Spot Bitcoin exchange-traded funds (ETFs) in the United States have experienced positive flows for eight of the past ten trading days. On August 20, these ETFs saw an aggregate inflow of $88 million, the highest in two weeks, according to preliminary data from Farside Investors.
This trend represents 80% of the past two weeks Bitcoin ETF trading days with positive inflows, with only August 9 and August 14 showing outflows.
BlackRock’s iShares Bitcoin Trust (IBIT) led with an inflow of $55.4 million, bringing its total net inflow since its January launch to $20.5 billion. IBIT, which now holds more assets than Grayscale’s long-standing Bitcoin ETF, hasn’t seen an outflow day since May 1 – the only day of net outflows since its inception.
The Ark 21Shares Bitcoin ETF (ARKB) followed closely with an inflow of $51.9 million on August 20. Meanwhile, the Grayscale Bitcoin Trust (GBTC) experienced a net outflow of $12.8 million, and the Bitwise Bitcoin ETF (BITB) saw minor net outflows of $6.5 million. Other funds reported no flows.
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Grayscale’s flagship Bitcoin fund has lost $19.6 billion since it converted to an ETF seven months ago. Its lower-fee Bitcoin Mini Trust (BTC) has gained only $288 million since its launch on July 31.
Additionally, 60% of the largest hedge funds in the U.S. now have exposure to Bitcoin ETFs, as reported by Sam Baker of investment firm River.
In contrast, spot Ether ETFs have experienced outflows in five of the past eight trading days. On August 20, the nine newly launched spot Ether ETFs recorded a joint net outflow of $6.5 million, marking their fourth consecutive day of outflows, according to Farside Investors. BlackRock iShares Ethereum Trust (ETHA) saw net inflows of $26.8 million, but this wasn’t enough to offset the $37 million net outflow from Grayscale’s Ethereum Trust (ETHE).
Cre: cointelegraph
I’m Jessi Lee, currently living in Singapore. I am currently working as a trader for AZCoin company, with 5 years of experience in the cryptocurrency market, I hope to bring you useful information and knowledge about virtual currency investment.
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