Bitcoin buyers throw $366M into US ETFs as BTC pushes above $65K

Spot Bitcoin exchange-traded funds in the United States have seen their largest daily inflow for more than two months as the asset broke above $65,000 in late trading on Sept. 26.

The total aggregate inflow for the eleven spot Bitcoin ETFs in the United States hit $365.7 million on Sept. 26, according to preliminary data from Farside Investors. 

The bumper ETF inflow is the largest since July 22, when there was an inflow of $486 million. It also marks the sixth consecutive trading day of inflows for the institutional investment products. 

The ARK 21Shares Bitcoin ETF (ARKB) led with an inflow of $113.8 million, closely followed by BlackRock iShares Bitcoin Trust (IBIT) with $93.4 million. 

BlackRock just had its largest inflow day for a month on Wednesday, Sept. 25, with $184.4 million. 

The Fidelity Wise Origin Bitcoin Fund (FBTC) saw inflows of $74 million, the Bitwise Bitcoin ETF (BITB) had $50.4 million, and the VanEck Bitcoin ETF (HODL) saw $22.1 million in inflows for the day.

Meanwhile, there were minor inflows for the Invesco, Franklin, and Valkyrie ETFs, which had $6.5 million, $5.7 million, and $4.6 million, respectively. 

The Grayscale Bitcoin Trust (GBTC) was the only outflow, which bled $7.7 million, bringing the total outflow to $20.1 billion since it converted to a spot ETF in January. 

The latest injection of capital brings the aggregate inflow since inception for all eleven spot ETFs combined to $18.3 billion. 

ETF Store president Nate Geraci commented on the bumper inflow in a post on X on Sept. 27, observing: 

“For context, out of 500 ETFs launched in 2024, less than 25 have taken this amount in for the *entire year*.”

On Sept. 25, Bloomberg ETF analyst Eric Balchunas commented that spot Bitcoin ETFs are “92% of the way to owning 1 million Bitcoin and 83% of the way to passing Satoshi as the top holder.” 

BTC spot prices have gained almost 13% over the past fortnight in the wake of the Fed interest rate cut. 

Related: ‘Sustained’ Bitcoin ETF inflows may ‘buoy’ price despite slowing spot buying

However, spot Ethereum ETFs are lacking the same momentum as nine funds registered an outflow of $100,000 on Sept. 26, according to Farside Investors. 

The outflow came despite BlackRock and Fidelity both seeing more than $15 million in inflows for their respective spot Ether funds. Grayscale’s high-fee Ethereum Trust (ETHE) continues to hemorrhage assets, losing a further $36 million on Thursday. 

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