Bitcoin ETF Inflows Persist for Sixth Consecutive Day

On August 22, inflows into spot Bitcoin ETFs amounted to $64.9 million, according to SoSoValue. This positive trend continued for the sixth consecutive day.

Clients withdrew $28.4 million from Grayscale’s GBTC and $11.5 million from Bitwise’s BITB.

The structure of inflows is as follows:

• IBIT from BlackRock — $75.5 million;
• FBTC from Fidelity — $9.2 million;
• ARKB from Ark Invest and 21 Shares — $7.8 million;
• BTCW from WisdomTree — $4.8 million;
• BTC from Grayscale — $4 million;
• HODL from VanEck — $3.4 million.

The cumulative inflow since the approval of BTC-ETF in January has decreased to $17.6 billion.

ETH-ETF

On August 22, the pace of outflows from spot Ethereum ETFs slowed from $18 million to $0.9 million. This negative trend continued for the sixth consecutive day.

The net outflow for the entire period increased to $459 million.

The total withdrawal from the Grayscale Ethereum Trust (ETHE) rose to $2.52 billion. On August 22, the figure increased by $19.8 million.

Inflows into FETH from Fidelity on the last reporting day amounted to $14.3 million, into ETH from Grayscale — $3.7 million, and into ETHV from VanEck — $0.95 million.

No change was recorded in other products.

Earlier, Bloomberg deemed the chances of Solana-ETF approval in 2024 as nil. This was in response to the SEC‘s rejection of proposals to register the instrument from the CBOE.

Previously, Solana-based funds faced a record outflow of $39 million amid a sharp decline in meme-token trading volumes.