The United States Spot Bitcoin ETFs and Ethereum Exchange-Traded Funds have had a poor week, as the bears are dominating the market.
As per data Bitcoins are available for purchase from Farside Investors.BTCYesterday, the 31st of July, ETFs saw a net increase in flows totaling approximately $300,000. BlackRock’s iShares Bitcoin Trust, (IBIT), saw inflows totaling $21 millions. This is the third consecutive month that there were no outflows.
Grayscale will also be celebrating the 31st of July. launched Bitcoin Mini Trust is listed on NYSE Arca under the BTC ticker. Inflows of $18 millions were recorded on the first day for this newly born ETF. The outflows of $38,7 million from Fidelity FBTC’s BITB and Ark 21Shares ARKB’s BITB offset the $18 million influx into the two new ETFs. Other investment products did not change.
Farside Investors data shows that spot Ethereum is (ETHETFs saw Net outflows of $77.2 Million on the 31st July. Grayscale ETHE Fund, with a $133.3-million outflow, was the expected source. The ETHE Fund has seen net outflows totaling $1.97billion since it was launched on July 23, 2010.
Grayscale Mini ETH Fund, on the other hand recorded inflows of $19.5 millions yesterday. Fidelity FETH came in second with 18.8 million dollars in new money, while BlackRock ETHA only saw $5 million. VanEck ETHV’s Bitwise ETHW’s and Ark 21Shares’ CETH ETFs registered $4.8 millions, $4.7million, and $3.33 million respectively in inflows. Invesco QETH, Franklin Templeton EZET and VanEck’s ETHV remained neutral.
According to a recent report, the cryptocurrency market has taken a turn for the worse. According to data CoinGecko reports that the market capitalization of the cryptocurrency industry has fallen by 3.1% during the past 24 hour and now stands at $ 2,41 trillion.
Bitcoin has fallen by 3.2% over the last 24 hours, and currently trades at $64,275. Ethereum has fallen 4.6% in the last day, and currently trades at $3170.
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Source: crypto.news
