Bitcoin ETF

Bitcoin

U.S. spot Bitcoin ETFs witnessed daily total net inflows worth $494.27 million on September 27th. The inflows marked a six-day positive streak that started on September 19th. None of the approved ETFs registered outflows, and only four registered zero flows. 
U.S. spot Bitcoin exchange-traded funds (ETFs) are again in the spotlight for recording daily total net inflows worth $494.27 million on 27th September. The inflows registered on Friday mark a six-day streak of positive flows that commenced on September 19th.&nbsp; 
<h3 id="span-style-font-weight-400-ark-21shares-leads-the-pack-with-203-million-in-bitcoin-etf-inflows-span">Ark &amp; 21Shares leads the pack with $203 million in Bitcoin ETF inflows</h3> 
<figure id="attachment_593739" aria-describedby="caption-attachment-593739" style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" decoding="async" class="size-full wp-image-593739" src="https://www.cryptopolitan.com/wp-content/uploads/2024/09/soso.jpg" alt="" width="1280" height="517" srcset="https://www.cryptopolitan.com/wp-content/uploads/2024/09/soso.jpg 1280w, https://www.cryptopolitan.com/wp-content/uploads/2024/09/soso-300x121.jpg 300w, https://www.cryptopolitan.com/wp-content/uploads/2024/09/soso-1200x485.jpg 1200w, https://www.cryptopolitan.com/wp-content/uploads/2024/09/soso-768x310.jpg 768w" sizes="(max-width: 1280px) 100vw, 1280px">
 <figcaption id="caption-attachment-593739" class="wp-caption-text">
 Source: Sosovalue
 </figcaption>
</figure> 
According to data from<a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="nofollow noopener" target="_blank"> Sosovalue</a>, Ark &amp; 21Shares, ARKB outperformed other ETFs by recording the largest inflow. The ETF saw inflows worth $203.07 million, bringing its cumulative net inflow to $2.72 billion. ARKB’s inflows mark a significant increase from $113.8 million recorded on September 26th.&nbsp; 
Fidelity’s FBTC came in second with inflows worth $123.61 million. FBTC also saw a significant increase in net inflows from $74 million recorded on 26th September. BlackRock’s iShares Bitcoin Trust (IBIT) Exchange Traded Fund registered inflows worth $110.82 million, marking a five-day streak of positive flows. The fund also registered an increase from $93.4 million recorded on 26th September. IBIT now has a cumulative net inflow of $21.42 billion cementing its reign as the largest spot Bitcoin ETF. 
Grayscale’s GBTC came in fourth with net inflows worth $26.15 million. On September 26th, GBTC recorded outflows worth $7.7 million. Bitwise’s fund BITB trailed GBTC with net inflows worth $12.91 million, bringing its cumulative net inflow to $2.15 billion. BITB registered a significant decline in inflows from $50.4 million recorded on September 26th. 
VanEck’s HODL witnessed $11.17 million in inflows, bringing its cumulative net inflows to $650.13 million. Invesco’s BTCO came in next with inflows totaling $3.28 million, and Valkyrie’s BRRR recorded the least inflows worth $3.26 million.&nbsp; 
Both BTCO and BRRR inflows declined from $6.5 million and $4.6 million worth of inflows registered on 26th September. Grayscale’s BTC, Franklin’s EZBC, Wisdom Tree’s BTCW, and Hashdex’s DEFI did not register any flows, and none of the ETFs recorded any outflows. 
Bitcoin ETFs have achieved a cumulative total net inflow of $18.69 billion, an increase from $18.31 billion recorded on September 26th. The total net assets held by all Bitcoin spot ETFs sit at $61.21 billion, which is 4.71% of Bitcoin’s market cap. 
<h3 id="span-style-font-weight-400-eth-etfs-record-inflows-worth-58-65-million-span">ETH ETFs record inflows worth $58.65 million</h3> 
Ethereum ETFs also<a href="https://sosovalue.com/assets/etf/us-eth-spot" rel="nofollow noopener" target="_blank"> recorded</a> positive daily total net inflows worth $58.65 million. Fidelity’s fund FETH registered the most inflows, worth $42.54 million, followed by BlackRock’s ETHA with $11.46 million. Bitwise’s ETHW came in third with inflows worth $5.43 million, and Invesco’s QETH trailed ETHW with inflows totaling $4.32 million.&nbsp; 
Grayscale’s ETH and VanEck’s ETHV followed with $2.29 million and $1.98 million, respectively. Franklin’s EZET registered zero inflows, while Grayscale’s ETHE was the only ETF that witnessed outflows worth $10.72 million. The total net assets held by all Ethereum spot ETFs sit at $7.44 billion, 2.3% of Ethereum’s market cap.

U.S. spot Bitcoin ETFs record $500 million in net inflows

Table of Contents

Cryptopolitan_News

Other articles published on Sep 28, 2024

Shiba Inu’s (SHIB) Price Shot Up to 3-Month High, Bitcoin (BTC) Touched $66.5K (Weekend Watch)

Mastering The Memecoin Maze: How To Make Money From Memecoins In 2024, BRETT, POPCAT, CUTO

Senator Cynthia Lummis Critiques US SEC’s Crypto Regulation Approach

Why Rollblock’s Presale Success aims to Revolutionize a $450B Market, RBLK is Outpacing Aave (AAV...

Bullish Donald Solana Memecoin Will Rally 16,000% Before Exchange Listings, While SHIB and Dogeco...

Scam Wallet App Impersonating WalletConnect Stole Over $70,000

Join our free newsletter for daily crypto updates!