Ethereum

Bitcoin

Read

Spot

Spot Bitcoin exchange-traded funds in the U.S. recorded a significant jump in net inflows on Sept. 24, while spot Ether ETFs reversed course, moving back into net positive flows. 
<a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank">Data </a>from SoSoValue shows 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. 
<a href="https://crypto.news/tag/Blackrock/" target="_blank">BlackRock</a>‘s IBIT, the largest Bitcoin ETF, spearheaded 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. 
BItwise’s BITB and Fidelity’s FBTC followed with $17.4 million and $16.8 million flowing into their funds respectively. Grayscale Bitcoin Mini Trust drew in $2.9 million. 
The remaining eight BTC ETFs including Grayscale’s GBTC remained neutral on the day. 
Total trading volume for the 12 BTC ETFs soared to $1.11 billion on Sept. 24, higher than the $949.72 million seen the previous day. Since launch, these funds have recorded a cumulative total net inflow of $17.83 billion. <a href="https://crypto.news/tag/bitcoin/" target="_blank">Bitcoin</a> (<a href="https://crypto.news/price/bitcoin/" target="_blank">BTC</a>) had risen 1.6% over the past day, trading at $64.196 at press time. 
 You might also like: <a rel="" href="https://crypto.news/bitcoin-set-for-potential-breakout-this-week/"> Bitcoin set for potential breakout this week </a> 
Meanwhile, the nine U.S.-based Spot Ethereum ETFs logged net inflows of <a href="https://sosovalue.com/assets/etf/us-eth-spot" target="_blank">$62.5 million</a> on Sept. 24, a flip from the net <a href="https://crypto.news/spot-bitcoin-etf-inflows-tumble-ether-etfs-shed-79-3m/" target="_blank">negative flows seen</a> 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 ETH ETFs saw no trading activity on the day. 
The trading volume for these investment vehicles had seen a rise, jumping to $180.42 million on Sept. 24 from $167.35 million seen the previous day. The spot Ether ETFs have experienced a cumulative total net outflow of $624.17 million. At the time of publication, Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank">ETH</a>) was exchanging hands at $2,623. 
 Read more: <a rel="" href="https://crypto.news/bitcoin-miner-from-2009-sends-btc-to-kraken/"> Bitcoin miner from 2009 sends BTC to Kraken </a>

Spot Bitcoin ETFs accumulate $390.7m over four days, Ethereum ETFs see rebound

crypto.news

Other articles published on Sep 25, 2024

Coinpedia Fintech News

Investors, Take Note: 5 Blockchain Applications Improving Healthcare Efficiency

State Of The Art DeFi Exchange Poised To Shake The Markets, Solana And Tron Holders Can't Get Eno...

Analysis Company Reveals: “Miners Stop Selling Their Coins in These Four Cryptocurrencies”

Bitcoin price coils as market confirms $65K as ‘real resistance’

Why Is Chainlink (LINK) Price Up?

Join our free newsletter for daily crypto updates!