Spot Bitcoin ETFs in the U.S. have extended their inflow streak to eight days, logging an impressive $61.3 million in net inflows on Monday. According to data from SosoValue, BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, attracted $72.15 million in investments. Meanwhile, Fidelity’s FBTC reported net inflows of $8.32 million.
On the other hand, Ark and 21Shares’ ARKB experienced $9.5 million in net outflows on Monday, following substantial inflows of $203.07 million last Friday. Bitwise’s BITB also saw $9.67 million in daily net outflows.
Grayscale’s GBTC experienced no flows on Monday after recording minor inflows of $26.15 million on Friday. The total trading volume across these 12 ETFs declined to $1.37 billion on Monday, down from $1.87 billion on Friday.
In the realm of Ethereum, the spot Ethereum ETFs noted modest outflows, with $822,290 in net outflows on Monday after last Friday’s inflow of $58.65 million. The Grayscale Ethereum Trust (ETHE) continued to see outflows of $11.81 million, while BlackRock’s ETHA recorded net inflows of $10.99 million, marking its fifth consecutive day of inflows. The total trading volume for the nine spot ether ETFs fell to $149.14 million on Monday, compared to $249.09 million on Friday.
As of the latest data, bitcoin is trading around $63,765, reflecting a 1.17% decrease over the past 24 hours, while ether is up by 0.26% at approximately $2,640.
Disclaimer: The Block is an independent media outlet providing news, research, and data. As of November 2023, Foresight Ventures is a majority investor in The Block. The Block operates independently to deliver objective and timely information about the crypto industry. This article is for informational purposes only and is not intended as legal, tax, investment, or financial advice.
