- US Spot Bitcoin ETFs Surge Amid Market Volatility

US Spot Bitcoin ETFs Surge Amid Market Volatility

Title: US Spot Bitcoin ETFs See $555 Million Net Inflows, Biggest Increase Since June

US Spot Bitcoin ETFs witnessed a significant inflow of $555.8 million on Monday, marking the largest daily inflow since June 4. According to SoSoValue data, ten out of twelve spot Bitcoin ETFs reported net inflows and no outflows. Fidelity and Bitwise led the entry with Fidelity’s FBTC attracting $239.25 million and Bitwise’s BITB with $100 million. BlackRock’s IBIT, the largest bitcoin ETF by net assets, saw inflows of $79.5 million. Ark Invest and 21Shares’ ARKB added $70 million. Grayscale’s GBTC recorded net inflows of more than $37 million. Other funds including VanEck, Valkyrie, Invesco, Franklin Templeton and Grayscale’s mini-trust also saw positive inflows, while WisdomTree and Hashdex ETFs had zero flows on the day. The surge in inflows contributed to an active trading day with $2.61 billion in total transactions, the most since Aug. 23. BlackRock’s IBIT accounted for a staggering $1.67 billion of Monday’s volume. Total net inflows into US spot Bitcoin ETFs since their launch in January have been $19.36 billion. Spot Ethereum ETFs reported net inflows of $17.07 million, their biggest daily gain this month. BlackRock’s IBIT led the Ethereum inflows with $14.31 million, followed by Fidelity’s FETH with $1.31 million. Invesco’s QETH and 21Shares’ CETH also saw positive inflows. Total trading volume of U.S. spot Ethereum ETFs reached $210.40 million on Monday, but the sector still experienced cumulative net outflows of $541.82 million since launch.

Source

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Share via
Copy link