Spot Bitcoin ETFs accumulate $390.7m over four days, Ethereum ETFs see rebound

On September 24, spot Bitcoin exchange-traded funds (ETFs) in the U.S. saw a notable increase in net inflows, while spot Ether ETFs experienced a reversal back to net positive flows. Data from SoSoValue reveals that the 12 spot Bitcoin ETFs recorded net inflows of $135.95 million that day, marking the fourth consecutive day of positive inflows, with total accumulation surpassing $390.7 million over this period.

BlackRock’s IBIT, the largest Bitcoin ETF, led the way with $98.9 million in inflows, continuing its strong performance with a total of $21.03 billion in net inflows to date. Bitwise’s BITB and Fidelity’s FBTC followed, attracting $17.4 million and $16.8 million, respectively, while Grayscale Bitcoin Mini Trust added $2.9 million.

Total trading volume for the 12 Bitcoin ETFs surged to $1.11 billion on September 24, up from $949.72 million the previous day. Since their launch, these funds have accumulated a total net inflow of $17.83 billion. As of the latest data, Bitcoin was trading at $64,196, having risen 1.6% over the past day.

In contrast, the nine U.S.-based spot Ethereum ETFs reported net inflows of $62.5 million on the same day, reversing the negative flows seen previously. The majority of these inflows went to BlackRock’s ETHA, which saw $59.3 million added. VanEck’s ETHV and Invesco’s QETH recorded modest inflows of $1.9 million and $1.3 million, respectively, while the other ETH ETFs remained inactive.

Trading volume for the Ethereum ETFs also increased, rising to $180.42 million on September 24 from $167.35 million the day before. Despite the recent inflows, the spot Ether ETFs have faced a cumulative net outflow of $624.17 million. At the time of publication, Ethereum was trading at $2,623.