Recently, US spot Bitcoin ETFs have experienced sustained positive net inflows, indicating rising investor interest. On Thursday, these ETFs collectively saw inflows of $365 million, marking the sixth consecutive day of positive flows.
The surge in interest aligns with a broader crypto market rally, as Bitcoin’s price surpassed $65,000. Notably, Ark Invest and 21Shares’ ARKB led the market with $113.8 million in net inflows, highlighting strong investor appetite for Bitcoin-focused products during this bullish phase.
The net inflows into spot Bitcoin ETFs have now reached a two-month high. On September 26, total net inflows for these products hit $365.7 million, with ARKB leading the charge. ARKB’s total inflows now stand at $2.52 billion, reflecting sustained demand.
BlackRock’s IBIT, the largest spot Bitcoin ETF by assets, followed closely with $93.4 million in net inflows, contributing to its impressive total of $21.31 billion. This consistent upward trend points to growing confidence in Bitcoin ETFs as Bitcoin’s price continues to rise.
Several other Bitcoin ETFs also saw notable inflows. Fidelity’s FBTC and Bitwise’s BITB recorded net inflows of $74 million and $50.4 million, respectively, while VanEck’s HODL brought in an additional $22.10 million.
Spot Bitcoin ETFs See $365 Million Inflows as Investor Interest Surges Amid Crypto Rally
Products from Invesco, Franklin Templeton, Valkyrie, and Grayscale’s Bitcoin Mini Trust also experienced positive, albeit smaller, inflows. On the other hand, WisdomTree’s BTCW posted no net flow for the day, and Grayscale’s GBTC saw outflows totaling $7.7 million. Despite these variations, the total daily trading volume of all 12 Bitcoin ETFs surged to $2.43 billion, marking the largest daily volume since August.
The steady inflows into Bitcoin ETFs underscore the increasing interest in these products, reflecting investor optimism as Bitcoin reclaims value in the market.
Bitcoin’s trade volume rose by 45.44%, reaching $38.47 billion, while its market capitalization surpassed $1.29 trillion. These indicators suggest that investors are positioning themselves to take advantage of the cryptocurrency’s recent price recovery and the broader bullish sentiment in the market.
In contrast, Ethereum-based ETFs struggled on Thursday, returning to net outflows after a brief period of positive inflows. Despite the negative trend overall, six Ethereum ETFs posted positive net flows for the day, led by Fidelity’s FETH with $15.92 million and BlackRock’s ETHA with $14.85 million.
However, Grayscale’s ETHE saw significant net outflows, losing $36.5 million. Despite these setbacks, Ethereum ETF daily trade volumes increased to $257.40 million, more than doubling the previous day’s volume of $124.18 million.
