Spot BTC ETFs See Fifth Consecutive Day Of Inflows, While Ether ETFs Continue Bleeding

Author: Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Aug 22, 2024 12:22

The spot Bitcoin ETFs have witnessed their fifth consecutive day of positive flows, drawing in $39.42 million on Wednesday. Grayscale’s mini bitcoin trust reported $14.2 million in net inflows yesterday, and the spot bitcoin funds from Fidelity and Bitwise both recorded around $10 million in inflows. BlackRock’s IBIT saw $8.35 million in inflows, Franklin Templeton’s EZBC witnessed $3.55 million flow into the fund, and Invesco’s BTCO experienced inflows of $2.46 million. Grayscale’s converted GBTC fund was the only one with net outflows of $9.82 million. On the contrary, spot Ether ETFs experienced their fifth straight day of net outflows.