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Aug 08, 2024

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SOC Team

US Bitcoin and Ethereum ETF Net Inflows Update on August 8, 2024

The US Spot ETF Net Inflows on August 7, 2024, are recorded at +$45M for BTC and -$24M for ETH.

 

Fig 1. The US Bitcoin and Ethereum ETF inflows.

 

1. Key statistics for 11 Bitcoin Spot ETFs: +$45M

  • The net flow turned positive again after 3 days of being strongly negative!
  • BlackRock's iShares Bitcoin Trust (IBIT) had the largest inflow of the day at $52.5M.
  • Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB), however, have had non-positive flow for 14 consecutive trading days.
  • The cumulative total net inflow after 144 trading days now stands at $17.23B.

 

Fig 2. 30-Day Net Inflow of 11 Bitcoin ETFs.

 

2. Key statistics for 9 Ethereum Spot ETFs: -$24M

  • The net flow turned negative again after 2 days of being positive.
  • Grayscale Ethereum Trust (ETHE) continued to see a smaller outflow.
  • However, 6 out of the other 8 US ETH ETFs, excluding Bitwise Ethereum ETF (ETHW) and Franklin Ethereum ETF (EZET), also had smaller inflows yesterday.
  • The cumulative total net inflow after 12 trading days now stands at -$388M.

 

Fig 3. 12-Day Net Inflow of 9 Ethereum ETFs.

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