Outside Source
Spot Bitcoin ETFs in the U.S. marked their fifth straight day of net inflows, with spot Ether ETFs also registering inflows for a second consecutive day.
Data from SoSoValue shows that the 12 spot Bitcoin ETFs recorded net inflows of $105.84 million on Sept. 25, marking the fifth consecutive day of positive inflows. Over this period, the funds have accumulated more than $496.56 million.
BlackRock‘s IBIT, the largest Bitcoin ETF, led the inflows for the second consecutive day with $98.9 million flowing into the fund, bringing its total net inflows to $21.2 billion. BItwise’s BITB drew in $2.1 million.
These inflows were partially offset by Fidelity’s FBTC and ARK 21Shares’ ARKB which experienced outflows totalling $33.2 million and $47.4 million, respectively. The remaining eight BTC ETFs including Grayscale’s GBTC remained neutral on the day
Since the conversion of GBTC into an ETF, investors have withdrawn more than $20.1 billion from the fund. However, the significant outflows that followed the conversion have eased in recent weeks.
Total trading volume for the 12 BTC ETFs dipped to $795.85 million on Sept. 25, lower than the $1.11 billion seen the previous day. Since launch, these funds have recorded a cumulative total net inflow of $17.94 billion. Bitcoin (BTC) was trading at $63,675 at press time.
The nine U.S.-based Spot Ethereum ETFs logged net inflows of $43.23 million on Sept. 25, continuing the positive performance seen the previous day. Most of the inflows went into Grayscale Bitcoin Mini Trust, which saw $26.6 million added to the fund.
BlackRock’s ETHA and Fidelity’s FETH followed with inflows of $ 9.4 million and $6.4 million respectively. 21Shares CETH also drew in a more modest inflow of $774.1K The remaining ETH ETFs saw no trading activity on the day.
The trading volume for these investment vehicles dropped to $124 million on Sept. 25 from $180.42 million seen the previous day. The spot Ether ETFs have experienced a cumulative total net outflow of $580.94 million. At the time of publication, Ethereum (ETH) was exchanging hands at $2,613.
This article first appeared at crypto.news
