Bitcoin ETFs saw their sixth consecutive day of net inflows, while Ether ETFs continued to record net outflows, extending a six-day streak of negative inflows.
according to Data According to SoSoValue, the 12 Bitcoin exchange-traded funds (ETFs) recorded net inflows of $64.91 million on August 22, a 65% jump from $39.42 million net inflows on August 21.
BlackRock’s IBIT, the largest Bitcoin exchange-traded fund by net assets, led the way with $75.5 million inflows, bringing its total inflows to date to $20.6 billion. It was followed by Fidelity’s FBTC and ARK 21Shares’ ARKB 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.
These inflows were offset by Grayscale’s GBTC fund, which recorded $28.4 million inflows, bringing its total outflows since launch to $19.69 billion. However, the crypto asset manager’s Bitcoin Trust ETF attracted $4 million inflows. Bitwise’s BITB fund also reported $11.5 million inflows. The remaining four BTC funds remained neutral.
Bitcoin ETF trading volume fell to $899.6 million on August 22, well below the $1.42 billion seen on August 21. The funds have recorded cumulative net inflows of $17.62 billion since their inception. At the time of writing, Bitcoin (BTC) was up 0.3% over the past day, trading at $61,058, according to crypto.news data.
Meanwhile, the nine Ethereum ETFs collectively saw a significant drop in outflows, which amounted to $874,610 On August 22, the sixth consecutive day of outflows.
Grayscale’s ETHE led the outflows once again, with $19.8 million leaving the fund, bringing its 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 offerings to record inflows of $14.3 million, $3.7 million, and $1 million, respectively. The remaining five ETH funds saw no inflows on the day.
These investment vehicles also saw their daily trading volume drop to $93.8 million on August 22, a significant drop from the previous day. Ethereum ETFs have seen cumulative net inflows of $458.95 million to date. At press time, the price of Ethereum (ETH) was also up 1.4%, trading at $2,669.