Spot Bitcoin ETFs accumulate $390.7 million over four days, while Ethereum ETFs experience a rebound,” highlighting a significant surge in net inflows for Bitcoin and a positive shift for Ethereum ETFs.
Data from SoSoValue indicates that the 12 spot Bitcoin ETFs garnered net inflows of $135.95 million on September 24, marking the fourth consecutive day of positive inflows. Over this period, these funds have collectively amassed over $390.7 million.
Leading the pack, BlackRock’s IBIT, which is the largest Bitcoin ETF, saw a substantial inflow of $98.9 million, continuing its positive trend for the second straight day and elevating its total net inflows to $21.03 billion to date.
Following closely, Bitwise’s BITB and Fidelity’s FBTC received $17.4 million and $16.8 million, respectively, while the Grayscale Bitcoin Mini Trust attracted $2.9 million.
The other eight Bitcoin ETFs, including Grayscale’s GBTC, remained neutral on the same day.
On September 24, the total trading volume for these 12 BTC ETFs surged to $1.11 billion, surpassing the previous day’s volume of $949.72 million. Since their inception, these funds have accumulated a total net inflow of $17.83 billion. Bitcoin (BTC) appreciated by 1.6% over the past day, trading at $64,196 at the time of writing.
Spot Ethereum ETFs Register a Major Rebound
Meanwhile, the nine U.S.-based Spot Ethereum ETFs reported net inflows of $62.5 million on September 24, a notable turnaround from the net negative flows witnessed the previous day. A significant portion of these inflows was directed towards BlackRock’s ETHA, which saw an addition of $59.3 million.
VanEck’s ETHV and Invesco’s QETH also recorded modest inflows of $1.9 million and $1.3 million, respectively. The other ETH ETFs did not experience any trading activity on that day.
The trading volume for these Ethereum investment vehicles spiked to $180.42 million on September 24, up from $167.35 million the previous day. Despite seeing a cumulative total net outflow of $624.17 million, the recent surge indicates positive market sentiment. As of publication, Ethereum (ETH) was trading at $2,623.
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