{"id":16415,"date":"2024-08-27T11:12:41","date_gmt":"2024-08-27T08:12:41","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-etf-inflows-continue-for-eighth-consecutive-day\/"},"modified":"2024-08-27T11:12:41","modified_gmt":"2024-08-27T08:12:41","slug":"bitcoin-etf-inflows-continue-for-eighth-consecutive-day","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-etf-inflows-continue-for-eighth-consecutive-day\/","title":{"rendered":"Bitcoin ETF Inflows Continue for Eighth Consecutive Day"},"content":{"rendered":"<p>On August 26, inflows into spot Bitcoin ETFs reached $202.5 million, according to <a href=\"https:\/\/sosovalue.xyz\/assets\/etf\/us-btc-spot\">SoSoValue<\/a>. The total for the past eight days amounted to $756 million.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1173.webp\" alt=\"1-1173\" class=\"wp-image-239699\"\/><figcaption class=\"wp-element-caption\">Data: SoSoValue.<\/figcaption><\/figure>\n<p>Clients added $224.1 million to BlackRock&#8217;s IBIT, $5.5 million to Franklin Templeton&#8217;s EZBC, and $5.1 million to WisdomTree&#8217;s BTCW.<\/p>\n<p>There was an outflow of $16.6 million from Bitwise&#8217;s BITB, $8.3 million from Fidelity&#8217;s FBTC, and $7.2 million from VanEck&#8217;s HODL.<\/p>\n<p>No changes were observed in Grayscale&#8217;s GBTC, ARK Invest &#038; 21 Shares&#8217; ARKB, Valkyrie&#8217;s BRRR, and Invesco&#8217;s BTCO.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-872.webp\" alt=\"2-872\" class=\"wp-image-239700\"\/><figcaption class=\"wp-element-caption\">Data: SoSoValue.<\/figcaption><\/figure>\n<p>Cumulative 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 $18.1 billion.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Ethereum-ETF<\/strong><\/h2>\n<p>On August 26, outflows from spot Ethereum ETFs amounted to $13.2 million, according to <a href=\"https:\/\/sosovalue.xyz\/assets\/etf\/us-eth-spot\">SoSoValue<\/a>. The negative trend continued for the eighth consecutive day.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/3-493.webp\" alt=\"3-493\" class=\"wp-image-239701\"\/><figcaption class=\"wp-element-caption\">Data: SoSoValue.<\/figcaption><\/figure>\n<p>The net withdrawal over the entire period increased to $477.9 million.<\/p>\n<p>The cumulative outflow from Grayscale Ethereum Trust (ETHE) rose to $2.54 billion, with an increase of $9.5 million on August 26.<\/p>\n<p>On the last reporting day, clients withdrew $2.7 million from Fidelity&#8217;s FETH and $1 million from Franklin Templeton&#8217;s EZET.<\/p>\n<p>No changes were observed in other products.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/4-316.webp\" alt=\"4-316\" class=\"wp-image-239702\"\/><figcaption class=\"wp-element-caption\">Data: SoSoValue.<\/figcaption><\/figure>\n<p>CoinShares linked the increased demand for Bitcoin funds to a speech by <span data-descr=\"Federal Reserve System of the United States\" class=\"old_tooltip\">Fed<\/span> Chairman Jerome Powell at the Jackson Hole symposium, where he confirmed the possibility of a rate cut in September.<\/p>\n<p>Earlier, QCP Capital predicted that the price of the first cryptocurrency would move sideways between $62,000 and $67,000 due to a lack of growth signals in the options market until October.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On August 26, inflows into spot Bitcoin ETFs reached $202.5 million, according to SoSoValue. The total for the past eight days amounted to $756 million. Data: SoSoValue. Clients added $224.1 million to BlackRock&#8217;s IBIT, $5.5 million to Franklin Templeton&#8217;s EZBC, and $5.1 million to WisdomTree&#8217;s BTCW. There was an outflow of $16.6 million from Bitwise&#8217;s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16414,"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-16415","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":"19","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16415","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=16415"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16415\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16414"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}