Spot Bitcoin ETFs log massive $365.7m inflows led by ARK 21Shares’ ARKB

spot-bitcoin-etfs-log-massive-365-7m-inflows-led-by-ark-21shares-arkb

On September 26, spot Bitcoin exchange-traded funds (ETFs) in the United States saw their highest net inflows in two months, driven by ARK 21Shares’ ARKB, which attracted $113.8 million. Data from SoSoValue indicated that the 12 spot Bitcoin ETFs collectively garnered $287.8 million in net inflows, continuing a six-day upward trend—the highest level of inflows since July 22.

BlackRock’s IBIT, the largest Bitcoin ETF, contributed $93.4 million in inflows, marking its fourth consecutive day of inflows and bringing its total to over $21.3 billion. Other notable ETFs included Fidelity’s FBTC, Bitwise’s BITB, and VanEck’s HODL, which recorded inflows of $74 million, $50.4 million, and $22.1 million, respectively. Additionally, BTCO, EZBC, BRRR, and Grayscale Bitcoin Mini Trust saw smaller inflows of $6.5 million, $5.7 million, $4.6 million, and $2.9 million.

Conversely, Grayscale’s GBTC was the only Bitcoin ETF to experience outflows, with $7.7 million leaving the fund, bringing its total outflows since launch to over $20.1 billion. The other spot Bitcoin ETFs remained neutral during this period.

Total trading volume for the 12 Bitcoin ETFs surged over threefold to $2.43 billion on September 26, compared to the previous day. Since their launch, these funds have recorded cumulative net inflows of $18.31 billion. At press time, Bitcoin had risen 2.7%, trading at $65,323.

In contrast, spot Ethereum ETFs turned bearish on the same day, with net outflows of $675,450, ending a two-day inflow streak. Most of these outflows were attributed to Grayscale’s ETHE, which saw $36 million exit the fund. However, BlackRock’s ETHA and Fidelity’s FETH partially offset these losses with inflows of $15.3 million and $15.9 million, respectively. QETH, ETHW, ETHV, and CETH attracted more modest inflows of $2 million, $951,000, $971,000, and $663,000.

The trading volume for Ethereum ETFs increased to $257.4 million on September 26, up from $124 million the previous day. Overall, spot Ether ETFs have faced total net outflows of $581.61 million. At the time of publication, Ethereum was trading at $2,652, reflecting a 1.23% increase.

Leave a Reply

Your email address will not be published. Required fields are marked *