The major cryptocurrency Bitcoin (BTC) has made a big move recently, breaking new records by rising above $123,000.
After this ATH, BTC prices have receved and continue to consolidate at the $117,000-$118,000 level.
Data shows that BTC price pullbacks had a negative impact on the Spot Bitcoin ETF, but the 13-day entry streak for the US Spot Bitcoin ETF was destroyed.
So, after a 13-day influx series, we saw net outflows in yesterday’s spot BTC ETF.
Yesterday, a total of $131.4 million spills occurred from Spot Bitcoin ETFs trading in the US, according to data from Farside Investors.
ARK Invest’s ARKB fund saw the biggest outflow of $77.5 million, with Grayscale’s GBTC fund winning $36.7 million, Fidelity’s FBTC fund winning $12.8 million, Vaneck’s HODL fund $2.5 million, and Bitwise’s BITB fund winning $1.91 million.
Meanwhile, BlackRock’s IBIT Fund, Invesco’s BTCO Fund, Franklin’s EZBC Fund, Valkyrie’s BRRR Fund, and WisdomTree’s BTCW Fund recorded no net inflows or outflows.
Ethereum login continues!
In contrast to the net Bitcoin outflow, US Spot Ethereum ETFS continues to flow, with net inflows of $298.06 million per day.
Fidelity’s Feth Fund was the ETF with the highest inflow of $126.9 million, according to data from Farside Investors.
BlackRock’s ETHA fund continued at $122 million, Grayscale’s ETH fund saw an inflow of $54.9 million, while Bitwise’s ETHW fund saw an inflow of $13.1 million.
In comparison, 21Shares’ Ceth Fund spills went $400,000, while other ETFs recorded no net inflows or outflows.
The US-traded Ethereum Spot ETF’s total net inflow of $298.06 million is the highest ever in terms of trading volume.
Additionally, Spot ETH ETF has experienced the most significant influx since its launch on July 24th. At this point, ETH ETF recorded a net inflow of $3.53 billion in the last 12 days, with daily inflows surpassing Bitcoin ETFs for several days.
*This is not investment advice.
