U.S.-listed exchange-traded funds (ETFs) focusing on Bitcoin and Ethereum have seen significant inflows, collectively bringing in approximately $350 million on September 24 and 25.
September 24 Data
On September 24, Bitcoin ETFs netted approximately $135.95 million in inflows, marking the fourth day of their renewed inflow streak. BlackRock’s iShares Bitcoin Trust (IBIT) secured $98.89 million, Bitwise Bitcoin ETF (BITB) added about $17.41 million, and Fidelity’s Wise Origin Bitcoin Fund (FBTC) saw net inflows of $16.8 million. Grayscale Bitcoin Mini Trust recorded $2.85 million in inflows, while the Grayscale Bitcoin Trust (GBTC) experienced neutral flows, contributing to the positive trend for the day.
September 25 Data
On September 25, U.S.-listed Bitcoin ETFs continued their positive trajectory, taking in approximately $106 million in inflows. BlackRock’s iShares Bitcoin Trust (IBIT) led the way with around $184 million in net inflows, while Bitwise’s Bitcoin ETF (BITB) contributed around $2 million. However, Fidelity’s Bitcoin Fund (FBTC) and ARK Invest/21Shares Bitcoin ETF (ARKB) faced outflows of approximately $33 million and $47 million, respectively.
Ethereum ETFs Join the Inflow Surge
Ethereum ETFs have also participated in this positive trend, recording notable $105 million in inflows. On September 24, they posted their largest day of inflows since August 6, securing $62.51 million in net inflows. BlackRock’s iShares Ethereum Trust (ETHA) registered $59.25 million in new capital, while VanEck Ethereum Trust (ETHV) experienced a rare inflow with $1.94 million, and the Invesco Galaxy Ethereum ETF (QETH) saw $1.32 million added. On September 25, Ethereum ETFs recorded additional $43.23 million inflows, with BlackRock and Grayscale registering $9.38 million and $26.63 million in inflows, respectively, although total outflows from Ether ETFs still stand at $580.94 million.
Analysts suggest that sustained inflows into Bitcoin ETFs may provide a cushion for BTC prices, even amid declining spot buyer demand. Bitfinex analysts note that these trends could support the BTC price, despite the historically challenging month of September.