🌎 Spot Bitcoin ETFs See $27.87M Inflows, Outperform Ethereum

Spot Bitcoin exchange-traded funds (ETFs) in the United States began the week with net inflows significantly higher than those of spot Ethereum ETFs.

According to data from SoSoValue, the 12 spot Bitcoin ETFs saw inflows of $27.87 million on Aug. 12, reversing the $45.14 million outflows recorded on Aug. 9. Notably, ARK 21Shares’s ARKB led with $35.4 million in inflows, bringing its total since launch to $2.45 billion. BlackRock’s IBIT followed with $13.4 million, being the only one to record a second consecutive day of inflows. Grayscale’s Bitcoin mini trust fund had the least inflows, with $79 million. These inflows managed to offset the $11.8 million leaving Grayscale’s GBTC, which has shed over $19.46 billion since launch. The remaining ETFs saw no flows on the day.

Trading volume for these offerings jumped to $1.3 billion, slightly up from the $1.27 billion seen on Aug. 12. Cumulative net inflows into spot BTC ETFs stood at $17.37 billion.

In contrast, the nine spot Ethereum ETFs saw smaller net inflows totaling $4.93 million on the same day, marking an end to three days of net outflows. Fidelity’s FETH led with $4 million in inflows, followed by Bitwise’s ETHW and Franklin Templeton’s EZET with $2.9 million and $1 million respectively. Meanwhile, VanEck’s ETHV recorded its first day of outflows since launch, with $2.9 million flowing out. Flows into the other offerings remained neutral.

The nine Ether ETFs saw a significant jump in trading volume to $285.96 million. To date, these funds have seen cumulative net outflows of $401.01 million.

At the time of writing, Bitcoin was trading at $59,105, while Ethereum stood at $2,641.