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US spot bitcoin exchange-traded funds started the week with net inflows that were more than five times larger than those into spot ethereum ETFs.
According btc-spot” target=”_blank” rel=””>data According to SoSoValue, the 12 bitcoin spot ETFs saw inflows of $27.87 million on Aug. 12, a change from outflows of $45.14 million recorded on Aug. 9.
Interestingly, ARK 21Shares’ ARKB led the pack with $35.4 million, bringing its total inflows since launch to $2.45 billion. BlackRock’s IBIT followed with $13.4 million, being the only one to record a second consecutive day of inflows.
Grayscale's bitcoin mini trust fund saw the fewest inflows at $7.9 million.
These inflows managed to offset the $11.8 million that left Grayscale’s GBTC, which has lost more than $19.46 billion since its launch. The remaining ETFs did not see any flows during the day.
Trading volume for these offerings increased to $1.3 billion, down from $1.27 billion on Aug. 12. Cumulative net inflows into btc spot ETFs stood at $17.37 billion.
In contrast, the nine spot ethereum ETFs saw smaller net inflows totaling eth-spot” target=”_blank” rel=””>$4.93 million the same day, marking the end of three days of net outflows.
Fidelity’s FETH led the charge with $4 million in inflows, followed by Bitwise’s ETHW and Franklin Templeton’s EZET with $2.9 million and $1 million respectively.
Meanwhile, VanEck’s ETHV recorded its first day of outflows since launch, with $2.90 outflow. Flows to the other offerings remained neutral.
However, the nine Ether ETFs saw a large increase in trading volume to $285.96 million. Year-to-date, these funds have seen cumulative net outflows of $401.01 million.
At the time of writing, bitcoin (btc) was trading at $59,105, while ethereum (eth) was at $2,641.
