Spot Bitcoin ETFs See Positive Flows: $105M Net Inflows!

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U.S. spot bitcoin exchange-traded funds (ETFs) saw their fifth consecutive day of positive net inflows on Wednesday, totaling $105.84 million.

BlackRock’s IBIT, the largest bitcoin ETF by assets under management, led the day with net inflows of $184.38 million, as reported by SoSoValue. Bitwise’s BITB was the only other fund to post positive inflows, recording $2.07 million.

Conversely, Ark Invest and 21Shares’ ARKB experienced significant outflows of $47.41 million on Wednesday, along with $33.19 million in net outflows from Fidelity’s FBTC. The other eight funds, including Grayscale’s GBTC, reported no changes in their flows for the day.

Overall, the 12 spot bitcoin funds saw a daily trading volume of $795.88 million, a decrease from Tuesday’s $1.11 billion. Since their launch in January, the ETFs have collectively garnered net inflows of $17.94 billion.

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Ether ETFs Continue to See Inflows

Spot ether ETFs also experienced positive net inflows on Wednesday, amounting to $43.23 million. The Grayscale Ethereum Mini Trust led the pack with inflows of $26.63 million.

BlackRock’s ETHA followed with $9.38 million in net inflows, while Fidelity’s FETH brought in $6.45 million. Additionally, 21Shares’ CETH recorded inflows of about $774,100, marking its first positive inflows since July 31.

The nine ether ETFs had a total trading volume of $124.18 million on Wednesday. Since their launch in July, these funds have reported a cumulative net outflow of $580.94 million.

Regulatory Decision Delayed

In other ETF-related news, the U.S. Securities and Exchange Commission (SEC) has postponed its decision on the listing and trading of options for BlackRock, Bitwise, and Grayscale’s Ethereum ETFs. Originally expected on Thursday, the decision has now been rescheduled for November.

Meanwhile, bitcoin’s price dropped by 0.99% in the last 24 hours, trading at $63,565 according to data from PRIME X. Ether also saw a decline, falling 0.58% to $2,610 during the same period.