🌎 Bitcoin and Ethereum ETFs Experience Strong Net Inflows

Spot Bitcoin exchange-traded funds (ETFs) in the U.S. experienced a significant increase in net inflows on Sept. 24, while spot Ether ETFs reversed their previous trend and moved back into net positive flows.

Bitcoin ETFs See Strong Inflows

Data from SoSoValue indicates that the 12 spot Bitcoin ETFs recorded net inflows of $135.95 million on the day, marking the fourth consecutive day of positive inflows. Over this period, the funds have accumulated more than $390.7 million.

BlackRock’s IBIT, the largest Bitcoin ETF, led the inflows with $98.9 million, marking its second consecutive day of positive inflows and bringing its total net inflows to $21.03 billion to date.

Following BlackRock’s IBIT, Bitwise’s BITB and Fidelity’s FBTC saw inflows of $17.4 million and $16.8 million respectively. The Grayscale Bitcoin Mini Trust drew in $2.9 million.

The remaining eight Bitcoin ETFs, including Grayscale’s GBTC, remained neutral on the day.

Total trading volume for the 12 Bitcoin ETFs soared to $1.11 billion on Sept. 24, higher than the $949.72 million seen the previous day. Since their launch, these funds have recorded a cumulative total net inflow of $17.83 billion.

Bitcoin had risen 1.6% over the past day, trading at $64,196 at press time.

Ethereum ETFs Return to Positive Flows

Meanwhile, the nine U.S.-based spot Ethereum ETFs logged net inflows of $62.5 million on Sept. 24, a reversal from the net negative flows seen the previous day. Most of the inflows went into BlackRock’s ETHA, which saw $59.3 million added to the fund.

VanEck’s ETHV and Invesco’s QETH also drew in modest inflows of $1.9 million and $1.3 million respectively. The remaining Ethereum ETFs saw no trading activity on the day.

The trading volume for these investment vehicles rose to $180.42 million on Sept. 24, up from $167.35 million the previous day. The spot Ether ETFs have experienced a cumulative total net outflow of $624.17 million. At the time of publication, Ethereum was trading at $2,623.