Spot bitcoin exchange-traded funds (ETFs) in the U.S. recorded $45.14 million in net inflows on Wednesday, reversing recent trends of outflows. This follows a significant $554 million in outflows over the past three trading days.
According to data from SoSoValue, BlackRock’s IBIT led the inflows with $52.52 million, while WisdomTree’s BTCW attracted $10.5 million, marking its highest net inflows to date. Grayscale’s Bitcoin Mini Trust added $9.71 million, and Bitwise’s BITB saw $3 million in net inflows.
In contrast, Grayscale’s converted GBTC fund experienced $30.58 million in net outflows, making it the only bitcoin ETF to report negative flows on Wednesday. Seven other funds, including Fidelity’s FBTC and VanEck’s HODL, had no flow changes for the day.
Total trading volume for spot bitcoin ETFs was $1.79 billion on Wednesday, down from $2.2 billion the previous day. Since their inception in January, the 12 spot bitcoin funds have accumulated a total net inflow of $17.23 billion.
On the other hand, spot Ethereum ETFs saw a shift to net outflows, losing $23.68 million on Wednesday. Grayscale’s ETHE led the outflows with $31.86 million, while Fidelity’s FETH saw $4.7 million in net inflows. Bitwise and Franklin Templeton’s ether ETFs also reported net inflows.
The total daily trading volume for spot ether ETFs was $322.85 million, with the funds accumulating $387.35 million in net outflows since their listing on July 23.
Bitcoin’s price decreased by 0.57% over the past 24 hours to $56,943.41, while ether dropped 3.67% to $2,431.81, according to The Block’s crypto price page.
