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Positive Inflows for Bitcoin and Ethereum ETFs: $350 Million Over Two Days

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4 hours ago


U.S.-listed exchange-traded funds focusing on Bitcoin and Ethereum have seen significant inflows, collectively bringing in approximately $350 million on Sept 24 and Sept 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, marking its third day of inflows after a quiet month. * Bitwise Bitcoin ETF (BITB) added around $17.41 million. * Fidelity’s Wise Origin Bitcoin Fund (FBTC) saw net inflows of $16.8 million. * Grayscale Bitcoin Mini Trust recorded $2.85 million in net inflows, while the Grayscale Bitcoin Trust (GBTC) experienced neutral flows, contributing to the overall 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. * Bitwise’s Bitcoin ETF (BITB) contributed around $2 million.

Fidelity’s Bitcoin Fund (FBTC) and ARK Invest/21Shares’s 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 a notable $105 million in inflows recently.

### September 24 Data for Ethereum ETFs

On September 24, Ethereum ETFs posted their largest day of inflows since August 6, securing a hefty $62.51 million in net inflows.

* BlackRock’s iShares Ethereum Trust (ETHA) registered $59.25 million in new capital, marking its largest inflow day since early August. * VanEck Ethereum Trust (ETHV) experienced a rare inflow with $1.94 million, while the Invesco Galaxy Ethereum ETF (QETH) saw $1.32 million added.

### September 25 Data for Ethereum ETFs

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.

Analysts suggest that sustained inflows into Bitcoin ETFs may provide a cushion for BTC prices, even amid declining spot buyer demand, as reported by CoinTelegraph. 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. Currently, Bitcoin is trading at approximately $64,414, 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.

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