According to data from SoSo Value, 12 U.S. Bitcoin spot exchange-traded funds (ETFs) have shown net inflows for three consecutive days, with net inflows totaling $61.98 million on Monday (19th). The total daily trading volume of these ETFs was approximately $779.8 million, the lowest since February 6 and the third lowest single-day trading volume in history.

Yesterday’s volume was down considerably from the daily volume of $5.24 billion on August 5. Augustine Fan, head of insights at SOFA.org, said in an interview with The Block:

"This low volume is expected as market sentiment continues to remain subdued following the sharp sell-off a few weeks ago. It is also worth noting that the summer holiday season and recent data suggest that concerns about an impending recession have moderated. The decrease has left investors waiting for more signals from the Federal Reserve’s Jackson Hole meeting later this week.”

The Bitcoin spot ETF with the largest net inflows yesterday was IBIT issued by BlackRock, with an amount of $92.68 million, followed by Fidelity’s FBTC, with a net inflow of $3.87 million. BITB issued by Bitwise recorded a net outflow of US$25.72 million, and BTCO jointly managed by Invesco and Galaxy recorded a net outflow of US$8.84 million.

U.S. Bitcoin Spot ETF Daily Fund Flows (Source: SoSo Value)

On the other hand, the U.S. Ethereum spot ETF has shown net fund outflows for three consecutive days. The total net outflow of 9 ETFs on Monday was US$13.52 million, led by ETHE issued by Grayscale, with a net outflow of US$20.3 million. Dollar. Trading conditions for these ETFs were also quite subdued, with a total daily turnover of $124 million, the lowest since listing.

U.S. Ethereum Spot ETF Daily Fund Flows (Source: SoSo Value)

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