The total trading volume of spot Bitcoin ETFs reached $1.42 billion, up from $1.35 billion recorded on August 20.
The United States spot Bitcoin exchange-traded funds (ETFs) recorded the fifth consecutive day of positive flows, bringing in $39.42 million in inflows.
The inflows mark a shift in sentiment, especially following a period of market turbulence driven by regulatory uncertainties in several regions, and other significant factors. Over the past week, the consistent inflows into the spot Bitcoin ETFs indicate that investors are starting to regain confidence in the crypto asset.
According to data from the crypto research platform SosoValue, Grayscale Mini Bitcoin Trust recorded $14.2 million in net inflows, while spot Bitcoin funds from Fidelity and Bitwise each reported approximately $10 million in positive flows.
BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, also saw $8.35 million in inflows. Franklin Templeton’s EZBC recorded $3.55 million flow into the fund, while Invesco’s BTCO had inflows totaling $2.36 million.
The only net outflows were observed in Grayscale’s GBTC product, which recorded $9.82 million in withdrawals. The six remaining funds, including Ark and 21Shares’ ARKB, recorded zero flows.
The total trading volume for the 12 Bitcoin ETFs climbed to $1.42 billion on Wednesday, an increase from $1.35 billion on Tuesday. Since their launch, these funds have garnered $17.56 billion in net inflows.
Spot ETH ETFs Hit $17.97M Outflows
Unlike its Bitcoin-focused counterpart, the U.S. spot Ethereum ETF recorded a net outflow of $17.97 million on August 21. Grayscale’s ETHE was the only ETH ETF to see outflows, with a net loss of $31.14 million.
Fidelity’s FETH led the day with the highest net inflows of $7.93 million, followed by Grayscale Ethereum Mini Trust, which brought in $4.24 million. Franklin Templeton’s ETH fund also attracted $1 million in net inflows.
The trading volume of the nine ETH ETFs reached $201 million on August 21, an increase from $194.66 million recorded the previous day. The total cumulative net outflows increased to $458.08 million.