As of August 2024, US Bitcoin spot ETFs have witnessed a complete web influx of $64.9072 Million, & ETH ETF noticed $874k outflows.
The US Bitcoin spot ETFs’ web influx of $64.9072 Million continues a web influx for six consecutive days. Among the many key gamers, Grayscale ETF GBTC had an outflow of $28.362 Million, BlackRock ETF IBIT had an influx of $75.4907 Million, and Constancy ETF FBTC had an influx of $9.2252 Million. At the moment, the full web asset worth of Bitcoin spot ETFs is $55.131 Billion.
Ethereum spot ETF had a complete web outflow of $874,600 on August 22 and continued to have web outflows for six days. Grayscale ETF ETHE had an outflow of $19.8427 Million. Grayscale mini ETF ETH had an influx of $3.6837 Million. Grayscale’s ETF is anticipated to achieve 50% by October. and Constancy ETF FETH had an influx of $14.3303 Million. The overall web asset worth of Ethereum spot ETF is $7.265 Billion.
With regards to clashes between the titans, BlackRock has extra crypto holdings than Grayscale.$61,017.21.
BLACKROCK NOW HAS MORE CRYPTO THAN GRAYSCALE
Blackrock has now overtaken Grayscale in whole on-chain holdings. This makes Blackrock the most important ETF-related entity on Arkham.
Blackrock: $22,143,715,559
Grayscale: $21,996,062,828 pic.twitter.com/YrPZdrMObk— Arkham (@ArkhamIntel) August 22, 2024
On the time of writing, bitcoin is buying and selling at $61,012.04 after witnessing a leap of 0.4% previously day. The rise will also be attributed to buyers extremely anticipating FED chair Powell’s speech on Friday. In the meantime, Ethereum is buying and selling at $2,673.30 and likewise noticed a surge of 1.95% previously day.
Additionally Learn: Q2 2024: $4.7B Institutional Funding in Spot Bitcoin ETF
