The spot Bitcoin ETFs started the week in a positive way, while Ether Spot ETFs had their third straight day of negative trading flows.
Data SoSoValue reports that on August 19, the twelve spot Bitcoin exchange traded funds in the U.S. received $61,98 million, a 72% rise compared with the net inflows in July. $36.01 million On the same day
BlackRockIBIT from ranked first with $92.7m, which brings the total of its inflows to 20.48bn since it was launched. Fidelity FBTC came in second with modest $3.9 million. The only funds to have recorded a second day of positive inflows were these two.
Bitwise’s BITB (Invesco Galaxy) and Invesco BTCO’s (Bitwise) recorded respective net outflows in the amount of $25.7 and $8.8 millions, which offset a part of their gains on August 19. Grayscale’s GBTC experienced no outflows on August 19, marking the first time since the launch of the product that this had occurred. Since its launch, the investment has seen continuous outflows totaling nearly $19.64 billion.
Seven other Bitcoin ETFs were also neutral, as the market expected a correction. Inflows into spot BTC ETFs now exceed $17,4 billion.
According to data from crypto.news, the total crypto market value has increased by 2.4% during the last 24 hour period and is now $2.24 trillion. Total 24-hour volume of trading also increased, at $79.5 billion. Bitcoin (BTCThe price of a share () has increased by 4.2% in the last 24 hours and is currently trading at $60.937.
Ether ETFs experience $13.5m of outflows
Nine Ethereum ETFs, collectively, saw their value drop by over 50%. $13.52 million In outflows, August 19 marks the third consecutive Day of trading outflows
Grayscale ETHE was the leading outflow, with outflows continuing at $20.3million, which has led to outflows amounting to $2.43 billion. Grayscale Bitcoin Mini Trust (ETHW) and Bitwise ETHW, the only two ETFs to see modest inflows that day were $4.9 million ($1.9 million), and Grayscale Bitcoin Mini Trust. There was no movement on any of the remaining Ethereum ETFs.
The trading volume of Ether ETFs fell to $124 Million, a significant drop from the $185 Million seen on the previous day. To date, these funds have seen a net withdrawal of $433.62million. At the time of publication, Ethereum was (ETH( ) rose by 2.3% and traded at $2673.
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Source: crypto.news