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Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Bitcoin ETFs see smallest net inflow on record, Grayscale mini BTC positive

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Farside data reveals that Bitcoin exchange-traded funds (ETFs) experienced a minimal net inflow of just $0.3 million, marking the most negligible net inflow since these ETFs began trading on Jan. 11. BlackRock’s IBIT continued to attract investments with a $21.0 million inflow. However, three out of the top four issuers faced outflows once again: Fidelity’s FBTC recorded a $31.6 million outflow, Bitwise’s BITB saw a $2.5 million outflow, and ARK’s ARKB had a $4.6 million outflow.

A notable development came from Grayscale, GBTC, which experienced no outflows. July 31 marked the inaugural trading day for Grayscale’s new mini trust BTC, which attracted an $18.0 million inflow; the fund was initially provided with 10% of GBTC’s Bitcoin assets. This mini trust launched with the lowest fees among all ETFs at just 15 basis points and saw $27 million in trading volume, ranking it sixth among ETFs in volume traded according to Soso Value. Overall, ETF inflows have reached $17.7 billion.

Bitcoin ETF Flow Table: (Source: Farside)
Bitcoin ETF Flow Table: (Source: Farside)

In contrast, Ethereum ETFs continued to see outflows totaling $77.2 million on July 31. Grayscale’s ETHE contributed significantly with an additional $133.3 million outflow, bringing its total outflows to $2.0 billion. Inflows remain muted, with total outflows now amounting to $483.6 million.

Ethereum ETF Flow Table: (Source: Farside)
Ethereum ETF Flow Table: (Source: Farside)

The post Bitcoin ETFs see smallest net inflow on record, Grayscale mini BTC positive appeared first on CryptoSlate.

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