NEW YORK, August 21, 2024 - On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw significant inflows of $88.06 million, while ether ETFs experienced outflows totaling $6.49 million. Blackrock’s IBIT and ETHA led the market, capturing the largest inflows of the day.

According to data from sosovalue.xyz, spot bitcoin ETFs amassed $88.06 million on Tuesday, with Blackrock’s IBIT topping the charts by securing $55.43 million. Close behind, Ark Invest’s and 21Shares’ ARKB fund added $51.91 million. However, Grayscale’s GBTC faced a setback, recording $12.81 million in net outflows, and Bitwise’s BITB shed $6.47 million. The remaining eight funds remained relatively stagnant.

These inflows brought the total net inflows since January 11 to $17.52 billion, with the 12 funds collectively holding $54.25 billion in BTC as of August 21, 2024. This substantial reserve represents 4.63% of bitcoin’s total market value.

On the ethereum front, Blackrock’s ETHA saw a gain of $26.77 million, followed by Bitwise’s ETHW, which added $3.73 million. Conversely, Grayscale’s ETHE experienced a significant loss, with outflows of $36.99 million. The remaining U.S.-based ether funds showed no movement, with no gains or losses reported. The $6.49 million in outflows has pushed the nine ETFs' net outflows to $440.11 million to date.

Tuesday’s trade volume for the nine ETH ETFs reached $194.66 million, with these funds collectively holding $7.27 billion in ethereum, representing 2.33% of ETH’s total market cap as of August 21.