Bitcoin ETFs see over $500 million inflows in past 2 days


On Friday, Bitcoin ETFs recorded a significant inflow of $494.4 million, marking one of the highest single-day totals in recent months. Ark’s ARKB ETF led the charge with a substantial $203.1 million in new capital, continuing its strong momentum after a significant inflow on Sept.26.

Fidelity’s FBTC ETF saw $123.6 million, while BlackRock’s IBIT ETF contributed $110.8 million. Bitwise’s BITB added $12.9 million, while Grayscale’s GBTC posted $26.2 million in new flows. Minor inflows were seen in Invesco’s BTCO, Valkyrie’s BRRR, and VanEck’s HODL, which each reported around $3.3 million, and VanEck’s HODL saw an additional $11.2 million.

On Monday, Bitcoin ETFs saw a cooling in activity, with net inflows of $61.3 million. BlackRock’s IBIT ETF continued to attract capital with $72.2 million in inflows, but this was offset by outflows from Bitwise’s BITB and Ark’s ARKB ETFs, which saw withdrawals of $9.7 million and $9.5 million, respectively. Fidelity’s FBTC ETF also experienced a slowdown, adding only $8.3 million.

Bitcoin ETFs (Farside Investors)
Bitcoin ETFs (Farside Investors)

Ethereum ETFs followed a similar pattern. On Sept. 27, total inflows reached $58.7 million, led by Fidelity’s FETH ETF with $42.5 million and BlackRock’s ETHA at $11.5 million. Bitwise’s ETHW and Invesco’s QETH added $5.4 million and $4.3 million, respectively, while Grayscale’s ETHE ETF posted outflows of $10.7 million, partially offset by $2.3 million in inflows to Grayscale’s mini ETH fund.

On Sept. 30, Ethereum ETFs faced minor outflows totaling $0.8 million, driven by $11.8 million in outflows from Grayscale’s ETHE fund, while BlackRock’s ETHA ETF added a modest $11 million. No significant activity was reported across the other Ethereum ETFs, suggesting a quiet start to the week for institutional interest in Ethereum-backed products.

Ethereum ETFs (Farside Investors)Ethereum ETFs (Farside Investors)
Ethereum ETFs (Farside Investors)

Substantial inflows into Bitcoin ETFs on Friday emphasized continued institutional confidence, with Ark and Fidelity leading the charge. Monday saw a more tempered market reaction, possibly indicating short-term profit-taking or reallocation heading into the new week. Despite strong Friday inflows, Ethereum ETFs also saw a mixed start on Monday, with Grayscale’s outflows continuing to weigh on the overall market sentiment for Ethereum-backed funds.



Source link

Leave a Reply