US BTC ETF Saw $64.9M Inflows, ETH ETF Saw $874K Outflows

 
Ritu Lavania
Written By 
Ritu Lavania
August 23, 2024

As of August 2024, US Bitcoin spot ETFs have witnessed a total net inflow of $64.9072 Million, & ETH ETF saw $874k outflows.

The US Bitcoin spot ETFs’ net inflow of $64.9072 Million continues a net inflow for six consecutive days. Among the key players, Grayscale ETF GBTC had an outflow of $28.362 Million, BlackRock ETF IBIT had an inflow of $75.4907 Million, and Fidelity ETF FBTC had an inflow of $9.2252 Million. Currently, the total net asset value of Bitcoin spot ETFs is $55.131 Billion.

BTC ETFs. Courtesy: Sosovalue

Ethereum spot ETF had a total net outflow of $874,600 on August 22 and continued to have net outflows for 6 days. Grayscale ETF ETHE had an outflow of $19.8427 Million. Grayscale mini ETF ETH had an inflow of $3.6837 Million. Grayscale’s ETF is expected to reach 50% by October. and Fidelity ETF FETH had an inflow of $14.3303 Million. The total net asset value of Ethereum spot ETF is $7.265 Billion.

ETH ETFs. Courtesy: Sosovalue

When it comes to clashes between the titans, BlackRock has more crypto holdings than Grayscale.$61,017.21.

At the time of writing, bitcoin is trading at $61,012.04 after witnessing a jump of 0.4% in the past day. The rise can also be attributed to investors highly anticipating FED chair Powell’s speech on Friday. Meanwhile, Ethereum is trading at $2,673.30 and also saw a surge of 1.95% in the past day. 

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Ritu Lavania
Written by Ritu Lavania

Ritu Lavania is a versatile Web3 content creator with over three years of experience in the crypto space. She is part of the team at CryptoNewsZ, where she writes insightful and engaging content. She has also contributed to TheCryptoTimes and The Coin Edition, where her work has been well received by the crypto community. Skilled in research, creative writing, SEO, and cross-functional collaboration, she creates content tailored to diverse audiences. ionate about education, she dedicates time to teaching kids and expressing herself through poetry. Always eager to learn, she continuously explores new trends in blockchain and digital assets. She believes in the power of storytelling to make complex crypto topics more accessible and engaging for readers worldwide.