The US-based Spot Bitcoin exchange-traded fund (ETF) has attracted more than $1.1 billion since September 23, its biggest inflow since July 15-19.
According to That included $494.4 million on Sept. 27, the best performance since June 4, according to a report to far side investors. The Spot Bitcoin ETF received $366 million in inflows on September 26th.
BlackRock's iShares Bitcoin Trust, ARK 21Shares Bitcoin ETF, and Fidelity® Wise Origin® Bitcoin Fund led weekly flows of $499 million, $289.5 million, and $206.1 million, respectively.
Invesco, Galaxy, Franklin Templeton, Valkyrie and VanEck Bitcoin funds saw inflows of $5.7 million to $33.3 million, while WisdomTree Bitcoin Fund recorded no inflows this week.
The US Spot Bitcoin ETF will be liquid from September 23rd to 27th. Source: Farside Investors
The latest inflows bring the 11 spot ETFs' total inflows to $18.8 billion since they began operations in January.
The increase in spot Bitcoin ETF flows occurred in response to the US Federal Reserve's interest rate cut on September 18th.
Since then, Bitcoin has risen 13.8% to $65,800, CoinGecko data indicates.
The cryptocurrency is currently only 10.8% off its March 14 all-time high of $73,738.
The fourth quarter is just around the corner, and Coinglass says Bitcoin has risen more than 50% in the fourth quarter of five of the past nine years. data indicates.
Related: 'Sustained' inflows to Bitcoin ETFs could 'float' prices despite slowdown in spot purchases
Meanwhile, the US Spot Ether (ETH) ETF recorded This week saw inflows of $85 million, the largest week since August 5-9.
Since its launch on July 23, Ethereum products have seen just over $1.1 billion in inflows, including $2.9 billion in outflows from the Grayscale Ethereum Trust.
The US Spot Ether ETF will flow from September 23rd to 27th. Source: Farside Investors
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