Cryptocurrency spot ETFs saw contrasting trends on August 16, with Bitcoin funds recording a net inflow while Ethereum funds experienced a net outflow.
The 12 Bitcoin spot ETFs in the U.S. witnessed a combined net inflow of $36.015 million. This positive movement was largely driven by substantial inflows into Fidelity’s FBTC ETF, which attracted $61.3469 million. BlackRock’s IBIT ETF also saw a notable inflow of $20.3854 million. However, Grayscale’s GBTC ETF experienced a significant outflow of $72.9033 million.
In contrast, the nine Ethereum spot ETFs faced a total net outflow of $15.005 million. Grayscale’s ETHE ETF accounted for a significant portion of this outflow, losing $27.743 million. Despite this, both BlackRock’s ETHA ETF and Fidelity’s FETH ETF recorded inflows of $10.3302 million and $7.2122 million respectively.
