Aug 15, 2024
SOC Team
US Bitcoin and Ethereum ETF Net Inflows Update on August 14, 2024
The US Spot ETF Net Inflows on August 14, 2024, are recorded at -$81M for BTC and +$11M for ETH.
Fig 1. The US Bitcoin and Ethereum ETF inflows.
1. Key statistics for 11 Bitcoin Spot ETFs: -$81M
- The net flow turned negative after 2 days of being positive.
- Grayscale Bitcoin Trust (GBTC) saw its outflow double, from $28.6M to $56.9M.
- Four other major US Bitcoin ETFs, including BlackRock's iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), ARK 21Shares Bitcoin ETF (ARKB), and Bitwise Bitcoin ETF (BITB), all experienced significantly lower net flows compared to the previous trading day.
- The cumulative total net inflow after 149 trading days now stands at $17.32B.
Fig 2. 30-Day Net Inflow of 11 Bitcoin ETFs.
2. Key statistics for 9 Ethereum Spot ETFs: +$11M
- The net flow remains positive for 3 consecutive days.
- Grayscale Ethereum Trust (ETHE) continued to experience outflows, but of a smaller amount.
- The single-day inflow for BlackRock's iShares Ethereum Trust (ETHA) dropped from $49M to just $16M.
- The cumulative total net inflow after 17 trading days now stands at -$366M.
Fig 3. 17-Day Net Inflow of 9 Ethereum ETFs.