Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Spot bitcoin ETFs see eighth day of inflows, led by BlackRock's $224 million

Spot bitcoin ETFs see eighth day of inflows, led by BlackRock's $224 million

The BlockThe Block2024/08/26 16:00
By:The Block

Quick Take U.S. spot bitcoin ETFs reported $202 million in net inflows on Monday, marking their eighth consecutive day of positive flows. Ether ETFs recorded another day of total net outflows.

Spot bitcoin exchange-traded funds in the U.S. saw $202.51 million in total daily net inflows on Monday, marking their eighth consecutive day of positive flows. The 12 bitcoin funds have drawn in $756 million over the past eight trading days.

Monday’s largest net inflows came from BlackRock’s IBIT fund, totaling $224.06 million, its largest daily inflows since July 22, according to data from SoSoValue. Two other funds saw smaller net inflows: Franklin Templeton’s EZBC recorded $5.52 million and WisdomTree’s BTCW logged $5 million in net inflows.

Bitwise’s BITB recorded outflows of $16.61 million, the largest net outflows on Monday, followed by $8.33 million from Fidelity’s FBTC. VanEck’s HODL also saw $7.18 million move out of the fund. The six other funds, including Grayscale’s GBTC, experienced zero flows for the day.

The spot bitcoin funds' trading volume shrank to $1.2 billion yesterday from $3.12 billion last Friday, reverting to typical levels. The funds have accumulated total net inflows of $18.08 billion since their January inception.

Ether continues to experience outflows

Meanwhile, U.S. spot ether funds remained on the opposite track, reporting their eighth consecutive day of negative flows.

Monday saw $13.23 million in net outflows from ether funds, led by $9.52 million from Grayscale’s ETHE. Fidelity’s FETH saw outflows of $2.69 million, while Franklin Templeton reported $1.02 million in net outflows. No spot ether ETFs recorded positive flows on Monday.

Spot ether funds saw $125.73 million in trading volume on Monday. They have accumulated total net outflows of $477.88 million.

Bitcoin traded down 1.54% over the past 24 hours to $63,077, while ether slid 2.26% to change hands at $2,689 at the time of writing, according to The Block's price page .


0
0

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

With retail investors leaving, what will drive the next bull market?

Bitcoin has recently plummeted by 28.57%, leading to market panic and a liquidity crunch. However, long-term structural positives are converging, including expectations of Federal Reserve rate cuts and SEC regulatory reforms. The market currently faces a contradiction between short-term pressures and long-term benefits. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved.

MarsBit2025/12/09 22:59
With retail investors leaving, what will drive the next bull market?

Tether's "son" STABLE crashes? Plunges 60% on first day, whale front-running and no CEX listing spark trust panic

The Stable public blockchain has launched its mainnet. As a project associated with Tether, it has attracted significant attention but performed poorly in the market, with its price plummeting by 60% and facing a crisis of confidence. It is also confronted with fierce competition and challenges related to its tokenomics. Summary generated by Mars AI. The accuracy and completeness of the content are still being iteratively updated.

MarsBit2025/12/09 22:59
Tether's "son" STABLE crashes? Plunges 60% on first day, whale front-running and no CEX listing spark trust panic

From "Crime Cycle" to Value Reversion: Four Major Opportunities for the Crypto Market in 2026

We are undergoing a “purification” that the market needs, which will make the crypto ecosystem better than ever before, potentially improving it tenfold.

深潮2025/12/09 21:49
From "Crime Cycle" to Value Reversion: Four Major Opportunities for the Crypto Market in 2026
© 2025 Bitget