The total value of spot Bitcoin ETFs in the U.S. has hit a record high for Aug, reaching around $58.4 billion. This comes after a week of steady positive inflows, which continued through Friday.
Furthermore, Friday saw the biggest surge of funds since this streak started, with a remarkable net gain of $252 million. This is the highest net inflow since July. 22, over a month ago, according to SoSoValue.
BlackRock IBIT tops Bitcoin ETF inflows
BlackRock’s IBIT, the largest spot Bitcoin ETF by total assets, extended its lead over other funds by recording the highest net inflow of approximately $87 million.
Fidelity’s FBTC logged a notable $64 million in inflows, the second-highest. Meanwhile, Grayscale’s GBTC experienced an outflow of $35 million, the only fund to do so. However, Grayscale’s Bitcoin Mini Trust (BTC) had a solid $50 million inflow, securing the third spot.
Bitwise’s BITB fund brought in $42 million, while Ark and 21Shares’ ARKB attracted $24 million. VanEck’s HODL saw a $14 million boost. Invesco’s BTCO and Valkyrie’s BRRR received $3 million and $2 million in new investments, respectively. The rest of the funds didn’t experience any major changes.
Spot Ether ETFs experience a week of outflows
Ethereum spot ETFs have faced seven consecutive days of net outflows, the opposite of Bitcoin’s winning streak. On Friday, these funds saw a $5.7 million outflow, making the total withdrawals since the streak started on Aug. 15 nearly $99 million.
On Friday, Grayscale’s ETHE experienced a $9.8 million outflow, pushing its total into the red. Meanwhile, VanEck’s ETHV saw a $2.0 million increase in inflows, and Bitwise’s ETHW brought in $1.4 million. Fidelity’s FETH added around $700,000, while the rest of the funds remained relatively unchanged.
Despite the outflows, the total net assets of the combined funds have reached their highest point since Aug. 2 due to the ups and downs in Ether’s price, according to SoSoValue data.
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