Spot Bitcoin Exchange-Traded Funds

Spot bitcoin exchange-traded funds (ETFs) in the U.S. recorded their fifth consecutive day of total net inflows on Wednesday, totaling $105.84 million.

BlackRock’s IBIT, the largest bitcoin ETF by net assets, reported daily net inflows of $184.38 million yesterday, according to data from SoSoValue. The only other fund with net inflows on Wednesday was Bitwise’s BITB, which saw $2.07 million flow into the ETF.

Ark Invest and 21Shares’ ARKB experienced $47.41 million net outflows on Wednesday, along with $33.19 million in net outflows from Fidelity’s FBTC. The remaining eight funds, including Grayscale’s GBTC, reported zero flows for the day.

The twelve spot bitcoin funds recorded a daily trade volume of $795.88 million on Wednesday, down from $1.11 billion on Tuesday. Since their launch in January, these ETFs have accumulated a total net inflow of $17.94 billion.

Ether ETFs Extend Inflows

Spot ether ETFs saw net inflows on Wednesday, totaling $43.23 million. Grayscale’s Ethereum ETH Mini Trust led these inflows with $26.63 million worth of positive movement.

BlackRock’s ETHA recorded net inflows of $9.38 million, followed by $6.45 million from Fidelity’s FETH. 21Shares’ CETH noted inflows of approximately $774,100, marking its first net inflows since July 31.

On Wednesday, the nine ether ETFs had a combined trade volume of $124.18 million. Since their introduction in July, these funds have recorded total net outflows of $580.94 million.

In related news, the U.S. Securities and Exchange Commission postponed its decision on the listing and trading options for BlackRock, Bitwise, and Grayscale’s Ethereum ETFs. This decision, initially expected on Thursday, is now scheduled for November.

Meanwhile, bitcoin’s price fell by 0.99% over the past 24 hours to $63,565, according to The Block’s crypto price page. Ether’s price dipped 0.58% to $2,610 in the same timeframe.