot Bitcoin ETFs Gain, While Ethereum ETFs Shed Losses

The 12 U.S. spot bitcoin ETFs saw positive gains on Wednesday, with Blackrock’s IBIT ETF leading the pack by securing $52.52 million in inflows. Among the four funds that registered net gains, Wisdom Tree’s BTCW attracted $10.5 million, Grayscale’s Bitcoin Mini Trust (BTC) absorbed $9.71 million, and Bitwise’s BITB recorded $2.99 million. On the other hand, Grayscale’s Bitcoin Trust (GBTC) saw $30.58 million in outflows, which tempered the day’s overall inflows.

The additional $45.14 million brings the cumulative net inflows since Jan. 11, 2024 to $17.23 billion. Notably, spot BTC ETFs recorded approximately $1.79 billion in trade volume. As of today, the 12 bitcoin ETFs have a combined value of $49.82 billion, which represents 4.58% of bitcoin’s total market capitalization.

In contrast to bitcoin ETFs, ethereum-based ETFs lost $23.68 million on Wednesday. This marks a significant shift, as the ether ETFs had recorded net inflows of $33.33 million on Tuesday. Cumulatively, the net outflows from spot ether ETFs now total $387.35 million since July 23, 2023.

Only three ETFs recorded inflows, with Fidelity’s FETH fund leading the way by securing $4.7 million in inflows. Moreover, Invesco’s QETH followed with $1.79 million, and Bitwise’s ETHW added $1.69 million. Grayscale’s ETHE led in outflows, losing $31.86 million on Wednesday, bringing the total reduction in ETH holdings to $2.23 billion to date.

What do you think about Wednesday’s spot bitcoin and spot ether exchange-traded fund action? Share your thoughts in the comments section below.

The above is the detailed content of Spot Bitcoin ETFs Gain, While Ethereum ETFs Shed Losses. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
amazon project kuiper satellite launchamazon project kuiper satellite launchApr 10, 2025 pm 05:36 PM

Amazon's Project Kuiper satellite launch was postponed due to unfavorable weather conditions. The delay was likely influenced by factors such as high-altitude wind shear, lightning threats, and high surface winds, which are common hazards in space launches. This postponement highlights the need for meticulous planning and flexibility in the unpredictable environment of space operations.

Is Wall Street Quietly Backing Solana? $42 Million Bet Says YesIs Wall Street Quietly Backing Solana? $42 Million Bet Says YesApr 10, 2025 pm 12:43 PM

A group of former Kraken executives acquired U.S.-listed company Janover, which secured $42 million in venture capital funding to begin building a Solana (SOL) treasury.

Kevin O'Leary Urges Trump to Impose 400% Tariff on Chinese GoodsKevin O'Leary Urges Trump to Impose 400% Tariff on Chinese GoodsApr 10, 2025 pm 12:35 PM

Canadian businessman and investor Kevin O’Leary urged the Trump administration to impose a 400% tariff on Chinese goods, arguing that the current 104% tariff is insufficient to compel China to follow trade rules. O’Leary said these statements prior t

Regulatory roadblocks are crumbling as the U.S. Treasury signals a sweeping pivot toward blockchain, stablecoins, and digital assetsRegulatory roadblocks are crumbling as the U.S. Treasury signals a sweeping pivot toward blockchain, stablecoins, and digital assetsApr 10, 2025 pm 12:27 PM

U.S. Treasury Secretary Scott Bessent laid out a broad financial reform agenda at the Bankers Association Summit on April 9, pledging to remove regulatory barriers

China and Russia Have Started to Settle Some Trade Deals Using BitcoinChina and Russia Have Started to Settle Some Trade Deals Using BitcoinApr 10, 2025 pm 12:19 PM

According to a report by VanEck, China and Russia have started to settle some trade deals using Bitcoin.

Ethereum (ETH) Underperforms Bitcoin (BTC)Ethereum (ETH) Underperforms Bitcoin (BTC)Apr 10, 2025 pm 12:01 PM

underperformed Bitcoin on 85% of all trading days since it launched in 2015. The ETH/BTC ratio, which tracks the value of Ether relative to Bitcoin, dropped to a five-year low of 0.018

President Trump's Tariff Announcement Sent Bitcoin Dropping 5.4%President Trump's Tariff Announcement Sent Bitcoin Dropping 5.4%Apr 10, 2025 am 11:53 AM

In the world of cryptocurrencies, few events can shake things up like big government decisions. President Trump's recent tariff announcement did exactly that

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. Best Graphic Settings
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. How to Fix Audio if You Can't Hear Anyone
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
WWE 2K25: How To Unlock Everything In MyRise
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌

Hot Tools

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

DVWA

DVWA

Damn Vulnerable Web App (DVWA) is a PHP/MySQL web application that is very vulnerable. Its main goals are to be an aid for security professionals to test their skills and tools in a legal environment, to help web developers better understand the process of securing web applications, and to help teachers/students teach/learn in a classroom environment Web application security. The goal of DVWA is to practice some of the most common web vulnerabilities through a simple and straightforward interface, with varying degrees of difficulty. Please note that this software

SAP NetWeaver Server Adapter for Eclipse

SAP NetWeaver Server Adapter for Eclipse

Integrate Eclipse with SAP NetWeaver application server.

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

ZendStudio 13.5.1 Mac

ZendStudio 13.5.1 Mac

Powerful PHP integrated development environment