What we see here is the spot ETF holder organization moving their ETH ETF profit into Bitcoin ETF for better maximization of the market and I believe this is just the beginning of them using this strategy for their profit.
The best thing we can do is play another with them since they are the major market manipulator now.
Topic: [2024-08-20] Spot Bitcoin ETFs See $61.98M Inflows on Monday as Ether ETFs ... (Read 86 times)
August 20, 2024, 10:08:08 AM
August 20, 2024, 09:28:32 AM
Spot Bitcoin ETFs See $61.98M Inflows on Monday as Ether ETFs Struggle
On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) saw an influx of $61.98 million, while spot ether ETFs experienced net outflows totaling $13.52 million. Among the 12 BTC ETFs, Blackrock was the standout performer, while Grayscale’s Mini Ethereum Trust led the gains in the ETH ETF category.
Spot Bitcoin ETFs Gain $61.98M, Ether ETFs Face $13.52M in Outflows
On Aug. 19, the 12 spot bitcoin ETFs closed the trading day with gains, collectively raking in $61.98 million. Blackrock’s IBIT took the lead, securing $92.68 million and bringing its total net inflows since Jan. 11 to an impressive $20.48 billion. Fidelity’s FBTC was the only other fund to see gains, adding $3.87 million to its tally, according to sosovalue.xyz statistics.
Among the group, two funds experienced outflows, with Bitwise’s BITB shedding the most at $25.72 million, followed by Invesco and Galaxy’s BTCO, which lost $8.84 million. The remaining ETFs—GBTC, ARKB, Grayscale’s Mini Bitcoin Trust, HODL, BRRR, EZBC, BTCW, and DEFI—saw a neutral trading day with no significant movement. The $61.98 million collected on Monday brought the total net inflows for all 12 funds since Jan. 11 to $17.43 billion.
In contrast, the nine spot ether ETFs had a rough day, with outflows totaling $13.52 million. Grayscale’s Mini Ethereum Trust stood out as the top performer, gathering $4.92 million, followed by Bitwise’s ETHW fund, which recorded $1.87 million in gains. The rest of the funds—ETHA, FETH, ETHV, EZET, QETH, and CETH—remained steady with no gains or losses. However, Grayscale’s ETHE fund had a tough day, shedding $20.3 million, driving the day’s trading into negative territory.
Despite the recent losses, the nine ether ETFs have been down $433.62 million since their launch, with Grayscale’s ETHE accounting for $2.43 billion in net outflows. Currently, the ETH ETFs hold $7.30 billion in ether, representing 2.32% of ethereum’s market capitalization. Meanwhile, the BTC ETFs now hold $53.77 billion in bitcoin, making up 4.61% of BTC’s total market valuation.
Source: https://news.bitcoin.com/spot-bitcoin-etfs-see-61-98m-inflows-on-monday-as-ether-etfs-struggle/
On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) saw an influx of $61.98 million, while spot ether ETFs experienced net outflows totaling $13.52 million. Among the 12 BTC ETFs, Blackrock was the standout performer, while Grayscale’s Mini Ethereum Trust led the gains in the ETH ETF category.
Spot Bitcoin ETFs Gain $61.98M, Ether ETFs Face $13.52M in Outflows
On Aug. 19, the 12 spot bitcoin ETFs closed the trading day with gains, collectively raking in $61.98 million. Blackrock’s IBIT took the lead, securing $92.68 million and bringing its total net inflows since Jan. 11 to an impressive $20.48 billion. Fidelity’s FBTC was the only other fund to see gains, adding $3.87 million to its tally, according to sosovalue.xyz statistics.
Among the group, two funds experienced outflows, with Bitwise’s BITB shedding the most at $25.72 million, followed by Invesco and Galaxy’s BTCO, which lost $8.84 million. The remaining ETFs—GBTC, ARKB, Grayscale’s Mini Bitcoin Trust, HODL, BRRR, EZBC, BTCW, and DEFI—saw a neutral trading day with no significant movement. The $61.98 million collected on Monday brought the total net inflows for all 12 funds since Jan. 11 to $17.43 billion.
In contrast, the nine spot ether ETFs had a rough day, with outflows totaling $13.52 million. Grayscale’s Mini Ethereum Trust stood out as the top performer, gathering $4.92 million, followed by Bitwise’s ETHW fund, which recorded $1.87 million in gains. The rest of the funds—ETHA, FETH, ETHV, EZET, QETH, and CETH—remained steady with no gains or losses. However, Grayscale’s ETHE fund had a tough day, shedding $20.3 million, driving the day’s trading into negative territory.
Despite the recent losses, the nine ether ETFs have been down $433.62 million since their launch, with Grayscale’s ETHE accounting for $2.43 billion in net outflows. Currently, the ETH ETFs hold $7.30 billion in ether, representing 2.32% of ethereum’s market capitalization. Meanwhile, the BTC ETFs now hold $53.77 billion in bitcoin, making up 4.61% of BTC’s total market valuation.
Source: https://news.bitcoin.com/spot-bitcoin-etfs-see-61-98m-inflows-on-monday-as-ether-etfs-struggle/
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