Spot Bitcoin ETFs see inflows of $64.8m, Ether ETFs outflows drop to $874k

Spot Bitcoin ETFs saw net inflows for the sixth consecutive day, while spot Ether ETFs continue to record net outflows, adding to a six-day streak of negative flows.

According to SoSoValue data, 12 spot Bitcoin exchange-traded funds recorded net inflows of $64.91 million on August 22. This represents a 65% increase from the net inflows of $39.42 million seen on August 21.

BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, led the rally with reported inflows of $75.5 million, bringing its total inflows to date to $20.6 billion. Fidelity’s FBTC and ARK 21Shares’ ARKB followed with inflows of $9.2 million and $7.8 million, respectively.

Meanwhile, WisdomTree’s BTCW and VanEck’s HODL reported more modest inflows of $4.8 million and $3.4 million respectively after 9 days of inactivity.

Spot Bitcoin ETFs in/out | Source: SoSoValue

These inflows were offset by Grayscale’s GBTC, which recorded $28.4 million in outflows, bringing its total outflows since launch to $19.69 billion. However, the crypto asset manager’s mini Bitcoin trust ETF attracted $4 million in inflows. Bitwise’s BITB also reported $11.5 million in outflows. The remaining four BTC ETFs were neutral.

Trading volume for BTC ETFs fell to $899.6 million on Aug. 22, significantly lower than the $1.42 billion seen on Aug. 21. These funds have recorded cumulative net inflows of $17.62 billion since inception. At press time, Bitcoin (BTC) was trading at $61,058, up 0.3% over the past day, according to data from crypto.news.

Meanwhile, nine-point Ethereum ETFs saw a major drop in outflows overall, falling to $874,610 on Aug. 22, marking the sixth consecutive day of outflows.

Grayscale’s ETHE once again led the way, with $19.8 million exiting the fund, bringing total outflows to $2.52 billion since its launch on July 23. Meanwhile, Fidelity’s FETH, Grayscale’s ETH, and VanEck’s ETHV were the only bidders, recording inflows of $14.3 million, $3.7 million, and $1 million, respectively. The remaining five ETH ETFs saw no inflows on the day.

The daily trading volume of these investment vehicles also fell to $93.8 million on August 22, a big drop from the previous day. Spot Ether ETFs have seen cumulative net outflows of $458.95 million year to date. At press time, Ethereum (ETH) was also up 1.4% at $2,669.