Bitcoin ETFs record sixth consecutive trading day of inflows amid BlackRock surge

Fast Take

Bitcoin

Bitcoin ETFs continued their optimistic momentum, recording their sixth consecutive buying and selling day of inflows on Aug. 22, with a complete influx of $64.8 million. BlackRock’s IBIT led the surge, attracting $75.5 million, bringing its complete internet influx to a powerful $20.6 billion. Different inflows included Constancy’s FBTC with $9.2 million, Ark’s ARKB with $7.8 million, WisdomTree’s BTCW with $4.8 million, and VanEck’s HODL with $3.4 million.

Grayscale’s BTC additionally contributed with a $4 million influx. Nevertheless, there have been outflows from Grayscale’s GBTC, which noticed a $28.4 million decline, and Bitwise’s BITB, which misplaced $11.5 million. Regardless of these outflows, the entire inflows for Bitcoin ETFs stand robust at $17.6 billion.

BTC ETF: (Supply: Farside)

Ethereum

In distinction, Ethereum ETFs skilled a internet outflow, persevering with their current pattern. The sector noticed a modest $0.8 million outflow total on Aug. 22. Grayscale’s ETHE was the most important contributor to this decline, with a $19.8 million outflow, whereas Constancy’s FETH partially offset the loss with a $14.3 million influx. The cumulative outflows for Ethereum ETFs now complete $459.3 million, highlighting the continuing divergence in investor sentiment between Bitcoin and Ethereum ETFs.

ETH ETF: (Source: Farside) — ETH ETF: (Supply: Farside)

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