Bitcoin
EthereumMonthly Overview
In August 2024, net flows into spot crypto ETFs were negative, with a total net outflow of -$86.0M. The month saw significant concentration in flows, primarily driven by Bitcoin and Ethereum, with only these two assets recording activity.
Weekly Breakdown
| Week | Net flow |
|---|---|
| Aug 1 – Aug 2 | -$214.4M |
| Aug 5 – Aug 9 | -$62.2M |
| Aug 12 – Aug 16 | +$18.3M |
| Aug 19 – Aug 23 | +$461.9M |
| Aug 26 – Aug 30 | -$289.6M |
Biggest Fund Moves
Largest inflows
- BlackRock (BTC): +$888.9M
- BlackRock (ETH): +$389.4M
- Grayscale BTC (BTC): +$329.9M
- WisdomTree (BTC): +$138.9M
- Fidelity (ETH): +$113.5M
Largest outflows
Market Interpretation
Bitcoin experienced substantial outflows totaling -$92.2M, despite inflows of +$1.4B, indicating a significant capital withdrawal from the asset. Ethereum, on the other hand, managed a small net inflow of +$6.2M, suggesting some institutional interest remained despite the overall negative sentiment. Notably, the strongest day for flows was August 23, with +$246.3M, while the worst day occurred on August 2, reflecting a critical point of capital loss.
Conclusion
The month concluded with a net figure of -$86.0M, highlighting a trend of outflows amid fluctuating inflow activity. The contrasting performances of Bitcoin and Ethereum indicate a selective investor sentiment within the crypto ETF space.
Flows are net creations minus redemptions, published the next morning (T+1). Text written by AI from computed figures. Market data for informational purposes only. Not investment advice.