On Thursday, U.S. spot bitcoin ETFs saw a significant boost, with $64.91 million in net inflows, continuing a positive trend for the sixth straight day.
BlackRock’s IBIT led the pack with the highest inflow of $75.49 million. Other notable performers included Fidelity’s FBTC with $9.23 million, Ark and 21Shares’ ARKB with $7.83 million, and WisdomTree’s BTCW with $4.8 million.
However, Grayscale’s GBTC experienced $28.36 million in outflows, and Bitwise’s BITB saw $11.5 million exit the fund.
In contrast, spot Ethereum ETFs faced outflows totaling $874,610, reversing the previous day’s trend. Grayscale’s ETHE, the sole Ethereum ETF with outflows, lost $19.84 million.
Meanwhile, Fidelity’s FETH saw the largest inflows among Ethereum funds with $14.33 million, followed by smaller inflows into Grayscale’s Ethereum Mini Trust and VanEck’s ETHV.
Overall, trading volume for Bitcoin ETFs dropped to $889.67 million from Wednesday’s $1.42 billion. For Ethereum ETFs, the volume fell to $93.87 million from $201 million the day before. Bitcoin’s price edged up slightly to $60,988, while ether increased to $2,668.
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.
For the first time in 4 years, Fed cut the rates for the first time in 4 years, which lead to a notable surge in cryptocurrency prices.
Donald Trump, the Republican presidential nominee, made headlines by becoming the first former U.S. president to make a Bitcoin transaction.
Under President Nayib Bukele, El Salvador remains committed to its daily Bitcoin acquisition strategy, currently holding assets worth approximately $354.6 million.