U.S. Bitcoin ETFs See Continued Net Inflows

U.S. spot bitcoin exchange-traded funds recorded $61.3 million in net inflows on Monday, extending their streak of positive flows to eight days.

BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, saw $72.15 million flow into the product, according to SosoValue data. Fidelity’s FBTC reported net inflows of $8.32 million.

Ark and 21Shares’ ARKB experienced $9.5 million in net outflows on Monday after logging significant inflows of $203.07 million last Friday. Bitwise’s BITB saw $9.67 million in daily net outflows.

Grayscale’s GBTC logged zero flows on Monday after recording rare daily inflows of $26.15 million on Friday. The seven other spot bitcoin ETFs also reported zero flows.

The total trading volume of these 12 ETFs shrank to $1.37 billion on Monday, down from $1.87 billion on Friday.

Ether ETFs Experience Modest Outflows

Meanwhile, the spot Ethereum ETFs in the U.S. recorded $822,290 in net outflows on Monday, following inflows of $58.65 million last Friday.

The Grayscale Ethereum Trust (ETHE) continued to report outflows, with $11.81 million exiting the fund on Monday. BlackRock’s ETHA recorded net inflows of $10.99 million, marking the fund’s fifth consecutive day of inflows. The seven other spot ether ETFs logged zero flows.

The nine spot ether ETFs saw their total trading volume decrease to $149.14 million on Monday, compared to $249.09 million on Friday.

Bitcoin dipped 1.17% over the past 24 hours to trade at around $63,765, while ether edged up 0.26% to change hands at $2,640 at the time of writing, according to The Block’s price page.