Bitcoin ETFs Hit $1b Weekly Inflows, Analysts Expect FOMO-Driven Rally
Liquidity flowing into spot Bitcoin exchange-traded funds, or ETFs, surpassed $1 billion this week as analysts anticipate a new all-time high for the top cryptocurrency over the next three months.
For the first time since July, weekly inflows into spot Bitcoin ETFs surpassed the billion-dollar mark, reaching $1.11 billion. This pushed the total cumulative net inflows across the 12 offerings to $18.8 billion, marking a new all-time high, per SoSoValue data.
Notably, most of the inflows — $494.27 million — were recorded on Sept. 27, led by ARK 21Shares’ ARKB, with only four of the twelve offerings registering no flows.
-ARK 21Shares’ ARKB, $203.07 million.
-Fidelity’s FBTC, 123.61 million.
-BlackRock’s IBIT continued its 5-day inflow streak bringing in $110.82 million.
-Grayscale’s GBTC drew in $26.15, its first inflow since Sept. 16
-Bitwise’s BITB logged its fourth straight day of positive inflows, bringing in $12.91 million.
-VanEck’s HODL, $11.17 million.Invesco’s BTCO, $3.28 million.
-Valkyrie’s BRRR, $3.26 million.
-Franklin Templeton’s EZBC, WisdomTree’s BTCW, Grayscale Bitcoin Mini Trust, and Hashdex’s DEFI saw no flows.