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U.S. spot Bitcoin ETFs record $500 million in net inflows

U.S. spot Bitcoin ETFs record $500 million in net inflows

CryptopolitanCryptopolitan2024/09/27 16:00
By:By Collins J. Okoth

Share link:In this post: Spot Bitcoin ETFs registered daily total net inflows worth $494.27 million on 27th September. Ark & 21Shares’ ARKB, led the pack with $203.07 million inflows, while Valkyrie’s BRRR saw $3.26 million. None of the ETFs registered outflows; only four recorded zero flows.

U.S. spot Bitcoin ETFs witnessed daily total net inflows worth $494.27 million on September 27th. The inflows marked a six-day positive streak that started on September 19th. None of the approved ETFs registered outflows, and only four registered zero flows.

U.S. spot Bitcoin exchange-traded funds (ETFs) are again in the spotlight for recording daily total net inflows worth $494.27 million on 27th September. The inflows registered on Friday mark a six-day streak of positive flows that commenced on September 19th. 

Ark & 21Shares leads the pack with $203 million in Bitcoin ETF inflows

U.S. spot Bitcoin ETFs record $500 million in net inflows image 0 Source: Sosovalue

According to data from Sosovalue , Ark & 21Shares, ARKB outperformed other ETFs by recording the largest inflow. The ETF saw inflows worth $203.07 million, bringing its cumulative net inflow to $2.72 billion. ARKB’s inflows mark a significant increase from $113.8 million recorded on September 26th. 

Fidelity’s FBTC came in second with inflows worth $123.61 million. FBTC also saw a significant increase in net inflows from $74 million recorded on 26th September. BlackRock’s iShares Bitcoin Trust (IBIT) Exchange Traded Fund registered inflows worth $110.82 million, marking a five-day streak of positive flows. The fund also registered an increase from $93.4 million recorded on 26th September. IBIT now has a cumulative net inflow of $21.42 billion cementing its reign as the largest spot Bitcoin ETF.

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Grayscale’s GBTC came in fourth with net inflows worth $26.15 million. On September 26th, GBTC recorded outflows worth $7.7 million. Bitwise’s fund BITB trailed GBTC with net inflows worth $12.91 million, bringing its cumulative net inflow to $2.15 billion. BITB registered a significant decline in inflows from $50.4 million recorded on September 26th.

VanEck’s HODL witnessed $11.17 million in inflows, bringing its cumulative net inflows to $650.13 million. Invesco’s BTCO came in next with inflows totaling $3.28 million, and Valkyrie’s BRRR recorded the least inflows worth $3.26 million. 

Both BTCO and BRRR inflows declined from $6.5 million and $4.6 million worth of inflows registered on 26th September. Grayscale’s BTC, Franklin’s EZBC, Wisdom Tree’s BTCW, and Hashdex’s DEFI did not register any flows, and none of the ETFs recorded any outflows.

Bitcoin ETFs have achieved a cumulative total net inflow of $18.69 billion, an increase from $18.31 billion recorded on September 26th. The total net assets held by all Bitcoin spot ETFs sit at $61.21 billion, which is 4.71% of Bitcoin’s market cap.

ETH ETFs record inflows worth $58.65 million

Ethereum ETFs also recorded positive daily total net inflows worth $58.65 million. Fidelity’s fund FETH registered the most inflows, worth $42.54 million, followed by BlackRock’s ETHA with $11.46 million. Bitwise’s ETHW came in third with inflows worth $5.43 million, and Invesco’s QETH trailed ETHW with inflows totaling $4.32 million. 

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Grayscale’s ETH and VanEck’s ETHV followed with $2.29 million and $1.98 million, respectively. Franklin’s EZET registered zero inflows, while Grayscale’s ETHE was the only ETF that witnessed outflows worth $10.72 million. The total net assets held by all Ethereum spot ETFs sit at $7.44 billion, 2.3% of Ethereum’s market cap.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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