As a seasoned crypto investor with a knack for spotting trends and a penchant for ETFs, I find myself intrigued by these recent flow patterns. The consistent inflows into Bitcoin ETFs are indeed encouraging, especially considering BlackRock’s IBIT leading the pack. It’s fascinating to see such a significant amount of capital flowing into these funds since their inception.
On September 30th, Bitcoin exchange-traded funds continued to attract investment for the eight consecutive day, while Ethereum exchange-traded funds witnessed outflows after a day of inflows.
Based on figures from SoSoValue, the collection of Bitcoin ETFs with 12 spots saw a total of $61.3 million flow in as net inflows, marking the eighth straight day of positive inflows. This surge attracted approximately $1.42 billion into these funds.
BlackRock’s IBIT fund garnered the most investments with a flow of $72.15 million, marking its sixth consecutive day of attracting funds. Since its debut, the ETF has amassed a total of $24.14 billion in net inflows. Meanwhile, Fidelity’s FBTC fund gathered $8.32 million.
On Monday, there were withdrawals totaling $9.5 million from ARK and 21Shares’ ARKB after a profitable trading day that added $203.07 million to their fund. Simultaneously, Bitwise’s BITB experienced an outflow of approximately $9.67 million.
On Monday, there were no new investments in Grayscale’s GBTC, contrasting with the $26.15 million invested the day before. Similarly, the other six Bitcoin Spot ETFs also experienced no inflows of funds.
On September 30th, there was a significant drop in the overall trading volume for the 12 BTC ETFs, reaching approximately $1.37 billion compared to the previous day’s figures. Since their launch, these funds have collectively brought in a net inflow of $18.86 billion. At the moment of press, Bitcoin (BTC) has decreased by 1.1%, with its current trading price being $63,899.
Ether ETFs register minor outflows
As I delve into my research, I’ve noticed an interesting trend with the seven-spot Ethereum ETFs in the U.S. On September 30, these ETFs experienced a net outflow of approximately $822,290, a stark contrast to the inflows worth $58.65 million recorded on the preceding trading day. This shift in investment flow is intriguing and warrants further exploration.
Despite Grayscale’s ETHE seeing withdrawals totaling $11.81 million, BlackRock’s ETHA made up for a significant portion of these losses by taking in $10.99 million, which represents the fifth straight day of deposits for ETHA.
The remaining seven spot ETH ETFs remained neutral on the day.
On September 30th, the trading volume for these investment instruments decreased significantly, going down to approximately $149.14 million from $249 million recorded the day before. Since their launch, Ether ETFs have faced total net withdrawals amounting to $523.79 million. As of publication, Ethereum (ETH) was being traded at around $2,644.
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2024-10-01 10:00