The post BlackRock records $158 million inflows across Bitcoin and Ethereum ETFs appeared on BitcoinEthereumNews.com.

On Sept. 24, Bitcoin ETFs recorded a substantial inflow, totaling $136 million, driven primarily by BlackRock’s IBIT ETF, which saw an inflow of $98.9 million, marking the most significant movement of the day. Bitwise’s BITB ETF added $17.4 million, while Fidelity’s FBTC contributed $16.8 million. Grayscale’s smaller BTC ETF reported a modest inflow of $2.9 million, with GBTC flat. Other ETFs, including those from Ark, Invesco, Franklin, Valkyrie, VanEck, and WisdomTree, showed no activity, maintaining flat flows. BTC ETFs (Farside Investors) Ethereum ETFs experienced notable inflows, totaling $62.5 million. BlackRock’s ETHA ETF led the inflows with $59.3 million, suggesting a renewed interest in Ethereum exposure from institutional investors. VanEck’s ETHV and Invesco’s QETH ETFs also saw smaller inflows of $1.9 million and $1.3 million, respectively. All other Ethereum ETFs reported no flow changes, including those from Fidelity, Bitwise, 21Shares, Franklin, and both of Grayscale’s funds. Ethereum ETFs (Farside Investors) The significant inflows into Bitcoin ETFs, especially from BlackRock, contrast with the more measured but positive inflows into Ethereum ETFs, indicating a broad-based accumulation trend with stronger momentum toward Bitcoin 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/blackrock-records-158-million-inflows-across-bitcoin-and-ethereum-etfs/

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Filed under: News - @ September 25, 2024 11:19 am