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Bitcoin ETFs Continue Inflow Streak While Ethereum ETFs See Decline

01.10.2024 12:30 1 min. read Alexander Stefanov
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Bitcoin ETFs Continue Inflow Streak While Ethereum ETFs See Decline

Bitcoin spot ETFs in the U.S. maintained their positive streak on Monday, with net inflows reaching $61.3 million, marking eight straight days of gains.

BlackRock’s IBIT led the charge, pulling in $72.15 million, while Fidelity’s FBTC grew by $8.32 million.

Meanwhile, Ark and 21Shares’ ARKB saw outflows of $9.5 million after significant gains last Friday, and Bitwise’s BITB also reported outflows of $9.67 million.

Grayscale’s GBTC had no activity after an inflow of $26.15 million on Friday. Total trading volume for Bitcoin ETFs dropped to $1.37 billion from $1.87 billion.

Ethereum ETFs, by contrast, faced net outflows of $822,290, despite BlackRock’s ETHA gaining $10.99 million, marking five consecutive days of inflows.

Grayscale’s ETHE lost $11.81 million. Total trading volume for Ethereum ETFs also declined from $249.09 million to $149.14 million.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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