{"id":16336,"date":"2024-08-23T10:39:35","date_gmt":"2024-08-23T07:39:35","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-etf-inflows-persist-for-sixth-consecutive-day\/"},"modified":"2024-08-23T10:39:35","modified_gmt":"2024-08-23T07:39:35","slug":"bitcoin-etf-inflows-persist-for-sixth-consecutive-day","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-etf-inflows-persist-for-sixth-consecutive-day\/","title":{"rendered":"Bitcoin ETF Inflows Persist for Sixth Consecutive Day"},"content":{"rendered":"<p>On August 22, inflows into spot Bitcoin ETFs amounted to $64.9 million, according to <a href=\"https:\/\/sosovalue.xyz\/assets\/etf\/us-btc-spot\">SoSoValue<\/a>. This positive trend continued for the sixth consecutive day.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1165.webp\" alt=\"1-1165\" class=\"wp-image-239503\"\/><figcaption class=\"wp-element-caption\">Data: SoSoValue.<\/figcaption><\/figure>\n<p>Clients withdrew $28.4 million from Grayscale&#8217;s GBTC and $11.5 million from Bitwise&#8217;s BITB.<\/p>\n<p>The structure of inflows is as follows:<\/p>\n<ul class=\"wp-block-list\">\n<li>IBIT from BlackRock \u2014 $75.5 million;<\/li>\n<li>FBTC from Fidelity \u2014 $9.2 million;<\/li>\n<li>ARKB from Ark Invest and 21 Shares \u2014 $7.8 million;<\/li>\n<li>BTCW from WisdomTree \u2014 $4.8 million;<\/li>\n<li>BTC from Grayscale \u2014 $4 million;<\/li>\n<li>HODL from VanEck \u2014 $3.4 million.<\/li>\n<\/ul>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-867.webp\" alt=\"2-867\" class=\"wp-image-239504\"\/><figcaption class=\"wp-element-caption\">Data: SoSoValue.<\/figcaption><\/figure>\n<p>The cumulative inflow <a href=\"https:\/\/forklog.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\">since the approval<\/a> of BTC-ETF in January has decreased to $17.6 billion.<\/p>\n<h2 class=\"wp-block-heading\"><strong>ETH-<\/strong>ETF<\/h2>\n<p>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.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/3-490.webp\" alt=\"3-490\" class=\"wp-image-239506\"\/><figcaption class=\"wp-element-caption\">Data: SoSoValue.<\/figcaption><\/figure>\n<p>The net outflow for the entire period increased to $459 million.<\/p>\n<p>The total withdrawal from the Grayscale Ethereum Trust (ETHE) rose to $2.52 billion. On August 22, the figure increased by $19.8 million.<\/p>\n<p>Inflows into FETH from Fidelity on the last reporting day amounted to $14.3 million, into ETH from Grayscale \u2014 $3.7 million, and into ETHV from VanEck \u2014 $0.95 million.<\/p>\n<p>No change was recorded in other products.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/4e.webp\" alt=\"4e\" class=\"wp-image-239501\"\/><figcaption class=\"wp-element-caption\">Data: SoSoValue.<\/figcaption><\/figure>\n<p>Earlier, Bloomberg deemed the chances of Solana-ETF approval in 2024 as nil. This was in response to the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span>&#8216;s rejection of proposals to register the instrument from the <span data-descr=\"Chicago Board Options Exchange\" class=\"old_tooltip\">CBOE<\/span>.<\/p>\n<p>Previously, Solana-based funds faced a record outflow of $39 million amid a sharp decline in meme-token trading volumes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. Data: SoSoValue. Clients withdrew $28.4 million from Grayscale&#8217;s GBTC and $11.5 million from Bitwise&#8217;s BITB. The structure of inflows is as follows: IBIT from BlackRock \u2014 $75.5 million; FBTC from Fidelity [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16335,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1145],"class_list":["post-16336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=16336"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16336\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/16335"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=16336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=16336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=16336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}