U.S. Bitcoin Exchange-Traded Funds (ETFs) Report

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.

BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, recorded the largest inflows on Thursday with $75.49 million in net inflows, according to data from SoSoValue.

Fidelity’s FBTC experienced inflows of $9.23 million, while Ark and 21Shares’ ARKB saw $7.83 million. WisdomTree’s BTCW followed with $4.8 million, Grayscale’s BTC with $4 million, and VanEck’s HODL with $3.41 million in net inflows.

Conversely, Grayscale’s GBTC, the second-largest spot bitcoin ETF, saw $28.36 million exit the fund, and Bitwise’s BITB logged $11.5 million in net outflows.

The total trading volume for the 12 spot bitcoin ETFs on Thursday was $889.67 million, significantly lower than the $1.42 billion recorded on Wednesday.

Ether ETFs Experience Modest Outflows

Meanwhile, the nine spot Ethereum ETFs in the U.S. recorded $874,610 in net outflows on Thursday, compared to $17.97 million the day before.

The Grayscale Ethereum Trust (ETHE) continued its streak of negative flows with $19.84 million in net outflows, being the only spot ether ETF to report outflows on the day.

Fidelity’s FETH recorded the most significant inflows of $14.33 million. The Grayscale Ethereum Mini Trust (ETH) experienced inflows of $3.68 million, and VanEck’s ETHV logged $954,100 in inflows, while the other five spot ether ETFs saw no flows.

These spot ether ETFs’ total daily trading volume shrank to $93.87 million on Thursday, down from $201 million on Wednesday.

The price of bitcoin edged up 0.34% to trade at $60,988, while ether climbed 1.71% to $2,668, according to The Block’s price page.