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Bitcoin ETPs Extend Inflows Streak to Six Days as Ether Funds See Modest Outflows

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2024-08-23 18:48:17672browse

U.S. spot bitcoin exchange-traded funds reported $64.91 million in net inflows on Thursday, extending their streak of positive flows to six days.

Bitcoin ETPs Extend Inflows Streak to Six Days as Ether Funds See Modest Outflows

U.S. spot bitcoin exchange-traded fund saw net inflows for the sixth day in a row on Thursday, with the largest ETF by net assets, BlackRock's IBIT, seeing $75.49 million in net inflows, data from SoSoValue showed.

The total net inflows for the 12 spot bitcoin ETFs on Thursday were $64.91 million, and the total trading volume was $889.67 million.

In comparison, the nine spot ether ETFs in the U.S. saw net outflows of $874,610 on Thursday, with the Grayscale Ethereum Trust (ETHE) seeing net outflows of $19.84 million.

The total daily trading volume for these spot ether ETFs was $93.87 million on Thursday.

The price of bitcoin edged up 0.34% over the past 24 hours to trade at $60,988 at the time of writing, while ether climbed 1.71% to $2,668, according to The Block's price page.

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