Spot Bitcoin ETFs net $88m in inflows, spot Ether ETFs outflows see slowdown
Turn $100 USD To 3000 USD, 30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)

Spot Bitcoin ETFs have seen their second consecutive inflow day this week, while spot Ether ETFs logged a drop in outflows in its 4-day negative flow streak.

According to data from SoSoValue, the 12 spot Bitcoin exchange-traded funds recorded $88.06 million in inflows on Aug. 21, representing a 42% increase compared to the net inflows seen on Aug. 20.

BlackRock’s IBIT recorded the highest inflows with $55.4 million, bringing its total inflow since launch to $20.53 billion. It was the only fund to record a second consecutive day of inflows. ARK 21Shares’s ARKB followed with inflows of $51.9 million following a day of no activity.

These inflows were offset by Grayscale’s GBTC and Biwise’s BITB, which logged outflows of $12.8 million and $6.5 million, respectively. Interestingly, the previous day was marked as the first day when GBTC saw no flows. The remaining eight BTC ETFs remained neutral.

Spot Bitcoin ETFs net $88m in inflows, spot Ether ETFs outflows see slowdown - 1

Spot Bitcoin ETFs inflows/outflows as of Aug. 20 | Source: SoSoValue

Trading volume for BTC ETFs jumped to $1.35 billion on Aug. 21, 73% higher than the $779 million seen the previous day. These funds have recorded a cumulative net inflow of $17.52 billion since inception. At the time of writing, Bitcoin (BTC) was down 1.7%, trading at $59,842, per data from crypto.news.

Institutional ownership of U.S. spot Bitcoin ETFs rose to 24% by the end of Q2 2024, despite a challenging market and declining Bitcoin prices.

#BlackRock #BitcoinETF #ETF #MtGoxRepayments #BinanceLaunchpoolDOGS $BTC $ETH $SOL