Bitcoin ETFs record nearly $500m inflows over five days, Ether ETFs continue positive streak
The post Bitcoin ETFs record nearly $500m inflows over five days, Ether ETFs continue positive streak appeared on BitcoinEthereumNews.com.
Spot Bitcoin ETFs in the U.S. marked their fifth straight day of net inflows, with spot Ether ETFs also registering inflows for a second consecutive day. Data from SoSoValue shows that the 12 spot Bitcoin ETFs recorded net inflows of $105.84 million on Sept. 25, marking the fifth consecutive day of positive inflows. Over this period, the funds have accumulated more than $496.56 million. BlackRock‘s IBIT, the largest Bitcoin ETF, led the inflows for the second consecutive day with $98.9 million flowing into the fund, bringing its total net inflows to $21.2 billion. BItwise’s BITB drew in $2.1 million. These inflows were partially offset by Fidelity’s FBTC and ARK 21Shares’ ARKB which experienced outflows totalling $33.2 million and $47.4 million, respectively. The remaining eight BTC ETFs including Grayscale’s GBTC remained neutral on the day Since the conversion of GBTC into an ETF, investors have withdrawn more than $20.1 billion from the fund. However, the significant outflows that followed the conversion have eased in recent weeks. Total trading volume for the 12 BTC ETFs dipped to $795.85 million on Sept. 25, lower than the $1.11 billion seen the previous day. Since launch, these funds have recorded a cumulative total net inflow of $17.94 billion. Bitcoin (BTC) was trading at $63,675 at press time. The nine U.S.-based Spot Ethereum ETFs logged net inflows of $43.23 million on Sept. 25, continuing the positive performance seen the previous day. Most of the inflows went into Grayscale Bitcoin Mini Trust, which saw $26.6 million added to the fund. BlackRock’s ETHA and Fidelity’s FETH followed with inflows of $ 9.4 million and $6.4 million respectively. 21Shares CETH also drew in a more modest inflow of $774.1K The remaining ETH ETFs saw no trading activity on the day. The trading volume for these investment vehicles dropped to…
Filed under: News - @ September 26, 2024 6:27 am