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5 months ago
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ARTICLE AD BOX
- BlackRock’s IBIT had the day’s greatest net inflows, receiving $110.37 million.
- In contrast, $6 million left Bitwise’s BITB and $53.86 million left Grayscale’s GBTC.
On Wednesday, a total of $53.35 million daily net inflow was recorded into the eleven U.S. spot bitcoin exchange-traded funds, bringing the positive run to nine days. Having said that, Tuesday’s net inflows of $422 million were far higher.
SoSoValue data shows that BlackRock’s IBIT had the day’s greatest net inflows, receiving $110.37 million. On Wednesday, the spot bitcoin ETF with the highest net asset value witnessed transaction volume of $1.21 billion. With $2.83 million, Fidelity’s FBTC was the only other fund to announce net inflows.
In contrast, $6 million left Bitwise’s BITB and $53.86 million left Grayscale’s GBTC. Ark Invest and 21Shares’ ARKB, were among the seven funds that reported no movements yesterday.
Moreover, on Wednesday, the U.S spot bitcoin funds traded a total of $1.79 billion in value. The voolume of trades is still far lower than in March, when there were days with over $8 billion traded. After their January inception, the ETFs have received a total of $16.59 billion in net inflows.
All Eyes on Spot ETH ETF
US exchange-traded funds (ETFs) from BlackRock, Fidelity, Grayscale, Bitwise, and others revealed their cost structures for prospective spot Ethereum ETFs on Wednesday. Like many other issuers, BlackRock decided to set its charge at 0.25%. But, in contrast to the other issuers, Grayscale set their charge for the Grayscale Ethereum Trust at 2.5%.
The number of modified S-1 registration forms has increased, and some have already specified the costs and periods of waiver that they intend to charge. The spot Ether ETF offered by Franklin Templeton will have the lowest fee of 0.19%, followed by the Ethereum ETFs by Bitwise and VanEck, both of which are set at 0.20%.
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