US Spot Bitcoin Exchange Traded Funds (ETFs) Experience 8th Consecutive Day of Positive Inflows! Here Are the Details
US spot Bitcoin exchange-traded funds (ETFs) continued their momentum on Monday, recording net inflows of $61.3 million.
U.S. spot Bitcoin exchange-traded funds (ETFs) continued their momentum on Monday, recording net inflows of $61.3 million, marking the eighth consecutive day of positive inflows. The investments underscore the continuing interest in Bitcoin products.
Leading the inflows was BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, which attracted $72.15 million on Monday. Fidelity’s FBTC also saw solid growth, bringing in $8.32 million.
However, not all ETFs have followed this trend, with Ark and 21Shares’ ARKB reporting net outflows of $9.5 million on Monday, following significant inflows of $203.07 million last Friday. Bitwise’s BITB saw a similar move with net outflows of $9.67 million.
Grayscale’s GBTC, which saw rare daily inflows of $26.15 million last Friday, reported no inflows or outflows on Monday, while the remaining seven spot Bitcoin ETFs also saw zero inflows.
Total trading volume across these 12 Bitcoin ETFs fell to $1.37 billion on Monday from $1.87 billion on Friday.
In comparison, US spot Ethereum ETFs saw net outflows of $822,290 on Monday following massive inflows of $58.65 million last Friday.
Grayscale Ethereum Trust (ETHE) saw $11.81 million exit the fund, while BlackRock’s ETHA recorded a net inflow of $10.99 million, marking its fifth consecutive day of gains.
Like Bitcoin ETFs, Ethereum ETF trading volume fell, with total volume falling to $149.14 million from $249.09 million on Friday.
*This is not investment advice.
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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