Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

BlackRock

U.S.-listed exchange-traded funds (ETFs) focusing on Bitcoin and Ethereum have seen impressive inflows, collectively bringing in approximately $350 million on Sept 24. and Sept. 25.
The most notable developments have come from Bitcoin ETFs, which have notched five consecutive days of positive performance, according to SoSovalue data.&nbsp;
<h2 dir="ltr" id="span-span-september-24-data-span-span">September 24 Data</h2>
On September 24,&nbsp;<a style="text-decoration:none" href="https://bsc.news/post/sec-approves-multiple-spot-bitcoin-etfs-recent-developments">Bitcoin ETFs</a> netted approximately&nbsp;<a style="text-decoration:none" href="https://sosovalue.com/assets/etf/us-btc-spot">$135.95 million</a> in inflows, marking the fourth day of their renewed inflow streak.
<ul>
 <li>BlackRock’s iShares Bitcoin Trust (IBIT): Secured a significant $98.89 million, marking its third day of inflows after an unusually quiet month.</li>
 <li>Bitwise Bitcoin ETF (BITB): Added around $17.41 million.</li>
 <li>Fidelity’s Wise Origin Bitcoin Fund (FBTC): Saw net inflows of $16.8 million.</li>
 <li>Grayscale Bitcoin Mini Trust: Recorded $2.85 million in net inflows.</li>
 <li>The Grayscale Bitcoin Trust (GBTC) experienced neutral flows, which contributed to the overall positive trend for the day.&nbsp;</li>
</ul>
<h2 dir="ltr" id="span-span-september-25-data-span-span">September 25 Data</h2>
On September 25, U.S.-listed Bitcoin ETFs continued their positive trajectory, taking in approximately $106 million in inflows.
<ul>
 <li>BlackRock’s iShares Bitcoin Trust (IBIT): Led the way with around $184 million in net inflows.</li>
 <li>Bitwise’s Bitcoin ETF (BITB): Contributed around $2 million.</li>
</ul>
Fidelity’s Bitcoin Fund (FBTC) and ARK Invest/21Shares’s Bitcoin ETF (ARKB) faced outflows of approximately $33 million and $47 million, respectively.
<h2 dir="ltr" id="span-span-ethereum-etfs-join-the-inflow-surge-span-span">Ethereum ETFs Join the Inflow Surge</h2>
Ethereum ETFs have also participated in this positive trend, recording a notable $105 million in inflows recently.
<h3 dir="ltr" id="span-span-september-24-data-for-ethereum-etfs-span-span">September 24 Data for Ethereum ETFs</h3>
On September 24, Ethereum ETFs posted their largest day of inflows since August 6, securing a hefty&nbsp;<a style="text-decoration:none" href="https://sosovalue.com/assets/etf/us-eth-spot">$62.51 million</a> in net inflows.
<ul>
 <li>BlackRock’s iShares Ethereum Trust (ETHA): Registered a robust $59.25 million in new capital, marking its largest inflow day since early August.</li>
 <li>VanEck Ethereum Trust (ETHV): Experienced a rare inflow with $1.94 million, while the Invesco Galaxy Ethereum ETF (QETH) saw $1.32 million added.</li>
</ul>
<h3 dir="ltr" id="span-span-september-25-data-for-ethereum-etfs-span-span">September 25 Data for Ethereum ETFs</h3>
On September 25, Ethereum spot ETFs recorded additional $43.23 million inflows, with BlackRock and Grayscale registering $9.38 million and $26.63 million in inflows, respectively. However, total outflows from Ether ETFs still stand at $580.94 million.
<h2 dir="ltr" id="span-span-sustained-inflows-into-bitcoin-etfs-span-span">Sustained Inflows Into Bitcoin ETFs?</h2>
Analysts suggest that sustained inflows into Bitcoin ETFs may provide a cushion for BTC prices, even amid declining spot buyer demand, CoinTelegraph reported. As noted by Bitfinex analysts, “Sustained ETF inflows could buoy the BTC price,” suggesting that this trend may counteract predictions of short-term price consolidation.
&nbsp;
Currently, Bitcoin is trading at approximately&nbsp;<a style="text-decoration:none" href="https://coinmarketcap.com/currencies/bitcoin/">$64,414</a>, marking a 3.24% increase since September 19, according to CoinMarketCap. Historically, September has been a challenging month for Bitcoin, averaging a loss of 4.49% over the last 11 years.

US Crypto ETFs Surge with $350M in New Inflows

Table of Contents

BSCN

Other articles published on Oct 11, 2024

Unofficial MicroStrategy Token MSTR2900 Surges 500% on Launch

Binance Releases Important Alert on PEPE, EIGEN, SUI Trading Pairs

Binance Introduces Exclusive Pre-Market Trading for Launchpool Tokens

Shiba Inu (SHIB) And Ripple (XRP) Move To WallitIQ (WLTQ) AI Token For 3500% Gain

Bitcoin’s Path to $100K Unaffected by U.S. Election Outcome: 10T Holdings Founder

The Cryptocurrencies With The Most Potential For 2024 And 2025: XRP (XRP), Binance Coin (BNB), An...

Join our free newsletter for daily crypto updates!