Bitcoin exchange-traded funds (ETFs) in the United States continued their positive streak, attracting significant inflows for the fifth consecutive day. Spot bitcoin ETFs drew in a total of $39.42 million on Wednesday, while spot ether ETFs experienced their fifth straight day of net outflows.
Grayscale’s mini bitcoin trust, which has seen steady growth, reported $14.2 million in net inflows yesterday. Other notable inflows came from Fidelity and Bitwise’s spot bitcoin funds, both of which recorded around $10 million. BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, also saw a healthy influx of $8.35 million.
However, not all bitcoin ETFs experienced positive flows. Grayscale’s converted GBTC fund reported net outflows of $9.82 million, while six other funds, including Ark and 21Shares’ ARKB, recorded zero flows for the day. Despite the mixed performance, the total daily trading volume for the 12 bitcoin ETFs reached $1.42 billion on Wednesday, up from $1.35 billion on Tuesday. Since their launch, these funds have accumulated a total of $17.56 billion in net inflows.
Meanwhile, spot ether ETFs continued to struggle, with net outflows of $17.97 million on Wednesday. Grayscale’s ETHE was the only ether ETF to experience significant negative flows, with $31.14 million in net outflows. Fidelity’s FETH recorded the day’s largest net inflows at $7.93 million, followed by Grayscale’s Ethereum Mini Trust with $4.24 million.
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The trading volume for nine ether ETFs amounted to $201 million on Wednesday, up from $194.66 million on Tuesday. Their total cumulative net outflows grew to $458.08 million.
Bitcoin’s price continued to fluctuate around the $60,000 level, climbing 2.33% in the past 24 hours to trade at $60,735. Ether rose 1.09% to $2,621.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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