US spot bitcoin ETFs saw $235 million in net inflows yesterday, led by Fidelity’s FBTC
2024-10-08

U.S. spot bitcoin exchange-traded funds reported $235.19 million in net inflows on Monday, extending their streak of positive flows to two days.
Fidelity’s FBTC recorded the largest daily inflows among the 12 ETFs on Monday, with inflows of $103.68 million, according to SoSoValue data. BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, experienced net inflows of $97.88 million after reporting zero flows last Friday.
Bitwise’s BITB logged $13.09 million in net inflows, while Ark and 21Shares’ ARKB saw $12.63 million flow into the product. VanEck’s HODL reported inflows of $5.37 million, and Invesco’s BTCO recorded $2.53 million in inflows.
Grayscale’s GBTC, the second largest spot bitcoin ETF, and six other ETFs saw zero flows on Monday.
The total trading volume of the 12 ETFs amounted to $1.22 billion on Monday, slightly up from $1.19 billion on Friday and $1.13 billion on Thursday.
Ether ETFs saw no flows
Meanwhile, spot Ethereum ETFs in the U.S. recorded zero flows on Monday following net inflows of $7.39 million on Friday and net outflows of $3.2 million on Thursday.
The total trading volume of these nine ETFs shrank to $118.43 million on Monday, compared to $148.01 million on Friday.
Bitcoin dipped 1.4% over the past 24 hours to trade at $62,757 at the time of writing, while ether slid 2.09% to $2,442, according to The Block’s price page.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.