According to The Block: U.S. spot Bitcoin ETFs saw net inflows for the fifth consecutive day, while Ethereum funds saw net outflows for the fifth consecutive day.
U.S. spot Bitcoin exchange-traded funds (ETFs) saw positive inflows for the fifth consecutive trading day, with $39.42 million flowing in on Wednesday. On the other hand, spot Ethereum ETFs saw net outflows for the fifth consecutive trading day.
Grayscale’s Bitcoin Small Cap Trust recorded $14.2 million in net inflows yesterday, while spot Bitcoin funds from Fidelity and Bitwise also recorded inflows of around $10 million each, according to SoSoValue.
The largest spot bitcoin ETF, BlackRock’s IBIT, saw $8.35 million in inflows. Franklin Templeton’s EZBC saw $3.55 million in inflows, while Invesco’s BTCO saw $2.46 million in inflows.
The only net outflow came from Grayscale’s converted GBTC fund, which recorded $9.82 million in outflows. Six other funds, including Ark and 21Shares’ ARKB, recorded zero flows on the day.
Total daily volume for the 12 bitcoin ETFs reached $1.42 billion on Wednesday, up from $1.35 billion on Tuesday. Since their launch, the funds have seen a cumulative net inflow of $17.56 billion.
Ethereum ETFs Continue to See Outflows Meanwhile, spot Ethereum ETFs recorded $17.97 million in net outflows on Wednesday. Grayscale’s ETHE was the only Ethereum ETF to experience negative flows, recording $31.14 million in net outflows.
Fidelity’s FETH recorded the largest net inflow of $7.93 million on the day, followed by Grayscale Ethereum Small Trust with $4.24 million in net inflows. Franklin Templeton’s Ethereum Fund also recorded a net inflow of $1 million.
The trading volume of the nine Ethereum ETFs reached $201 million on Wednesday, up from $195 million on Tuesday. Their cumulative net outflow reached $458 million.
Bitcoin price continues to fluctuate around $60,000. It is up 2.33% in the past 24 hours and is trading at $60,735. Ethereum is up 1.09% to $2,621.