Bitcoin (BTC) Exchange-Traded Funds (ETFs) in the U.S. Reported Net Inflows of $64.91 Million on August 22, 2024

On Thursday, August 22, 2024, Bitcoin exchange-traded funds (ETFs) in the U.S. reported net inflows of $64.91 million, marking the sixth consecutive day of positive flows.

Bitcoin exchange-traded funds (ETFs) in the U.S. saw a net inflow of $64.91 million on August 22, continuing a six-day streak of positive flows amid market volatility.

Among Bitcoin ETFs, the largest net inflows were recorded by BlackRock's IBIT ($75.49 million), followed by Fidelity's FBTC ($9.23 million) and Ark and 21Shares' ARKB ($7.83 million).

On the other hand, Grayscale's ETF (GBTC) saw net outflows of $28.36 million, while Bitwise's BITB reported $11.5 million in net outflows.

The total trading volume for the 12 Bitcoin ETFs amounted to $889.67 million, lower than the $1.42 billion recorded the previous day.

Meanwhile, Ethereum ETFs in the U.S. faced net outflows on Thursday, totaling $874,610 a significant drop from the $17.97 million in outflows reported the day before.

The Grayscale Ethereum Trust (ETHE) continued its negative streak with $19.84 million in net outflows, being the only Ethereum ETF to report outflows on the day.

However, some Ethereum ETFs managed to attract capital. Fidelity's FETH recorded $14.33 million, Grayscale's Ethereum Mini Trust (ETH) saw $3.68 million, and VanEck's ETHV had $954,100 in inflows. The other five ETH ETFs reported no changes in flows.

The total trading volume for Ethereum ETFs decreased to $93.87 million, down from $201 million the previous day.

Bitcoin (BTC) is trading at $61,528.83 with a daily increase of 1.8%, while Ethereum (ETH) is trading at $2,675.93 after a 2.9% rise in the last session.

The total market capitalization for cryptocurrencies has increased by 2.2%, reaching $2.18 trillion, as per the latest data from CoinMarketCap.

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