U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows of $202.51 million on Monday, marking their eighth consecutive day of gains. In contrast, spot ethereum ETFs lost $13.23 million in the same trading session.
Bitcoin ETFs Enjoy 8th Consecutive Day of Inflows with $202 Million Gain
On August 26, 12 spot bitcoin ETFs collectively raised $202.51 million, according to data from sosovalue.xyz. Blackrock's IBIT led the way, taking in $224.06 million. Franklin Templeton's EZBC added $5.52 million, while Wisdomtree's BTCW saw $5.06 million in inflows.
On the other hand, Bitwise's BITB fell by $16.61 million, followed by Fidelity's FBTC, which lost $8.33 million. Vaneck's HODL was also affected, down $7.18 million. GBTC, BTC, ARKB, BRRR, BTCO, and DEFI remained flat, posting no gains or losses. Monday's inflows pushed the total net inflows across the 12 ETFs to $18.08 billion.
On August 26, $1.20 billion was traded, and the total BTC reserves held by these ETFs now stand at $58.47 billion, accounting for 4.67% of bitcoin's total market cap. Ethereum ETFs had a rough Monday, recording $13.23 million in outflows, according to sosovalue.xyz.
The intraday decline brought total net outflows since July 23 to $477.88 million. None of the nine ETH ETFs posted gains, and three saw outflows, including Grayscale’s ETHE, which fell by $9.52 million.
Fidelity’s FETH lost $2.69 million and Franklin Templeton’s EZET saw an outflow of $1.02 million. About $125.73 million was traded on Monday, and nine ETH ETFs now hold $7.46 billion in reserves, equivalent to 2.31% of ethereum’s total market cap.
What do you think of Monday's bitcoin and ether spot ETF action? Share your thoughts and opinions on the topic in the comments section below.
#binance #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO $BTC $ETH $BNB
