Photo credit: Jonathan Borba/Pexels

United States-listed spot Bitcoin exchange-traded funds notched a measly $298,930 in net inflows on July 31, while spot Ether ETFs logged $77.21 million in net outflows.

Blackrock’s iShares Bitcoin Trust (IBIT) led net inflows on the day, recording $20.99 million, according to data from SoSoValue. Meanwhile, Grayscale’s Bitcoin Mini Trust, which only began trading on Wednesday after getting approval from the Securities and Exchange Commission last week, posted $18 million.

Bitcoin ETF net inflows on July’s last trading day were offset by outflows from three other BTC funds — namely Fidelity Wise Origin Bitcoin Fund’s (FBTC) $31.57 million, Ark 21 Shares Bitcoin ETF’s (ARKB) $2.61 million, and Bitwise Bitcoin ETF’s $2.51 million.

As of July 31, the total value traded for all US Bitcoin ETFs was $1.37 billion, with all BTC funds holding $60.12 billion in total net assets. This represents 4.72% of Bitcoin’s market capitalization.

On the other hand, Ether funds went back to negative flows on the same day, with investors withdrawing $133.33 million from the Grayscale Ethereum Trust (ETHE), SoSoValue data shows.

The Grayscale Ethereum Mini Trust led the Ether funds with $19.54 million in net inflows, followed by Fidelity’s FETH ($18.8 million), BlackRock’s ETHA ($4.98 million), and VanEck’s ETHV ($4.81 million). Bitwise’s ETHW also saw inflows of $4.71 million, while 21Shares’s CETH had $3.28 million in net inflows. The remaining two spot ether ETFs recorded no flows.

The total trading volume for all nine spot Ether ETFs was lower on July 31, reaching $472.5 million compared to $563.22 million the day before when it snapped a four-day outflow streak with $33.67 million in positive flows.