Outside Source
Spot Bitcoin exchange-traded funds in the U.S. recorded a significant jump in net inflows on Sept. 24, while spot Ether ETFs reversed course, moving back into net positive flows.
Data from SoSoValue shows that the 12 spot Bitcoin ETFs recorded net inflows of $135.95 million on the day, marking the fourth consecutive day of positive inflows. Over this period, the funds have accumulated more than $390.7 million.
BlackRock‘s IBIT, the largest Bitcoin ETF, spearheaded the inflows with $98.9 million, marking its second consecutive day of positive inflows and bringing its total net inflows to $21.03 billion to date.
BItwise’s BITB and Fidelity’s FBTC followed with $17.4 million and $16.8 million flowing into their funds respectively. Grayscale Bitcoin Mini Trust drew in $2.9 million.
The remaining eight BTC ETFs including Grayscale’s GBTC remained neutral on the day.
Total trading volume for the 12 BTC ETFs soared to $1.11 billion on Sept. 24, higher than the $949.72 million seen the previous day. Since launch, these funds have recorded a cumulative total net inflow of $17.83 billion. Bitcoin (BTC) had risen 1.6% over the past day, trading at $64.196 at press time.
Meanwhile, the nine U.S.-based Spot Ethereum ETFs logged net inflows of $62.5 million on Sept. 24, a flip from the net negative flows seen the previous day. Most of the inflows went into BlackRock’s ETHA, which saw $59.3 million added to the fund.
VanEck’s ETHV and Invesco’s QETH also drew in modest inflows of $1.9 million and $1.3 million respectively. The remaining ETH ETFs saw no trading activity on the day.
The trading volume for these investment vehicles had seen a rise, jumping to $180.42 million on Sept. 24 from $167.35 million seen the previous day. The spot Ether ETFs have experienced a cumulative total net outflow of $624.17 million. At the time of publication, Ethereum (ETH) was exchanging hands at $2,623.
This article first appeared at crypto.news
