The post Spot Bitcoin ETFs Cross $150M in Net Inflows on September 19, 2024, ET appeared on BitcoinEthereumNews.com.

While the milestone sounds massive, it has already happened in the Spot Bitcoin ETF segment. The issuers collectively recorded net inflows worth $158.3 million, with Ark’s ARKB leading the charge. It helped them from seeing another day of outflow considering the previous day, that is, September 18, 2024, was a day of negative flow worth $52.7 million. BlackRock and Grayscale reported $0 inflows. So did BRRR, HODL, and BTCW. The historical cumulative net inflow now stands at $17.6 billion as of September 19, 2024, Eastern Time. NAV and NAR are $57.82 billion and 4.64%, respectively. Grayscale’s Mini Trust did report a net inflow of $9.5 million. It saw its last outflow on September 11, 2024, for $0.5 million. BTC Spot ETFs had a 4-day streak of inflows. The trend came to an end on September 18. BlackRock last reported its figure on September 16 for a value of $15.8 million. That almost balanced Grayscale’s outflows, which were approximately $20.8 million. Spot Bitcoin ETFs will probably experience an increase in inflows following the Federal Reserve’s reduction of lending rates. An increase in borrowing power has consistently allowed investors to infuse liquidity into risky assets, as they have the potential to generate substantial returns in both the short and long term. That said, Spot Ether ETFs also banked a positive flow on September 19, 2024. It came to approximately $5.2 million, with only BlackRock reporting the number. The historical cumulative outflow stands at $610.5 million as of that date, with a major contribution from Grayscale’s ETHE with a total negative of $2.7 billion. The latest figure has broken a 3-day streak of outflows for ETH Spot ETFs. There is also an optimistic sentiment around the Bitcoin token. BTC is up by 2.61% in the last 24 hours; at the time of writing…

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Filed under: News - @ September 20, 2024 11:25 am