Spot Bitcoin ETFs in the US saw an aggregate inflow of $202.6 million on Monday, Aug. 26, according to preliminary data from Farside Investors.<\/p>\n
This marks the second-largest day of inflows for the month and the eighth consecutive day in green for the investment products.<\/p>\n
Additionally, 12 of the past 14 trading days have seen positive flows for the spot Bitcoin ETFs<\/a> despite the underlying asset failing to move higher.<\/p>\n The BlackRock iShares Bitcoin Trust (IBIT) led the pack with its largest daily inflow since July 22 with $224 million inflows.\u00a0The Franklin Bitcoin ETF (EZBC) and the WisdomTree Bitcoin Fund (BTCW) were the only other two funds to see net inflows of $5.5 million and $5.1 million, respectively.<\/p>\n ETFs from Fidelity, Bitwise, and VanEck had a total net outflow of $32 million together. Meanwhile, Grayscale\u2019s two ETFs, GBTC and BTC, had net zero flows for the day.<\/p>\n Bitcoin ETF Flow (US$ million) \u2013 2024-08-26<\/p>\n TOTAL NET FLOW: 202.6<\/p>\n IBIT: 224.1 For all the data & disclaimers visit:https:\/\/t.co\/Wg6Qpn0Pqw<\/a><\/p>\n \u2014 Farside Investors (@FarsideUK) August 27, 2024<\/a><\/p>\n\n The inflows came amid a 6.5% BTC rally as prices reached $65,150 over the weekend and Monday before starting to retreat earlier today.<\/p>\n Institutional inflows for global crypto products have also turned positive. Asset manager CoinShares reported<\/a> that digital asset investment products saw weekly inflows worth $533 million last week.<\/p>\n The moves were catalyzed by a dovish pivot by the US central bank, with Federal Reserve Chair Jerome Powell almost confirming<\/a> that the first interest rate cut since March 2020 will likely occur in September.<\/p>\n Nevertheless, the same bullishness cannot be seen with US spot Ethereum ETFs, which saw their eighth consecutive day of outflows<\/a> on Monday.<\/p>\n Around $13.2 million exited Ethereum ETFs, with the majority leaving Grayscale\u2019s ETHE fund. Fidelity and Franklin also saw minor outflows, with the rest registering zero flows for the day.<\/p>\n Grayscale has shed $2.5 billion in assets under management from its ETHE fund, but this was expected, and the outflows are unlikely to be over just yet.<\/p>\n The continued exodus comes despite ETH prices recovering to their highest levels since the Aug. 5 crash, which occurred over the weekend at $2,800.\u00a0However, the asset has since retreated again, falling 1.8% on the day to $2,685 at the time of writing.<\/p>\n The post Bitcoin ETFs Still Seeing Solid Inflows as Ethereum ETF Exodus Continues<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Spot Bitcoin ETFs in the US saw an aggregate inflow of $202.6 million on Monday, Aug. 26, according to preliminary data from Farside Investors. This marks the second-largest day of inflows for the month and the eighth consecutive day in green for the investment products. Additionally, 12 of the past 14 trading days have seen […]<\/p>\n","protected":false},"author":0,"featured_media":1271,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/1270"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1270"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/1270\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/1271"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin ETFs Still Popular<\/h2>\n
FBTC: -8.3
BITB: -16.6
ARKB: 0
BTCO: 0
EZBC: 5.5
BRRR: 0
HODL: -7.2
BTCW: 5.1
GBTC: 0
BTC: 0<\/p>\nEthereum ETF Exodus Continues<\/h2>\n