SPOT BITCOIN ETF SPOT ETHEREUM ETF

US spot bitcoin ETFs saw $479 million in net inflows yesterday, highest in two weeks

theblock.co 29/10/2024 - 07:38 AM

U.S. Bitcoin ETF Inflows

U.S. spot bitcoin exchange-traded funds recorded $479.35 million in net inflows on Monday, marking their largest daily inflows in two weeks.

BlackRock’s IBIT Leads Inflows

BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, led the inflows with $315.19 million on Monday, according to SoSoValue data. This extended the fund’s positive flow streak to 11 days.

Ark and 21Shares’ ARKB logged $59.78 million in inflows, while Fidelity’s FBTC saw inflows of $44.12 million. Bitwise’s BITB and Grayscale’s BTC also experienced inflows, gaining $38.67 million and $21.59 million respectively. The seven other spot bitcoin ETFs experienced zero flows.

The total daily trading volume for these 12 ETFs reached $3 billion on Monday, an increase from $2.9 billion on Friday.

Bitcoin traded up 4.75% over the past 24 hours at $71,200, marking a new high since June. Ether climbed 5.11% to $2,619.

Ether ETFs Experience Outflows

In contrast, spot Ethereum ETFs in the U.S. recorded $1.14 million in net outflows on Monday, down from $19.16 million in net outflows on Friday.

Grayscale’s ETHE was the only spot ether ETF to register net outflows, with $8.44 million exiting the product. This outflow was partially offset by inflows of $5.02 million into Fidelity’s FETH and $2.28 million into BlackRock’s ETHA, indicating a shift in investments toward these products. The six other spot ether ETFs had zero flows.

The total trading volume of these nine ETFs decreased to $187.49 million on Monday, slightly down from $189.88 million on Friday.




Comments (0)

    Greed and Fear Index

    Note: The data is for reference only.

    index illustration

    Extreme Greed

    84