Yesterday, Bitcoin ETFs saw a notable inflow of $194.6 million, seemingly indicating renewed positivity among investors.
This strong inflow follows a period of significant outflows that BTC ETFs experienced on August 2, 5, and 6. After these difficult days, confidence in Bitcoin ETFs seems to have been fully restored.
BlackRock is king again
The largest inflow yesterday was seen in the BlackRock IBIT ETF, which recorded an impressive daily inflow of $157.6 million.
Fidelity’s ETF also performed strongly with $65.2 million inflows, while ARK’s ETF saw $32.8 million inflows.
The only fund to see outflows was, not surprisingly, the Grayscale ETF, which recorded a significant outflow of $182.9 million.
Ethereum ETFs lag behind
Ethereum ETFs were unable to capitalize on the positivity surrounding Bitcoin ETFs yesterday, recording a modest outflow of $2.9 million. These outflows were largely due to the large $19.8 million withdrawal from Grayscale’s Ethereum ETF.
Despite the overall negative trend, there was a bright spot; the best performing Ethereum ETF was BlackRock, which saw inflows of $11.7 million.
It’s notable how different the flows are between Bitcoin and Ethereum ETFs. While Ethereum ETFs saw outflows yesterday, they actually saw strong inflows on August 5th and 6th, exactly when Bitcoin ETFs saw significant outflows.
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Source: https://newsbit.nl/bitcoin-etfs-boeken-prachtige-instroom-van-1946-miljoen/
