Aug 08, 04:01
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.