Ethereum

Bitcoin ETF

Bitcoin

<ul>
 <li>Bitcoin ETFs saw $365.7M inflows on Sept. 26, marking the highest in over two months.&nbsp;&nbsp;</li>  
 <li>ARK 21Shares Bitcoin ETF led with $113.8M, followed by BlackRock at $93.4M.&nbsp;&nbsp;</li>  
 <li>Ethereum ETFs recorded a $100K outflow, while Bitcoin surged 13% in two weeks.&nbsp;</li> 
</ul>  
<p>Bitcoin reached a significant milestone on September 26, as it broke past the $65,000 mark in late trading. This increase came alongside a major influx of capital into United States-listed spot Bitcoin exchange-traded funds (ETFs).&nbsp;</p>  
<p>According to data from Farside Investors, the 11 U.S. spot Bitcoin ETFs witnessed total inflows of $365.7 million on the day. This marks the highest daily inflow for Bitcoin ETFs in over two months, following the $486 million inflow recorded on July 22.</p>  
<h2 class="wp-block-heading" id="h-institutional-interest-drives-momentum-nbsp"><strong>Institutional Interest Drives Momentum</strong>&nbsp;</h2>  
<p>Notably, the recent surge in Bitcoin ETF inflows can be attributed to rising institutional interest. September 26 saw the ARK 21Shares Bitcoin ETF lead with an inflow of $113.8 million. The BlackRock iShares Bitcoin Trust followed closely behind, recording inflows of $93.4 million.</p>  
<p>Additionally, BlackRock’s inflows were particularly noteworthy, as the firm had experienced its largest inflow day just one day earlier, on September 25, with $184.4 million. Other key players like Fidelity’s Wise Origin Bitcoin Fund and the Bitwise Bitcoin ETF also saw sizable inflows, receiving $74 million and $50.4 million, respectively. Meanwhile, the VanEck Bitcoin ETF reported inflows of $22.1 million.</p>  
<p>While the majority of ETFs gained traction, the Grayscale Bitcoin Trust saw a different trend. Grayscale experienced an outflow of $7.7 million, bringing its total outflows since converting to a spot ETF in January to $20.1 billion. Despite this, the combined inflow for all 11 U.S. spot Bitcoin ETFs has now reached $18.3 billion since their inception.</p>  
<h2 class="wp-block-heading" id="h-bitcoin-etfs-outperform-ethereum-counterparts-nbsp-nbsp"><strong>Bitcoin ETFs Outperform Ethereum Counterparts</strong>&nbsp;&nbsp;</h2>  
<p>Furthermore, while Bitcoin ETFs saw significant capital inflows, Ethereum-based ETFs lagged behind. On September 26, nine Ethereum ETFs registered a collective outflow of $100,000.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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<p>Moreover, this occurred despite inflows of over $15 million for both BlackRock and Fidelity’s respective spot Ether funds. Grayscale’s Ethereum Trust, which has faced criticism for its high fees, saw a further $36 million outflow, continuing its downward trend.</p>  
<p>Therefore, the recent contrast in performance between Bitcoin and Ethereum ETFs has raised questions about the different levels of institutional <a href="https://cryptonewsland.com/bitcoin-etfs-record-92m-net-inflow-as-major-players-see-varied-movements/" target="_blank" rel="noopener noreferrer nofollow">support</a> for these assets. Bitcoin, bolstered by positive market sentiment and an interest rate cut from the Federal Reserve, has gained nearly 13% over the past two weeks.</p> 
<p>The post <a href="https://cryptonewsland.com/bitcoin-investors-pour-366m-into-us-etfs-as-btc-surges-past-65k/" rel="noopener noreferrer nofollow">Bitcoin Investors Pour $366M into US ETFs as BTC Surges Past $65K</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin Investors Pour $366M into US ETFs as BTC Surges Past $65K

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