US spot Bitcoin exchange-traded funds (ETFs) experienced a resurgence in net inflows on Wednesday, drawing $45.14 million after a period of significant outflows. In contrast, Ethereum ETFs experienced net outflows of $23.68 million, with Grayscale's ETHE leading the decline.
US Spot Bitcoin ETFs Report $45 Million Inflows; Ethereum ETFs Experience a $23 Million Outflow
On Wednesday, US spot Bitcoin ETFs reported a remarkable return with net inflows of $45.14 million. This positive change comes after approximately $554 million was released from these funds in the previous three trading days.
Data from SoSoValue highlights that BlackRock's IBIT led in inflows with $52.52 million.
WisdomTree's BTCW followed with $10.5 million, marking its biggest debut to date. Grayscale's Bitcoin Mini Trust added $9.71 million and Bitwise's BITB recorded $3 million in new investments.
However, Grayscale's converted GBTC fund was the only Bitcoin ETF to see net outflows on Wednesday, with $30.58 million exiting the fund. The other seven funds, including Fidelity's FBTC and VanEck's HODL, experienced no significant flow changes.
Total trading volume for spot Bitcoin ETFs reached $1.79 billion on Wednesday, compared with $2.2 billion the day before. Since their inception in January, the 12 Bitcoin ETFs have accumulated $17.23 billion in net inflows.
In comparison, spot Ethereum ETFs had a rough day with a total net outflow of $23.68 million.
Grayscale's ETHE led outflows with $31.86 million, while Fidelity's FETH saw a modest inflow of $4.7 million. Other Ethereum ETFs, including those by Bitwise and Franklin Templeton, reported net inflows.
Total daily trading volume for Ethereum ETFs was $322.85 million. Since their listing on July 23, Ethereum ETFs have experienced net outflows of $387.35 million.
*This is not investment advice.
