U.S. Spot Bitcoin and Ethereum ETFs Performance

U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded a modest $299,000 in net daily inflows on Wednesday, while spot Ethereum (ETH) ETFs faced significant outflows of $77.21 million.

Bitcoin ETF Inflows

Only two spot Bitcoin ETFs noted inflows: BlackRock’s IBIT with $20.99 million and the Grayscale Bitcoin Mini Trust with $18 million, which began trading Wednesday, according to SosoValue data. Fidelity’s FBTC experienced outflows of $31.57 million, while Ark and 21Shares’ ARKB had outflows of $4.61 million. Bitwise’s BITB saw a decrease of $2.51 million, and other spot Bitcoin ETFs yielded no flows.

The trading volume for spot Bitcoin ETFs was $1.37 billion on Wednesday, unchanged from Tuesday.

Spot Ether ETF Outflows

Meanwhile, the nine U.S. spot Ethereum ETFs recorded $77.21 million in net outflows. The Grayscale Ethereum Trust (ETHE) has seen daily outflows since its July 23 debut, recording $133.33 million in outflows on Wednesday, making it the only spot ether fund with outflows for the day.

The Grayscale Ethereum Mini Trust had the highest net inflows at $19.54 million, followed by Fidelity’s FETH with $18.8 million, BlackRock’s ETHA with $4.98 million, and VanEck’s ETHV with $4.81 million. Bitwise’s ETHW gained $4.71 million, and 21Shares’ CETH saw a net inflow of $3.28 million. The remaining two spot ether ETFs reported no flows.

The total trading volume for the nine spot ether ETFs decreased to $472.5 million on Wednesday, down from $563.22 million on Tuesday.