Tuesday, February 11, 2025

Breaking News: Bitcoin ETFs Continue Positive Inflows

Post Image

Originally published on: August 21, 2024

In a remarkable streak, United States spot Bitcoin exchange-traded funds (ETFs) have sustained positive flows for eight out of the past ten consecutive trading days. On Aug. 20, these ETFs saw a combined inflow of $88 million, marking the highest figure in a two-week period, according to initial data from Farside Investors.

Ishares Bitcoin Trust Dominates Inflows

BlackRock’s iShares Bitcoin Trust (IBIT) emerged as the front runner with a notable inflow of $55.4 million on Aug. 20, bringing the total net inflow for the product since its launch in January to an impressive $20.5 billion. IBIT has outperformed industry veteran Grayscale in terms of assets under management (AUM) and has maintained a solid streak without any outflow day since May 1, accumulating tremendous investor confidence along the way.

ARK 21Shares Bitcoin ETF (ARKB) also recorded a significant inflow of $51.9 million on the same day, establishing itself as a strong player in the ETF market. Conversely, the Grayscale Bitcoin Trust (GBTC) experienced a net outflow of $12.8 million, while the Bitwise Bitcoin ETF (BITB) witnessed minor net outflows of $6.5 million. Other funds remained neutral with zero flows during this period.

Hedge Funds Show Strong Interest in Bitcoin ETFs

Recent reports highlight that 60% of the largest hedge funds in the United States have capitalized on Bitcoin ETFs, indicating a growing trend in institutional investment exposure to digital assets. This surge in interest could potentially reshape the landscape of traditional investment strategies and unlock new avenues for market growth and diversification.

Ether ETFs Encounter Outflows Amidst Bitcoin Boom

In contrast to the positive momentum in Bitcoin ETFs, spot Ether ETFs have faced challenges with outflows over the past few trading days. On Aug. 20, the newly launched spot Ether ETFs collectively posted net outflows of $6.5 million, marking the fourth consecutive day of negative flows, as reported by Farside Investors.

BlackRock’s iShares Ethereum Trust (ETHA) managed to secure $26.8 million in net inflows during this period. However, it fell short in surpassing the $37 million net outflow from Grayscale’s Ethereum Trust (ETHE), signaling a dynamic shift in investor sentiment towards different digital assets.

Ethereum’s Growth and Impactful Moments

Taking a broader view of the blockchain landscape, Ethereum has solidified its position as the second-largest blockchain, driven by a series of groundbreaking developments throughout its history. From the launch of Ethereum to its latest milestones, the blockchain’s evolution continues to shape the digital ecosystem and redefine possibilities in decentralized technologies.

By keeping a close eye on the evolving trends in Bitcoin and Ether ETFs, investors can gain valuable insights into the shifting dynamics of the digital asset market and position themselves strategically for potential growth opportunities.

Hot this week

Study Finds 1 in 5 US Voters Engaged with Cryptocurrency

Originally published on: December 18, 2024A recent survey conducted...

Revolutionizing Blockchain Technology: Key Takeaways from G6 Networks AMA

Originally published on: December 18, 2024Gabor Bovai and David...

HashKey Group Unveils Revolutionary Ethereum Layer-2 HashKey Chain Mainnet

Originally published on: December 18, 2024HashKey Group, a pioneering...

Beware of Phishing Scammers: A Warning from Ledger’s Users

Originally published on: December 18, 2024Reports have surfaced indicating...

Avara Founder Supports Removal of Polygon Markets from Aave Platform

Originally published on: December 18, 2024Stani Kulechov, the CEO...

Topics

Study Finds 1 in 5 US Voters Engaged with Cryptocurrency

Originally published on: December 18, 2024A recent survey conducted...

Revolutionizing Blockchain Technology: Key Takeaways from G6 Networks AMA

Originally published on: December 18, 2024Gabor Bovai and David...

HashKey Group Unveils Revolutionary Ethereum Layer-2 HashKey Chain Mainnet

Originally published on: December 18, 2024HashKey Group, a pioneering...

Beware of Phishing Scammers: A Warning from Ledger’s Users

Originally published on: December 18, 2024Reports have surfaced indicating...

Avara Founder Supports Removal of Polygon Markets from Aave Platform

Originally published on: December 18, 2024Stani Kulechov, the CEO...

Crypto Communities Across the US Gear Up for Festive Meetups

Originally published on: December 18, 2024As the holidays approach...

Ethena Labs Joins Forces with Trump-Backed World Liberty Financial for Exciting Partnership

Originally published on: December 18, 2024Ethena Labs, a leading...

Unlock Your Football Skills with Cristiano Ronaldo and Binance Partnership

Originally published on: December 18, 2024Binance and Cristiano Ronaldo...
spot_img

Related Articles

Popular Categories

spot_imgspot_img