🌎 Bitcoin ETFs See Record Net Inflows, Trading Volume Triples

Spot Bitcoin Exchange-Traded Funds Reach Two-Month High in Net Inflows

Spot Bitcoin exchange-traded funds (ETFs) in the United States experienced a significant surge in net inflows on September 26, with ARK 21Shares’ ARKB leading the way by attracting $113.8 million.

Bitcoin ETFs See Significant Inflows

According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded a total of $287.8 million in net inflows, continuing a six-day upward trend. This level of inflows has not been observed since July 22.

BlackRock’s IBIT, the largest Bitcoin ETF, saw $93.4 million in inflows, marking its fourth consecutive day of positive inflows. This brings its total net inflows to over $21.3 billion.

Other notable ETFs also saw substantial inflows:

Fidelity’s FBTC: $74 million
Bitwise’s BITB: $50.4 million
VanEck’s HODL: $22.1 million

Additionally, BTCO, EZBC, BRRR, and Grayscale Bitcoin Mini Trust funds contributed to the bullish momentum with $6.5 million, $5.7 million, $4.6 million, and $2.9 million in inflows, respectively.

Grayscale’s GBTC was the only Bitcoin ETF to record outflows, with $7.7 million exiting the fund. Since its launch, GBTC has seen total outflows exceeding $20.1 billion.

The remaining spot Bitcoin ETFs remained neutral for the day.

Trading Volume Soars

Total trading volume for the 12 Bitcoin ETFs surged over three-fold to $2.43 billion on September 26 compared to the previous day. Since their inception, these funds have accumulated a total net inflow of $18.31 billion. Bitcoin itself rose 2.7% over the past day, trading at $65,323 at the time of publication.

“Bitcoin ETFs are seeing unprecedented interest, reflecting growing confidence in the cryptocurrency market.”

Ethereum ETFs Turn Bearish

Meanwhile, spot Ethereum ETFs experienced a bearish trend, recording net outflows of $675.45K on September 26, ending their two-day inflow streak. The outflows were primarily from Grayscale ETHE, which saw $36 million leave the fund.

These outflows were largely offset by inflows into other funds:

BlackRock’s ETHA: $15.3 million
Fidelity’s FETH: $15.9 million
QETH: $2 million
ETHW: $951K
ETHV: $971K
CETH: $663K

The trading volume for these Ethereum ETFs rose to $257.4 million on September 26 from $124 million the previous day. Overall, the spot Ether ETFs have seen total net outflows of $581.61 million. At the time of publication, Ethereum was trading at $2,652.