The U.S. spot Bitcoin exchange-traded fund (ETF) saw its largest single-day inflows in more than two months, with assets exceeding $65,000 in late trading on September 26th.
Total inflows into 11 spot Bitcoin ETFs in the US reached $365.7 million on September 26th. According to To preliminary data from Farside Investors.
The large inflows into the ETF were the largest since July 22, when the ETF saw inflows of $486 million. Additionally, inflows into institutional investment products continued for the sixth consecutive business day.
The ARK 21Shares Bitcoin ETF led the way with $113.8 million in inflows, followed by the BlackRock iShares Bitcoin Trust with $93.4 million.
BlackRock just had its biggest inflow day of the month on Wednesday, September 25th, with $184.4 million in inflows.
On the day, the Fidelity Wise Origin Bitcoin Fund had inflows of $74 million, the Bitwise Bitcoin ETF had $50.4 million, and the VanEck Bitcoin ETF had $22.1 million in inflows.
Meanwhile, the Invesco, Franklin, and Valkyrie ETFs saw smaller inflows of $6.5 million, $5.7 million, and $4.6 million, respectively.
Grayscale Bitcoin Trust was the only one to lose $7.7 million, bringing total outflows since converting to a spot ETF in January to $20.1 billion.
Spot Bitcoin ETF Flow. Source: Farside Investors
This capital injection brings total inflows to all 11 spot ETFs since inception to $18.3 billion.
ETF Store President Nate Geraci commented In his post on September 27th, X observed the following about the bumper influx:
“For context, fewer than 25 out of 500 ETFs launched in 2024 have taken in this amount *throughout the year*.”
On September 25th, Bloomberg ETF analyst Eric Balchunas said: commented The Spot Bitcoin (BTC) ETF is “92% of the way to owning 1 million Bitcoins and 83% of the way to overtaking Satoshi as the top holder.”
BTC spot price has increased by about 13% in the past two weeks following the Fed's rate cut.
Related: 'Sustained' inflows into Bitcoin ETFs could 'float' prices despite slowdown in spot purchases
However, the Spot Ethereum ETF lacks the momentum it saw on September 26th, when nine funds recorded outflows of $100,000. According to To far-side investors.
The outflow occurred despite both BlackRock and Fidelity expecting inflows of more than $15 million into their respective Spot Ether funds. Grayscale’s high-fee Ethereum Trust continues to lose assets, losing another $36 million on Thursday.
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