Spot Bitcoin ETFs Report Positive Flows

Spot bitcoin exchange-traded funds in the U.S. returned to positive flows on Wednesday, reporting $45.14 million in net inflows. This follows about $554 million leaving bitcoin ETFs over the previous three trading days.

According to data from SoSoValue, BlackRock’s IBIT led inflows with $52.52 million yesterday. Following closely was WisdomTree’s BTCW with $10.5 million, marking its largest inflow to date. Grayscale’s Bitcoin Mini Trust added $9.71 million, while Bitwise’s BITB recorded $3 million in net inflows.

However, Grayscale’s converted GBTC fund was the sole bitcoin ETF to see net outflows on Wednesday, with outflows of $30.58 million. Seven other funds, including Fidelity’s FBTC and VanEck’s HODL, experienced no flows for the day.

On Wednesday, the total trading volume for spot bitcoin ETFs was $1.79 billion, down from $2.2 billion on Tuesday. The 12 funds have accumulated a total net inflow of $17.23 billion since their launch in January.

Ether ETFs Turn to Negative Flows

In contrast, spot Ethereum (ETH) ETFs experienced net outflows, losing $23.68 million yesterday, primarily led by Grayscale’s ETHE, which saw $31.86 million in outflows.

On a positive note, Fidelity’s FETH recorded $4.7 million in net inflows, and spot ether funds from Bitwise and Franklin Templeton also reported net inflows.

The total daily trading volume for ether ETFs reached $322.85 million, and since the July 23 listing, the funds have accrued $387.35 million in net outflows.

As for prices, bitcoin dropped 0.57% over the last 24 hours to $56,943.41, while ether decreased 3.67% to $2,431.81, according to The Block’s crypto price page.