Spot bitcoin ETFs see eighth day of inflows, led by BlackRock's $224 million

Reported by The Block: U.S. spot bitcoin ETFs reported $202 million in net inflows on Monday, marking their eighth consecutive day of positive flows.

Ether ETFs recorded another day of total net outflows.

Spot bitcoin exchange-traded funds in the U.S. saw $202.51 million in total daily net inflows on Monday, marking their eighth consecutive day of positive flows.  The 12 bitcoin funds have drawn in $756 million over the past eight trading days.

Monday’s largest net inflows came from BlackRock’s IBIT fund, totaling $224.06 million, its largest daily inflows since July 22, according to data from SoSoValue.  Two other funds saw smaller net inflows: Franklin Templeton’s EZBC recorded $5.52 million and WisdomTree’s BTCW logged $5 million in net inflows.

Bitwise’s BITB recorded outflows of $16.61 million, the largest net outflows on Monday, followed by $8.33 million from Fidelity’s FBTC.  VanEck’s HODL also saw $7.18 million move out of the fund.  The six other funds, including Grayscale’s GBTC, experienced zero flows for the day.

The spot bitcoin funds' trading volume shrank to $1.2 billion yesterday from $3.12 billion last Friday, reverting to typical levels.  The funds have accumulated total net inflows of $18.08 billion since their January inception.

Ether continues to experience outflows
Meanwhile, U.S. spot ether funds remained on the opposite track, reporting their eighth consecutive day of negative flows.

Monday saw $13.23 million in net outflows from ether funds, led by $9.52 million from Grayscale’s ETHE.  Fidelity’s FETH saw outflows of $2.69 million, while Franklin Templeton reported $1.02 million in net outflows.  No spot ether ETFs recorded positive flows on Monday.

Spot ether funds saw $125.73 million in trading volume on Monday.  They have accumulated total net outflows of $477.88 million.