In the spot Bitcoin and Ethereum ETF sector, capital inflows have been recorded

On August 1, 2024, the American cryptocurrency ETF sector saw positive dynamics. Bitcoin ETFs experienced a net daily capital inflow of $50.64 million, while Ethereum ETFs saw an outflow of $77.21 million, according to SoSo Value.

Among Bitcoin-based funds, five products recorded capital outflows. However, losses were offset by the Bitcoin Mini Trust from Grayscale Investments and IBIT from BlackRock, which saw inflows of $191.13 million and $25.9 million, respectively.

In the Ethereum ETF sector, there was an inflow of $26.75 million. Only the Grayscale Ethereum Trust ETF (ETHE) experienced an outflow of $77.95 million. This negative trend in the fund has persisted since the product’s launch, though the outflow has been decreasing each day.