BlackRock’s Bitcoin ETF dominates with $184.4 million inflow amid positive Ethereum ETF movements
The post BlackRock’s Bitcoin ETF dominates with $184.4 million inflow amid positive Ethereum ETF movements appeared on BitcoinEthereumNews.com.
On Sept. 25, Bitcoin ETFs recorded net inflows of $105.9 million, driven primarily by a significant $184.4 million inflow into BlackRock’s IBIT ETF. However, this was partially offset by notable outflows from Fidelity’s FBTC and Ark’s ARKB ETFs, which saw withdrawals of $33.2 million and $47.4 million, respectively. Bitwise’s BITB ETF added a modest $2.1 million, while other major ETFs, including those from Invesco, Franklin, Valkyrie, VanEck, WisdomTree, and both Grayscale funds, reported no flow changes. Ethereum ETFs saw total inflows of $43.2 million, led by Grayscale’s mini Ethereum ETF (ETH) with $26.6 million. BlackRock’s ETHA ETF added $9.4 million, and Fidelity’s FETH reported inflows of $6.4 million. A smaller inflow of $0.8 million was recorded for 21Shares’ CETH, while other funds from Bitwise, VanEck, Invesco, Franklin, and Grayscale’s primary ETHE fund remained flat. The contrasting flows reflect mixed investor sentiment, with strong demand for BlackRock’s Bitcoin and Grayscale’s mini Ethereum ETFs, while other funds experienced varied movements, highlighting selective buying and strategic reallocations across major institutional products. Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies. Source: https://cryptoslate.com/insights/blackrocks-bitcoin-etf-dominates-with-184-4-million-inflow-amid-positive-ethereum-etf-movements/
Filed under: News - @ September 26, 2024 9:25 am