Spot Bitcoin and Ethereum ETFs record second day of joint inflows streak

Spot Bitcoin and Ethereum exchange-traded funds in the US continue to rise with positive inflows for the second day in a row this week.

According to data from SoSoValue, a total of $38.94 million in inflows were recorded across 12 spot Bitcoin ETFs on August 13. This represents a nearly 40% increase from the $27.87 million recorded the previous day.

BlackRock’s IBIT fund led the way with $34.6 million in inflows, bringing its total to $20.36 billion since launch. It was the only Bitcoin ETF to see two consecutive days of inflows.

Other notable inflows included $22.6 million into Fidelity’s FBTC and $16.5 million into Bitwise’s BITB. These gains helped offset the $28.6 million outflow from Grayscale’s GBTC, which has seen a total outflow of $19.49 billion since its inception.

There was no movement in other Bitcoin ETFs on the same day.

Trading volume for Bitcoin ETFs fell to $1.18 billion from $1.3 billion on Aug. 12. Cumulative net inflows into spot Bitcoin ETFs stood at $17.4 billion.

In contrast, nine spot Ethereum ETFs saw a significant increase in investor interest, with net inflows reaching $24.3 million on August 13, a significant increase from the modest $5 million recorded the day before.

BlackRock’s ETHA is once again on the rise after a day of no flows, with $49.1 million in inflows, according to data from SoSoValue.

Fidelity’s FETH and Invesco Galaxy’s QETH also saw inflows of $5.4 million and $0.8 million respectively. This was the first day of inflows for Invesco’s Ethereum ETF since its launch.

Grayscale’s ETHE fund has seen $31 million in outflows since its launch, bringing total outflows to $2.32 billion.

Despite the inflows, trading volume for Ethereum ETFs has dropped significantly to $190.76 million. Overall, these funds have experienced cumulative net outflows of $376.67 million year to date.

At press time, Bitcoin (BTC) was trading at $60,786 and Ethereum (ETH) was trading at $2,726.