Significant Net Inflow in US Bitcoin Spot ETF, Ethereum Spot ETF Sees Net Outflow
CryptoNewsTerminal Staff20 Aug, 2024
Significant Net Inflow in US Bitcoin Spot ETF, Ethereum Spot ETF Sees Net Outflow
## Net Inflow in US Bitcoin Spot ETF The US Bitcoin spot ETF market experienced a significant net inflow of $88 million on August 20, while the Ethereum (ETH) spot ETF market experienced a net outflow of $6.5 million on the same day. This data was reported by the financial information platform Farside Investors. ### Inflows and Outflows in Bitcoin Spot ETFs The Grayscale Bitcoin Trust (GBTC) saw a net outflow of $12.8 million, while the Bitwise 10 Crypto Index Fund (BITB) experienced a net outflow of $6.5 million. However, these outflows were more than offset by the net inflows into the BlackRock iShares Bitcoin ETF (IBIT) and the Ark 21Shares Bitcoin ETF (ARKB), which amounted to $55.4 million and $51.9 million respectively. ### Net Outflow in Ethereum Spot ETFs The Grayscale Ethereum Trust (ETHE) saw a net outflow of $37 million, exceeding the net inflows into the BlackRock iShares Ethereum ETF (ETHA) and the Bitwise Ethereum WisdomTree Enhanced Commodity Strategy Fund (ETHW), which amounted to $26.8 million and $3.7 million respectively. No other Ethereum spot ETFs experienced any significant net inflows or outflows.
