As a seasoned researcher who has witnessed the evolution of the digital asset market, I find it fascinating to observe the consistent inflows into Bitcoin and Ethereum ETFs in the U.S. It seems that institutional investors are increasingly recognizing the potential of these cryptocurrencies as viable investment options.
As a crypto investor, I’ve noticed a consistent trend over the past five days: U.S.-based Bitcoin ETFs have been seeing net inflows, which means more money is flowing into these funds rather than out. Similarly, spot Ether ETFs have also experienced inflows for two consecutive days. This suggests that there’s growing interest in these digital assets among investors.
According to SoSoValue data, Bitcoin ETFs saw a net investment of approximately $105.84 million on September 25, making it the fifth consecutive day with positive investments. Over this five-day span, these funds have gathered over $496.56 million in total.
As a crypto investor, I’m thrilled to see that BlackRock’s IBIT, the largest Bitcoin ETF, is leading the way again with an impressive $98.9 million pouring into this fund for the second day in a row. This brings its total net inflows up to a staggering $21.2 billion. It’s also noteworthy that Bitwise’s BITB attracted $2.1 million as well. The momentum is undeniably on our side!
On that particular day, the positive inflows we saw were partly balanced by decreases in investments with Fidelity’s FBTC and ARK 21Shares’ ARKB. These two entities reported outflows amounting to $33.2 million and $47.4 million respectively. The other eight Bitcoin ETFs, including Grayscale’s GBTC, remained unchanged for the day.
After the transformation of GBTC into an ETF, there’s been a withdrawal exceeding $20.1 billion from the fund. Yet, the substantial withdrawals seen post-conversion have noticeably reduced in the past few weeks.
On September 25th, the combined trading volume for the twelve Bitcoin ETFs decreased to approximately 795.85 million dollars, lower than the 1.11 billion dollars traded the day before. Since their launch, these funds have collectively attracted a total net inflow of around 17.94 billion dollars. At the time of reporting, one Bitcoin was being traded for 63,675 dollars.
On September 25th, U.S.-located Spot Ethereum ETFs recorded a total inflow of approximately $43.23 million, marking a continuation of the favorable trend observed the day before. The majority of these investments were funneled into Grayscale Bitcoin Mini Trust, with an additional $26.6 million being contributed to this fund.
Yesterday, BlackRock’s ETHA and Fidelity’s FETH recorded significant inflows totaling approximately $9.4 million and $6.4 million respectively. Additionally, 21Shares CETH experienced a more modest inflow of around $774.1K. The other Ethereum-based ETFs did not see any trading activity during the day.
On September 25th, the trading volume for these investment tools decreased to $124 million from $180.42 million recorded the day before. Moreover, the Ether ETFs have shown a cumulative total outflow of approximately $580.94 million. As of publication, Ethereum (ETH) was being traded at around $2,613.
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2024-09-26 09:22