Ethereum ETFs Snap 3-Day Inflow Streak, While Bitcoin ETFs Add $11 Million

• Bitcoin ETFs have seen cumulative net inflows of $17.33 billion.
• Ethereum ETF cumulative inflows remain negative.
• Grayscale’s Bitcoin and Ethereum ETF outflows now exceed $21 billion.

U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) have seen yet another day of mixed yet muted results.

With BTC still floating under the $60,000 price tag and ETH struggling to break above $2,750, institutional investors also appear to be trading sideways.

Bitcoin ETFs

According to data  provided by SoSoValue, Bitcoin ETFs posted just $11.11 million in net inflows on their lowest day to date.

There were only a few gainers on Aug. 15, with Fidelity’s Wise Origin Bitcoin Fund (FBTC) seeing $16.25 million in net inflows.

The fund has seen $9.74 billion in net inflows since launching, making it the second-most successful BTC ETF under BlackRock’s iShares Bitcoin Trust (IBIT).

The Grayscale Bitcoin Mini Trust managed to pull a healthy $13.66 million after two days of neutral flows.

Bitwise’s Bitcoin ETF (BITB) was also part of the gainer batch, netting a cool $6.23 million, raising its cumulative net inflow to $2.03 billion.

Meanwhile, the Grayscale Bitcoin Trust (GBTC) is now on day 11 of its latest outflow streak, shedding $25.03 million as it approaches $20 billion in cumulative net outflows.

Ethereum ETFs

As for Ethereum ETFs, SoSoValue data  shows that they could not maintain their 3-day inflow streak, seeing cumulative outflows of $39.21 million.

It’s not all bad news. Six of the nine ETH ETFs experienced neutral flows, while two saw positive flows, and one saw negative flows. First, Fidelity’s Ethereum Fund (FETH) secured the largest share, with net inflows of $2.54 million.

BlackRock’s iShares Ethereum Trust (ETHA) saw its lowest day of net inflows so far, adding just $770,000 to its portfolio. Despite this, ETHA remains the top-performing ETH ETF with almost $1 billion in cumulative net inflows.

Once again, Grayscale’s outflows continued to disproportionately impact the daily results, with the Grayscale Ethereum Trust (ETHE) losing $42.52 million from its fund.

About the Author

Eddie Mitchell

Eddie has been writing news and content primarily for crypto news and industry players over the past seven years. With an eye for the bigger picture, Eddie prefers to investigate the broader implications of a story, as well as explore the weird and wonderful world of crypto. He believes blockchain has already changed the world, but observes the space overall with a skeptical and adoring eye.

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