Spot Bitcoin ETFs see $27.87m inflows, outpacing Ethereum ETFs by wide margin

Spot Bitcoin exchange-traded funds in the US started the week with more than five times the net inflows of spot Ethereum ETFs.

According to SoSoValue data, $27.87 million worth of inflows were seen across 12 spot Bitcoin ETFs on August 12. This is in contrast to the $45.14 million outflow recorded on August 9.

Interestingly, ARK 21Shares’ ARKB led the lot with $35.4 million, bringing its total inflows since launch to $2.45 billion. BlackRock’s IBIT followed with $13.4 million inflows, becoming the only company to record a second consecutive day of inflows.

Grayscale’s Bitcoin mini trust fund had the least inflows, with $79 million in inflows.

These inflows managed to offset the $11.8 million that left Grayscale’s GBTC, which has lost more than $19.46 billion since launch. The remaining ETFs saw no inflows on the day.

The trading volume of these offerings rose to $1.3 billion, down from the $1.27 billion seen on Aug. 12. Cumulative net inflows into spot BTC ETFs stood at $17.37 billion.

Meanwhile, smaller net inflows totaling $4.93 million were recorded across nine spot Ethereum ETFs on the same day, ending three days of net outflows.

Fidelity’s FETH led the rise with an inflow of $4 million, followed by Bitwise’s ETHW and Franklin Templeton’s EZET with $2.9 million and $1 million, respectively.

Meanwhile, VanEck’s ETHV recorded its first day of growth since launch, flowing in $2.9. Flows to other offerings remained neutral.

But nine Ether ETFs saw a big jump in trading volume, reaching $285.96 million. To date, these funds have seen a total net outflow of $401.01 million.

At press time, Bitcoin (BTC) was trading at $59,105 and Ethereum (ETH) was trading at $2,641.