The figures end a trend of outflows. Inflows into Bitcoin ETFs outpaced those into Ethereum and brought the net total since January 11, 2024 to $17.37 billion.
At the session of August 12, thes Bitcoin (BTC) and Ethereum (ETH) ETFs experienced a notable rebound in their capital inflows, marking a reversal from the trend of outflows.
According to data from sosovalue.xyzETH ETFs received a total of $4.93 million in inflows, which, while modest compared to the $401.01 million in outflows since July 23, is a positive sign. Fidelity’s FETH ETF led inflows with $3.98 million, followed by Bitwise’s ETHW with $2.86 million.
Franklin Templeton’s EZET also stood out with an inflow of $1.01 million, being the only other fund with a positive balance. In contrast, Vaneck’s ETHV reported a loss of $2.92 million, while the other five remaining ETFs showed no significant changes. In total, $285.96 million was traded on Monday, with ETH ETFs accumulating $7.48 billion in ether reserves as of August 13, 2024.
Bitcoin ETFs
Figures from Sosovalue.xyz indicate that Bitcoin ETFs also saw inflows, slightly outperforming ETH ones. Ark Invest and 21shares’ ARKB led with $35.4 million in inflows, closely followed by Blackrock’s IBIT with $13.45 million.
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Grayscale’s Mini Bitcoin Trust (ticker “BTC”) added around $7.85 million. However, these inflows were offset by outflows in Bitwise’s BITB and Grayscale’s GBTC, which saw outflows of $17.06 million and $11.77 million, respectively. Other funds such as FBTC, HODL, BRRR, BTCO, EZBC, BTCW, and DEFI performed neutrally.
In total, the 12 Bitcoin ETFs saw $27.87 million in inflows, bringing the net total since January 11, 2024 to $17.37 billion. Trading volume for these funds totaled $1.3 billion, with BTC reserves now reaching $53.75 billion, representing 4.63% of the total BTC market cap.
Source: Ambito
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