Bitcoin ETF

Bitcoin

After experiencing a <a href="https://thecoinrise.com/spot-bitcoin-etfs-see-largest-outflows-streak-since-launch/">streak of continuous outflows</a>, U.S. spot Bitcoin ETFs made a comeback, <a href="https://sosovalue.xyz/assets/etf/us-btc-spot">recording</a> daily net inflows of $39.02 million on Thursday. Notably, this positive momentum follows weeks of declining investor sentiment and declining BTC prices. 
<h2 id="span-style-font-weight-400-contribution-by-span-span-style-font-weight-400-individual-bitcoin-etfs-span">Contribution by Individual Bitcoin ETFs</h2> 
The bulk of Thursday’s inflows were driven by Ark Invest and 21Shares’ ARKB fund, which attracted $18.34 million in net capital. Fidelity’s FBTC fund followed with $11.47 million, while Grayscale’s Bitcoin Mini Trust pulled in $5.18 million. VanEck’s HODL and Franklin Templeton’s Bitcoin fund also saw positive inflows of $4.95 million and $3.38 million, respectively. Meanwhile, Bitwise’s BITB fund recorded smaller but still noteworthy inflows of $2.22 million. 
However, not all funds were shared in the windfall. Grayscale’s GBTC fund was the only Bitcoin ETF to record outflows, with a net loss of $6.51 million. Interestingly, BlackRock’s IBIT fund, the largest spot Bitcoin ETF by net assets, remained inactive on Thursday, reporting zero inflows. The IBIT fund has seen no net inflows since August 27, suggesting a potential pause in investor activity. 
<h3 id="span-style-font-weight-400-lower-trading-volume-span">Lower Trading Volume&nbsp;</h3> 
In terms of trading volume, the 12 Bitcoin ETFs collectively reported $896.92 million in transactions on Thursday, a major drop from the previous day’s $1.27 billion. While Thursday’s inflows marked a positive shift, the lower trading volume may indicate continued caution among investors. 
Overall, spot Bitcoin ETFs have now accumulated $17.03 billion in net inflows since launching in January. As Bitcoin prices hover around the $58,000 mark, the market appears to be stabilizing, <a href="https://thecoinrise.com/spot-bitcoin-etfs-break-8-day-outflow-trend-with-117m-inflow/">recovering from last week’s sharp drop</a>.&nbsp; 
<h2 id="span-style-font-weight-400-the-story-of-ether-etfs-span">The Story of Ether ETFs</h2> 
Despite the broader recovery in inflows, the spot <a href="https://sosovalue.xyz/assets/etf/us-eth-spot">Ethereum ETFs</a> did not fare as well. Grayscale’s Ether ETF (ETHE) saw $20.14 million in net outflows on Thursday, marking its second consecutive day of negative movement. None of the other eight Ether-focused funds reported any significant flows, suggesting that investors may be more hesitant about Ethereum’s near-term prospects. 
Investors are now closely watching the upcoming Federal Open Market Committee (FOMC) meeting, where a potential interest rate cut is anticipated. The outcome of this meeting could further influence the Ethereum and Bitcoin ETFs’ movement in the coming weeks. 
The post <a href="https://thecoinrise.com/bitcoin-etfs-see-39m-inflows-led-by-arkb-and-fbtc/">Bitcoin ETFs See $39M Inflows, Led by ARKB and FBTC</a> appeared first on <a href="https://thecoinrise.com/">TheCoinrise.com</a>.

Bitcoin ETFs See $39M Inflows, Led by ARKB and FBTC

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