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Bitcoin ETFs record $61M inflows, ETH ETFs experience $823k outflows

Bitcoin ETFs record $61M inflows, ETH ETFs experience $823k outflows

CryptopolitanCryptopolitan2024/09/30 16:00
By:By Collins J. Okoth

U.S. spot Bitcoin ETFs recorded daily total net inflows worth $61.30 million on September 30. BalckRock’s IBIT registered the largest inflows among the twelve approved exchange-traded funds, with net inflows worth $72.15 million. Ethereum ETFs record daily net outflows worth $823k, bringing their cumulative total net outflows to $524 million.

U.S. spot Bitcoin ETFs witnessed daily total net inflows worth $61.30 million on September 30. The inflows marked an eight-day positive streak that started on September 19. BlackRock’s ETF IBIT led with positive flows with $72.15 million.

U.S. spot Bitcoin ETFs marked an eight-day streak of positive inflows on September 30 after recording net inflows worth $61.30 million. The eight-day positive streak commenced on September 19 with $158 million in inflows before peaking on September 27 with a daily total net inflow of about half a billion dollars.

BalckRock’s IBIT tops the chart with $72.15M in inflows

Bitcoin ETFs record $61M inflows, ETH ETFs experience $823k outflows image 0 Source: Sosovalue

Only BlackRock and Fidelity funds registered positive flows on September 30. According to live ETF data from Sosovalue, BlackRock’s iShares Bitcoin Trust ETF registered the most inflows, worth $72.15 million. The fund also recorded inflows worth $110 million on September 27 and has been on a positive streak since September 23. 

Fidelity’s ETF FBTC trailed far behind with inflows worth $8.32 million. According to data from Farside, the inflows marked a three-day streak of positive flows that commenced on September 26. Previous readings on September 27 indicate that FBTC outperformed BlackRock’s IBIT by registering inflows worth $123.6 million.

Ark & 21 Shares’ ARKB and Bitwise’s BITB are the only funds that saw negative flows on September 30. ARKB registered outflows worth $9.50 million, ending its two-day positive streak. The fund registered inflows worth $203.1 million and $113.8 million on September 27 and 26, respectively.

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Bitwise recorded outflows worth $9.67 million, which is a significant drop from September 27, when the fund saw inflows worth $12.9 million. Other funds, such as Grayscale’s GBTC, Grayscale’s BTC, VanEck’s HODL, and Valkyrie’s BRRR, registered zero flows. 

The cumulative total net inflow of U.S. spot Bitcoin ETFs currently sits at $18.86 million. Bitcoin ETFs currently hold digital assets worth $59.08 billion, which accounts for 4.69% of Bitcoin’s market capitalization. 

U.S. spot Ethereum ETFs register $823K in outflows

On the other hand, Spot Ethereum ETFs recorded daily total net outflows worth 822.29K on September 30. Only BlackRock’s ETHA registered net inflows. The fund recorded positive flows worth $10.99 million. 

Grayscale’s ETHE registered the only outflows across all nine approved funds worth $11.81 million, bringing the net outflows to $822.29k. Ethereum ETFs’ cumulative total net outflows currently sit at 527.79 million, according to ETF tracking website Sosovalue.

Other Ether ETFs, such as Fidelity’s FETH, VanEck’s ETHV, and Franklin’s EZET, netted zero flows on September 30. Ethereum ETFs registered positive flows on September 27, worth $58.65 million. Fidelity’s FETH had been on a three-day streak of positive flows starting September 25, according to Farside . The total net assets held under Ether ETFs’ custody represent 2.27% of Ethereum’s market cap, which is approximately $7.14 billion.

See also Santiment: Uptober is here, what coins are whales buying?
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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