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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.

BlackRock’s IBIT spearheads Bitcoin ETF inflows with $52.5 million inflow

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Quick Take

Bitcoin

Farside data shows that the Bitcoin (BTC) exchange-traded funds (ETFs) experienced an inflow of $45.1 million on Aug. 7—the first since Aug. 1st. This surge was primarily driven by BlackRock’s IBIT, which saw an impressive $52.5 million inflow, bringing its total net inflows to $20.2 billion. Additionally, WisdomTree’s BTCW reported a $10.5 million inflow, while the Grayscale Mini Trust BTC observed a $9.7 million inflow. In contrast, the Grayscale GBTC experienced an outflow of $30.6 million, resulting in a total net outflow of $19.2 billion. Notably, no other ETF issuer reported any outflows. Consequently, the total inflow into Bitcoin ETFs now stands at $17.2 billion.

BTC ETF Flow: (Source: Farside)
BTC ETF Flow: (Source: Farside)

Ethereum

On the other hand, Ethereum (ETH) ETFs saw an outflow of $23.7 million, with Grayscale’s ETHE continuing to report reduced outflows, amounting to $31.9 million. Since their launch, no other Ethereum ETF has experienced outflows. The total outflows for Ethereum ETFs have now reached $387.7 million, according to Farside data.

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

 

The post BlackRock’s IBIT spearheads Bitcoin ETF inflows with $52.5 million inflow appeared first on CryptoSlate.

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