The United States Spot Bitcoin ETFs and Ethereum Exchange-Traded Funds have had a poor week, as the bears are dominating the market.
The following is a list of data Bitcoins are available for purchase from Farside Investors.BTCYesterday, the 31st of July, ETFs saw a net increase in their assets by approximately $300,000. BlackRock’s iShares Bitcoin Trust, (IBIT), saw inflows totaling $21 millions. This is the third month running that it has not seen any outflows.
Grayscale will also be celebrating the 31st of July. launched Bitcoin Mini Trust with BTC as its ticker on NYSE Arca. On its first day, the newly launched ETF saw $18 million of inflows. The inflows to these ETFs, however, were offset by outflows from Fidelity FBTC and Bitwise BITB as well as Ark 21Shares ARKB totaling $38.7 millions. All other investment products were neutral.
Farside Investors data shows that spot Ethereum is (ETHETFs saw Net outflows of $77.2 Million on the 31st July. Grayscale ETHE Fund, with a $133.3-million outflow, was the expected source. The ETHE Fund has seen net outflows totaling $1.97billion since it was launched on July 23, 2010.
Grayscale Mini ETH Fund, on the other hand recorded inflows of $19.5 millions yesterday. Fidelity FETH was next with an inflow of $18,8 million, while BlackRock ETHA saw inflows of only $5 million. VanEck’s ETFs ETHV and ETHW as well Ark 21Shares CETH also saw $4.8, $4.7, and $3.3 millions in inflows. Invesco QETH, Franklin Templeton EZET and VanEck’s ETHV remained neutral.
According to a recent report, the cryptocurrency market has taken a turn for the worse. According to data CoinGecko reports that the market cap of the cryptocurrency industry has fallen by 3,1% over the last 24 hour and now stands at 2,41 trillion dollars.
Bitcoin fell by 3.2% during the 24 hour period and was trading at $64,275 as of the writing. Ethereum is down 4.6% on the day. It’s currently trading at $3,170.
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Source: crypto.news