Grayscale’s Ethereum ETF Outflows Declined – How Did Bitcoin ETFs Fare?

On August 12, spot Bitcoin exchange-traded funds (ETFs) in the U.S. recorded net inflows of just $27.8 million.

According to Farside, Grayscale’s GBTC-converted fund and Bitwise’s BITB were the only ETFs to experience outflows for the day, with $11.8 million and $17.1 million, respectively.

BlackRock’s Bitcoin fund (IBIT) was one of three funds to see inflows, adding $13.4 million. ARKB was the best performer of the day, bringing in $35.4 million, while Hashdex’s DEFI registered $7.9 million.

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On the other hand, spot Ethereum ETFs also posted positive results on Monday, with total inflows amounting to $5 million.

The largest inflow was recorded by Fidelity’s FETH, with $4 million, followed by Bitwise’s ETHW with $2.9 million and Franklin Templeton’s EZET with $1 million.

Interestingly, Grayscale’s ETHE, which had previously seen large outflows, registered a neutral result this time.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.