The post Spot Bitcoin ETFs Record Total Net Inflow Worth $365.57M appeared on BitcoinEthereumNews.com.

The net asset value of Spot Bitcoin ETFs is $60.03 billion, and the net asset ratio is $4.7% as of September 26, 2024, Eastern Time (ET). However, the highlight of the story is the total net inflow, surpassing $360 million on the specified date. All issuers collectively brought up a net inflow of $365.7 million after adjusting the negative flow of Grayscale worth $7.7 million. It marked the 6th consecutive day for Spot BTC ETFs to bank net inflows. The last outflow occurred on September 18, 2024, for $52.7 million. It was not a part of the series of outflows, but it may have been a heavy fluctuation in the absence of numbers from BlackRock and other similar issuers. For September 26th, BlackRock recorded $93.4 million in inflows, and Ark registered $113.8 million of the positive flow. IBIT was followed by FBTC and BITB, which received inflows of $74 million and $50.4 million, respectively, applicable in the same order. HODL managed to secure $22.1 million in positive inflows. Grayscale Mini Trust contributed to balancing the play with an inflow of $2.9 million. Invesco, Franklin, and Valkyrie brought inflows of $6.5 million, $5.7 million, and $4.6 million, respectively. For the seventh day in a row, WisdomTree’s BTCW did not report any number again and for the 7th consecutive day. The last time it reported a number was on September 17, 2024, for a value of $3.2 million in inflows. As of September 26, 2024, the historical cumulative net inflow for Spot Bitcoin ETFs stood at $18.31 billion, with BlackRock maintaining a position above $21.3 billion and Grayscale showing a total outflow of $20.11 billion. Spot Ether ETFs showed a net outflow of $0.1 million, while Grayscale weighed heavily with an outflow of $36 million. BlackRock and Fidelity recorded inflows worth $15.3…

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Filed under: News - @ September 27, 2024 10:23 am