Spot Bitcoin ETFs log massive $365.7m inflows led by ARK 21Shares' ARKB

crypto.news · 2024-09-26T22:29:53+00:00

Bitcoin ETFs in the US saw a two-month-high net inflow of $287.8m on Sept. 26, attributed largely to ARK 21Shares’ ARKB which attracted $113.8m. BlackRock’s IBIT drew $93.4m, while Fidelity’s FBTC, Bitwise’s BITB and VanEck’s HODL ETFs drew $74m, $50.4m and $22.1m respectively. Grayscale’s GBTC was the only BTC ETF to log outflows and saw $7.7m leave the fund. Meanwhile, Spot Ethereum ETFs experienced net daily outflows of $675.45k, which largely came from Grayscale ETHE which lost $36m.

crypto.news

2024-09-26 22:29:53

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Spot Bitcoin exchange-traded funds in the United States witnessed a two-month-high net inflow on Sept. 26 led by ARK 21Shares’ ARKB which drew in $113.8 million

According to data from SoSoValue, the 12 spot Bitcoin ETFs saw $287.8 million in net inflows yesterday, continuing their six-day upward momentum. This amount of outflows has not been seen since July 22.

BlackRock‘s IBIT, the largest Bitcoin ETF, drew $93.4 million in inflows, marking its fourth-day inflow streak and bringing its total net inflows to over $21.3 billion.

Moreover, Fidelity’s FBTC, Bitwise’s BITB and VanEck’s HODL ETFs also logged $74 million, $50.4 million and $22.1 million in inflows, per SoSoValue. BTCO, EZBC, BRRR and Grayscale Bitcoin Mini Trust funds joined the bullish momentum with $6.5 million, $5.7 million, $4.6 million and $2.9 million in inflows, respectively.

Grayscale’s GBTC was the sole Bitcoin ETF to record outflows on the day with $7.7 million exiting the fund. Its total outflows since launch day have now exceeded $20.1 billion.

The remaining spot BTC ETFs remained neutral on the day.

Total trading volume for the 12 BTC ETFs soared over three-fold to $2.43 billion on Sept. 26, compared to the day before. Since launch, these funds have recorded a cumulative total net inflow of $18.31 billion. Bitcoin (BTC) had risen 2.7% over the past day, trading at $65,323 at press time.

Meanwhile, the Spot Ethereum ETFs turned bearish, recording net outflows of $675.45K on Sept. 26, ending their two-day inflows streak. The entire outflows came from Grayscale ETHE which saw $36 million leave the fund

Most of these outflows were offset by BlackRock’s ETHA and Fidelity’s FETH which recorded $15.3 million and $15.9 million inflows respectively. QETH, ETHW, ETHV and CETH drew in more modest inflows of $2 million, $951K, $971K and $663K respectively.

The trading volume for these investment vehicles had seen a rise, jumping to $257.4 million on Sept. 26 from $124 million seen the previous day. The spot Ether ETFs have experienced total net outflows of $581.61 million. At the time of publication, Ethereum (ETH) was exchanging hands at $2,652.

BTC-2,22%

ARK-3,35%

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