Spot Bitcoin ETFs’ Net Inflows Hit A Two-Month High

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Bitcoin ETFs Hit Sixth Consecutive Day of Positive Flows, Cross $365.7 Million

Spot Bitcoin ETFs maintained a positive trend for the sixth consecutive day on Thursday, recording net inflows of $365.7 million, reaching a two-month high. Meanwhile, Ethereum ETFs faced net outflows.

Bitcoin ETFs maintained a positive streak for the sixth consecutive day, amassing $365.7 million in net inflows on Thursday, September 26. At the same time, six products saw net outflows, and the broader crypto market experienced a gradual value increase, with Bitcoin crossing $65,000.

On the other hand, spot Ethereum ETFs encountered net outflows, although six products recorded net positive flows for the day.

Bitcoin ETFs Hit A Two-Month High in Net Inflows

According to data from Farside Investors, spot Bitcoin ETFs hit the sixth consecutive day of positive flows. The ETFs recorded net inflows of $365.7 million on Thursday, marking a two-month high.

Among the Bitcoin ETFs, Ark Invest and 21Shares’ ARKB led the way with $113.8 million in net inflows. Notably, ARKB began the positive flows chain on Monday.

Following the massive accumulation, ARKB's record stood at $2.52 billion in net inflows as of September 26. The ETF also boasts the highest net inflows among all the products.

The next product is the largest spot BTC ETF in total assets, BlackRock’s IBIT, with net inflows of $93.4 million. As of September 26, IBIT boasts net outflows of $21.31 billion.

Fidelity’s FBTC and Bitwise’s BITB also performed well, amassing $74.0 million and $50.4 million in net inflows, respectively. Notably, VanEck’s HODL recorded a $22.10 million increase in net inflows.

Other ETFs with positive daily flows include products from Invesco (BTCO), Franklin Templeton (EZBC), Valkyrie (BRRR), and Grayscale's Bitcoin Mini Trust (BTC). These ETFs saw smaller net inflows of $6.5 million, $5.7 million, $4.6 million, and $2.9 million, respectively.

интересно, что Wisdom Tree’s BTCW encountered zero net flows for the day, while Grayscale’s GBTC recorded negative flows with an exit of $7.7 million.

Impressively, the daily trade volume of all the 12 ETFs amounted to $2.43 billion, their largest record since August 23. Following Thursday’s massive accumulation, the 12 Bitcoin ETFs’ net inflows hit over $18.31 billion.

The ETFs’ consistent inflows reflect increasing investors’ demand for the products as Bitcoin reclaimed its value amid the market’s bullish momentum.

Bitcoin’s trade volume rose by 45.44% to $38.47 billion, and its market cap is over $1.29 trillion.

Ethereum-Based ETFs Encounter Cumulative Outflows

While US Bitcoin ETFs are on a positive trend, the reverse is true for Ethereum-based ETFs. On Thursday, spot Ethereum-based ETFs returned to net negative flows after two days of net inflows.

According to data from SoSoValue, the products recorded net outflows of $675,450, although six Ether ETFs saw net inflows for the day.

Fidelity's FETH led the positive trend with net inflows of $15.92 million for the day. BlackRock's ETHA followed closely with $14.85 million in net inflows.

Bitwise's ETHW and VanEck's EZET added $951,870 and $971,560 to their holdings. While Invesco's QETH amassed over $1.99 million in net inflows, Ark Invest and 21Shares' CETH increased by $663,390.

Grayscale's ETHE accounted for the overall negative flows, with net outflows of over $36.5 million for the day. The nine Ether ETFs’ daily trade volume on Thursday increased to $257.40 million, up from $124.18 million the previous day.