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Here’s How U.S. Crypto ETFs Performed on Aug. 6 After The Market Crash.

Cryptodnes2024/08/07 09:18
By:Cryptodnes

Spot Bitcoin exchange-traded funds in the U.S. recorded net outflows of $148.5 million on Tuesday, continuing Monday's outflows.

According to Farside, Fidelity’s FBTC led the outflows with $64.5 million, followed by Grayscale’s GBTC converted fund with $32.2 million and Ark Invest and 21Shares’ ARKB with $28.9 million.

Franklin Templeton’s Bitcoin fund (EZBC) also declined, losing $23 million.

Interestingly, BlackRock’s IBIT, the largest spot Bitcoin ETF by net asset value, reported zero flows on Tuesday, along with seven other funds.

READ MORE:
Tezos Co-Founder Slams Bitcoin’s Store of Value Claim as Market Crashes

On the other hand, spot Ethereum ETFs saw net inflows on Tuesday, totaling a positive $98.4 million, continuing Monday’s positive results when just under $49 million was raised.

The largest inflow was recorded by BlackRock’s ETHA, which notched $109.9 million. Fidelity’s FETH had inflows of $22.5 million, Grayscale’s minifund (ETH) attracted $4.7 million, and Franklin Templeton’s saw $1 million in inflows.

Grayscale’s ETHE, on the other hand, experienced the weakest outflows since its inception, with just $39.7 million leaving, well down on the $484 million it recorded at launch.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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