{"id":16404,"date":"2024-08-26T17:25:09","date_gmt":"2024-08-26T14:25:09","guid":{"rendered":"https:\/\/forklog.com\/en\/weekly-inflows-into-bitcoin-etfs-surpass-500-million\/"},"modified":"2024-08-26T17:25:09","modified_gmt":"2024-08-26T14:25:09","slug":"weekly-inflows-into-bitcoin-etfs-surpass-500-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/weekly-inflows-into-bitcoin-etfs-surpass-500-million\/","title":{"rendered":"Weekly Inflows into Bitcoin ETFs Surpass $500 Million"},"content":{"rendered":"<p>Inflows into spot Bitcoin ETFs from August 19 to 23 amounted to $506.4 million, according to <a href=\"https:\/\/sosovalue.xyz\/assets\/etf\/us-btc-spot\">SoSoValue<\/a>. This positive trend continued for the second consecutive week.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1172.webp\" alt=\"1-1172\" class=\"wp-image-239669\"\/><figcaption class=\"wp-element-caption\">Data: SoSoValue.<\/figcaption><\/figure>\n<p>On August 23, clients withdrew $35.6 million from Grayscale&#8217;s GBTC.<\/p>\n<p>The structure of inflows was as follows:<\/p>\n<ul class=\"wp-block-list\">\n<li>IBIT from BlackRock \u2014 $86.8 million;<\/li>\n<li>FBTC from Fidelity \u2014 $64 million;<\/li>\n<li>BTC from Grayscale \u2014 $50.8 million;<\/li>\n<li>BITB from Bitwise \u2014 $42.3 million;<\/li>\n<li>ARKB from ARK Invest &#038; 21 Shares \u2014 $23.8 million;<\/li>\n<li>HODL from VanEck \u2014 $14.4 million;<\/li>\n<li>BTCO from Invesco \u2014 $3.2 million;<\/li>\n<li>BRRR from Valkyrie \u2014 $2.3 million.<\/li>\n<\/ul>\n<p>Other products recorded no change.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-871.webp\" alt=\"2-871\" class=\"wp-image-239670\"\/><figcaption class=\"wp-element-caption\">Data: SoSoValue.<\/figcaption><\/figure>\n<p>Total inflows <a href=\"https:\/\/u1f987.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\">since the approval<\/a> of BTC-ETFs in January have increased to $17.9 billion.<\/p>\n<h2 class=\"wp-block-heading\"><strong>ETH-ETF<\/strong><\/h2>\n<p>Outflows from spot Ethereum ETFs from August 19 to 23 totaled $44.5 million, according to <a href=\"https:\/\/sosovalue.xyz\/assets\/etf\/us-eth-spot\">SoSoValue<\/a>. This negative trend continued for the second consecutive week.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/3-492.webp\" alt=\"3-492\" class=\"wp-image-239671\"\/><figcaption class=\"wp-element-caption\">Data: SoSoValue.<\/figcaption><\/figure>\n<p>Net withdrawals for the entire period increased to $464.7 million.<\/p>\n<p>Total outflows from the Grayscale Ethereum Trust (ETHE) rose to $2.53 billion. On August 23, the figure increased by $9.8 million.<\/p>\n<p>Inflows into ETHA from BlackRock reached $1 billion.<\/p>\n<p>FETH from Fidelity attracted a total of $390.5 million, ETHW from Bitwise \u2014 $312.2 million, ETH from Grayscale \u2014 $235.8 million.<\/p>\n<p>Inflows into other products ranged from $10.8 million to $63.1 million.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/4-315.webp\" alt=\"4-315\" class=\"wp-image-239672\"\/><figcaption class=\"wp-element-caption\">Data: SoSoValue.<\/figcaption><\/figure>\n<p>As reported by CoinShares, the increased demand for Bitcoin funds was linked to Federal Reserve Chairman <span data-descr=\"Federal Reserve System of the United States\" class=\"old_tooltip\">Jerome Powell&#8217;s<\/span> speech at the Jackson Hole symposium, where he confirmed the possibility of a rate cut in September.<\/p>\n<p>Earlier, experts noted several factors that could reignite a bull run for the leading cryptocurrency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inflows into spot Bitcoin ETFs from August 19 to 23 amounted to $506.4 million, according to SoSoValue. This positive trend continued for the second consecutive week. Data: SoSoValue. On August 23, clients withdrew $35.6 million from Grayscale&#8217;s GBTC. The structure of inflows was as follows: IBIT from BlackRock \u2014 $86.8 million; FBTC from Fidelity \u2014 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16403,"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":[569,1145],"class_list":["post-16404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-etf","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=16404"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16404\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16403"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}