Spot Bitcoin and Ether ETFs Update

Spot bitcoin exchange-traded funds (ETFs) in the U.S. marked their fifth consecutive day of positive flows, attracting $39.42 million on Wednesday. In contrast, spot ether ETFs reported their fifth straight day of net outflows.

Bitcoin ETF Inflows

Grayscale’s mini bitcoin trust saw $14.2 million in net inflows yesterday. Additionally, both Fidelity and Bitwise spot bitcoin funds recorded around $10 million in inflows, according to SoSoValue data.

BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, recorded inflows of $8.35 million. Franklin Templeton’s EZBC saw inflows of $3.55 million, while Invesco’s BTCO experienced inflows of $2.46 million.

The only outflows came from Grayscale’s converted GBTC fund, which experienced $9.82 million in net outflows. The other six funds, including Ark and 21Shares’ ARKB, reported no flows for the day.

The total daily trading volume for the 12 bitcoin ETFs reached $1.42 billion on Wednesday, an increase from $1.35 billion on Tuesday. Since their launch, the funds have accumulated a total of $17.56 billion in net inflows.

Ether ETFs Continue to See Outflows

In contrast, spot ether ETFs reported $17.97 million in net outflows on Wednesday. Grayscale’s ETHE was the only ether ETF to experience negative flows with $31.14 million in net outflows.

Fidelity’s FETH recorded the day’s largest net inflows at $7.93 million, followed by Grayscale Ethereum Mini Trust with $4.24 million. Franklin Templeton’s ether fund also attracted $1 million in net inflows.

The trading volume for nine ether ETFs reached $201 million on Wednesday, up from $194.66 million on Tuesday. The total cumulative net outflows for ether ETFs now stand at $458.08 million.

Bitcoin’s price remains volatile, fluctuating around the $60,000 mark. It rose 2.33% over the past 24 hours, trading at $60,735, while ether rose 1.09% to $2,621.