Grayscale Bitcoin spot ETF saw a massive net outflow of $19.65 Billion, as per CoinAnk.
“BITB” spot ETF saw an outflow of $25.70 Million, followed by “BITCO” spot ETF $8.80 Million.
“IBIT” holds 350.52k Bitcoins, making it the leading holder in the category, followed by Grayscale 229.18k BTC.
Since its launch, Bitcoin spot ETF have gathered a vast spotlight and massive injection of funds for giant investors. The BTC spot ETF has a market capitalization of $51.72 Billion, roughly 5% of Bitcoin’s market cap.
As per data from CoinAnk, on August 19, 2024, Grayscale Bitcoin spot ETF saw a massive net outflow of $19.65 Billion, with a market cap of $13.51 Billion. However, in the same duration, the spot ETF by BlackRock, IBIT, gathered $92.70 Million in the inflow.
As of writing, the BTC net inflow in the past 30 days is -$1.75 Billion; in the past 24 hours, the recorded inflow is $26.44 Million.
Following the intraday inflow of $20.48 Billion, IBIT became the most traded ETF among all listed in the United States with a trading volume of 13.48 Million. According to available charts, the inflow in BlackRock’s ETF is majorly backed by constant buying.
Source: CoinAnk
Other than GBTC, all listed ETFs saw a positive inflow. As of August 19, 2024, ARKB spot ETF net inflow was $2.45 Billion. BITB spot ETF saw an outflow of $25.70 Million, followed by BITCO spot ETF $8.80 Million.
Ethereum Spot ETF Update
Ether spot ETF secured regulatory approval in the Q2, 2024 Ethereum price enjoyed new highs. Several ETH spot ETFs providers gathered huge attention and massive inflow in the early days, but the category has struggled in the past few weeks.
Grayscale Ether spot ETF (ETHE) saw an inflow of -20.30 Million on August 19, 2024, with a total net inflow of $2.43 Billion. Despite severe outflow, ETHE holds 68.98 Million Ethereum, the highest among other providers.
Grayscale Total Crypto Holdings
Grayscale spot ETF are constantly bleeding and registering severe outflows in the past few months. At the time, the investment firm was known for its proactive approaches to crypto, especially Bitcoin and Ethereum.
Grayscale was considered one of the most prominent players in the Bitcoin spot ETF category, but BlackRock’s entry has affected its domain.
According to recent data, global asset management firm BlackRock owns 350.52k Bitcoins, making it the leading holder in the category, followed by Grayscale 229.18k BTC, and FBTC holds 178.00k BTC.
However, after BlackRock entered the ETF category, Grayscale lost its grip on the market. Now the firm holds 11.43 ETC, 1.74 Million LTC, 451.95k Solana, 1.44 Million Filecoin, 20.44 Million BAT, 28.14 Million MANA, 93.56 Million XLM and 2.93 Million Ethers and others.
The constant outflow from Grayscale has raised speculation in the market that BlackRock might soon overtake it.
