Spot bitcoin ETFs see highest single-day inflow since July, continuing seven-day streak opposite to ether

The combined value of the spot bitcoin exchange-traded funds based in the U.S. has reached its highest value so far in the month of August—about $58.4 billion—after a seven-day streak of positive inflows continued on Friday.

Furthermore, Friday saw the highest inflows since the streak began and then some, logging a net inflow of $252 million, the largest net inflow since 32 days prior on July 22, according to data from SoSoValue. 

Unsurprisingly, the largest spot bitcoin ETF by total asset value, BlackRock's IBIT, extended its lead over the other funds by logging the largest net inflow at about $87 million. 

Fidelity’s FBTC experienced inflows of $64 million, the second-highest. Though the second-largest ETF by asset value, Grayscale's GBTC, logged an outflow of $35 million (the only fund to do so), its Bitcoin Mini Trust (BTC) $50 million inflow, giving it the bronze.

Bitwise's BITB saw $42 million in net inflows, Ark and 21Shares’ ARKB saw $24 million flow into the fund, and VanEck's HODL logged a $14 million increase. Invesco's BTCO and Valkyrie's BRRR logged inflows of $3 and $2 million, respectively, while the remainder of tradable funds saw no significant change. 

Spot ether ETFs log seven days of outflows

Meanwhile, spot ether ETFs are on a streak of seven days in a row of net outflows—the inverse to bitcoin's winning streak. Friday saw an outflow of $5.7 million from the funds, bringing the outflows seen since the streak began on Aug. 15 to nearly $99 million. 

Though Grayscale's ETHE logged a $9.8 million outflow on Friday, sending the total into the negative, VanEck's ETHV gained $2.0 million in inflows while Bitwise's ETHW netted $1.4 million. Fidelity's FETH logged about $700,000, with the remaining funds seeing no significant change in assets. 

Despite the outflows, the total net assets of the combined funds is at its highest level since Aug. 2 due to fluctuations in the price of ether, according to SoSoValue data .