Spot Bitcoin ETF: Remarkable $230M Inflow Boosts Crypto Market Confidence

Key Points

1. U.S. Spot Ethereum ETFs recorded a combined net inflow of $639.74 million on August 14, marking the eighth consecutive day of positive flows.

2. Fidelity’s FETH attracted $56.94 million, while Invesco’s QETH contributed $2.26 million to the Ethereum ETF inflows.

3. U.S. Spot Bitcoin ETFs saw a net inflow of $230.55 million, their seventh consecutive day of positive flows, though some funds like ARKB, FBTC, BITB, and HODL experienced outflows.

4. Grayscale’s mini BTC saw $7.32 million in inflows, while other Bitcoin ETFs like ARKB, FBTC, BITB, and HODL recorded outflows of $149.92 million, $113.47 million, $30.87 million, and $5.85 million respectively.

5. The consecutive positive inflows for both Bitcoin and Ethereum ETFs indicate increasing institutional adoption and provide a regulated, accessible way for investors to gain exposure to cryptocurrencies.