Bitcoin ETFs See Two-Month High Inflows Led by ARK 21Shares, While Ethereum ETFs Turn Bearish
On September 26, spot Bitcoin exchange-traded funds (ETFs) in the United States saw a significant uptick in net inflows, reaching a two-month high, largely driven by ARK 21Shares’ ARKB fund, which pulled in $113.8 million. According to data from SoSoValue, a total of 12 spot Bitcoin ETFs amassed $287.8 million in net inflows on the day, continuing a six-day upward streak. The last time outflows of this magnitude were recorded was back on July 22.
BlackRock’s IBIT, the largest Bitcoin ETF, brought in $93.4 million in inflows, marking its fourth consecutive day of gains, and pushing its total net inflows to over $21.3 billion. Additionally, Fidelity’s FBTC, Bitwise’s BITB, and VanEck’s HODL ETFs saw inflows of $74 million, $50.4 million, and $22.1 million, respectively. Other funds, including BTCO, EZBC, BRRR, and Grayscale’s Bitcoin Mini Trust, also participated in the bullish trend, pulling in $6.5 million, $5.7 million, $4.6 million, and $2.9 million in inflows, respectively.
Grayscale’s GBTC was the only Bitcoin ETF to experience outflows, with $7.7 million exiting the fund. Its total outflows since launch have now surpassed $20.1 billion. The remaining spot Bitcoin ETFs remained flat on the day.
Trading volume for the 12 BTC ETFs surged over threefold, reaching $2.43 billion on September 26, compared to the previous day. Cumulatively, these funds have attracted a total net inflow of $18.31 billion since their inception. Bitcoin itself had risen 2.7% over the past 24 hours, trading at $65,323 at the time of writing.
In contrast, spot Ethereum ETFs took a bearish turn, with net outflows amounting to $675.45K on the same day, ending a two-day streak of inflows. Grayscale’s ETHE led the outflows, with $36 million leaving the fund. However, this was partially offset by inflows into BlackRock’s ETHA and Fidelity’s FETH, which gained $15.3 million and $15.9 million, respectively. Other funds like QETH, ETHW, ETHV, and CETH recorded smaller inflows of $2 million, $951K, $971K, and $663K, respectively.
Trading volume for Ethereum ETFs also saw a rise, jumping to $257.4 million on September 26, up from $124 million the day prior. So far, spot Ethereum ETFs have experienced total net outflows of $581.61 million. At the time of publication, Ethereum was trading at $2,652.
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