Fidelity led the way for the second consecutive day with $61.3 million worth of inflows to its spot Bitcoin ETF — the Fidelity Bitcoin Fund. BlackRock’s IBIT followed with $20.4 million in inflows after a day of inactivity.

The increase in activity comes as SoSoValue data shows that 12 U.S.-based spot Bitcoin ETFs recorded $36.01 million in inflows on Aug. 16. That’s a 223% increase compared to Aug. 15, when net inflows were $11.11 million.

Other notable inflows included $13.4 million into ARK 21Shares’s ARKB, $12 million into Bitwise’s BITB, and a modest $1.7 million into Franklin Templeton’s EZBC.

These gains helped offset a $72.9 million outflow from Grayscale’s GBTC, which has experienced total outflows of $19.64 billion since its inception. Grayscale’s Bitcoin Mini Trust ETF experienced no net outflows, maintaining its total net inflow since launch at $288 million. This stability in the mini trust contrasts with the main Grayscale product.

The remaining four Bitcoin ETFs also remained neutral on Aug. 16 as the cryptocurrency market anticipated a correction. The cumulative spot BTC ETF inflows have now surpassed the $17.3 billion mark.

Data from CoinGecko shows that the global crypto market capitalization declined by 0.3% in the past 24 hours, currently standing at $2.17 trillion. The total 24-hour trading volume also fell by 24%, hovering around $67.3 billion.

Bitcoin rose by 2% over the past 24 hours, trading at $59,228 at the time of writing.

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In contrast, the nine Ethereum ETFs collectively saw $15 million in outflows on Aug. 16, marking the second consecutive day of outflows. Leading the outflows was Grayscale’s ETHE, with ongoing outflows of $27.7 million, contributing to a total outflow of $2.41 billion since its inception. VanEck also saw a $4.8 million withdrawal from its offering.

Meanwhile, Fidelity’s FETH and BlackRock’s ETHA recorded inflows of $10.3 million and $7.2 million, respectively. The remaining five Ethereum ETFs saw no activity on the day.

Trading volume for Ether ETFs dropped to $185 million, significantly lower than the previous day. These funds have experienced a cumulative net outflow of $420.11 million to date.

Ethereum had risen by 0.9% over the past 24 hours, trading at $2,604 at the time of writing.

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