BlackRock ETFs dominate Bitcoin and Ethereum inflows

Quick Take
Bitcoin
On Aug. 13, Bitcoin ETFs experienced a net inflow of $39.0 million, according to data from Farside. Notably, three of the five largest ETF issuers saw positive inflows. BlackRock’s IBIT led the pack with a $34.6 million inflow, followed by Fidelity’s FBTC, which garnered $22.6 million, and Bitwise’s BITB, which saw an inflow of $16.5 million. However, Grayscale’s GBTC and Ark’s ARKB experienced outflows of $28.6 million and $6.1 million, respectively. Despite these outflows, the total inflows into Bitcoin ETFs have now reached $17.4 billion.
Bitcoin ETF Flow: (Source: Farside)
Ethereum
Ethereum ETFs also saw an inflow of $24.3 million. BlackRock’s ETHA reported an inflow of $49.1 million, and Grayscale’s ETHE recorded an outflow of $31.0 million, breaking its previous day of no outflows. Total outflows for the Ethereum ETFs are now at $377.1 million, according to Farside.
Ethereum ETF Flow: (Source: Farside)
The post BlackRock ETFs dominate Bitcoin and Ethereum inflows appeared first on CryptoSlate.