U.S. spot bitcoin ETFs reported a remarkable $235.19 million in net inflows on Monday, marking the second consecutive day of positive flows. Fidelity’s FBTC led the inflow surge, attracting $103.68 million according to SoSoValue data.
Following Fidelity, BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, recorded $97.88 million in net inflows after experiencing zero flows just last Friday. Meanwhile, Bitwise’s BITB logged $13.09 million in inflows, with Ark and 21Shares’ ARKB seeing $12.63 million. VanEck’s HODL and Invesco’s BTCO attracted $5.37 million and $2.53 million respectively.
Despite the positive inflows, Grayscale’s GBTC, the second largest spot bitcoin ETF, along with six others, reported zero flows on Monday. The total trading volume across the 12 ETFs reached $1.22 billion, slightly up from $1.19 billion on Friday and $1.13 billion on Thursday.
In a contrast, the spot Ethereum ETFs in the U.S. saw no inflows on Monday, following a net inflow of $7.39 million on Friday and a net outflow of $3.2 million on Thursday. Trading volume for these nine Ethereum ETFs decreased to $118.43 million on Monday from $148.01 million on Friday.
At the time of writing, Bitcoin experienced a dip of 1.4% over the past 24 hours, trading at $62,757, while Ether declined by 2.09% to $2,442, as reported on The Block’s price page.
Disclaimer: The Block is an independent media outlet providing news and data. As of November 2023, Foresight Ventures is a majority investor of The Block. All information is for informational purposes only and should not be considered legal or financial advice.
