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.
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.
An Ethereum whale has recently caused a stir by offloading a substantial portion of its holdings, selling over $24 million worth of ETH in the past three days amid significant market pressure.
XRP has been trading within an ascending triangle pattern, signaling a potential significant breakout.
Recent on-chain data for Dogecoin (DOGE) reveals a surge in activity, indicating a growing optimism among cryptocurrency investors towards the popular meme coin.
Commerzbank, one of Germany’s largest financial institutions, is making a significant move into cryptocurrency by offering Bitcoin and Ethereum trading services to its corporate clients.