On September 27, the net inflow of spot Bitcoin ETFs reached US$494 million, marking the seventh consecutive day of increased investment.
Spot Bitcoin ETF inflows have increased dramatically. According to Farside Investors, total inflows into Bitcoin ETFs this week were about $1.1 billion. The leaders were the ARK 21Shares Bitcoin ETF, which had inflows of $203 million, and Fidelity's Bitcoin ETF, which had inflows of $124 million. The former set a record for the highest single-day inflow since its launch. In third place was BlackRock's iShares Bitcoin Trust, which had inflows of $110.8 million and is the largest spot Bitcoin ETF in terms of net assets.
Other Bitcoin ETFs that saw inflows this week included Grayscale’s Bitcoin Trust, GBTC, which received $26.2 million, as well as smaller contributions from various Valkyrie, Invesco, Franklin Templeton, and Bitwise funds. This week also marked a dramatic return for Grayscale’s GBTC after two weeks of no inflows.
Institutional optimism fuels expectations of a rise in Bitcoin. Spot Ethereum ETFs also attracted attention, with inflows of $58 million. Grayscale's Ethereum ETF lost $10.7 million, while Fidelity's Ethereum ETF added $42.5 million and BlackRock's ETF added $11.5 million.
Beyond the ETF space, institutions are also preparing for a potential fourth-quarter rally in Bitcoin, helped in part by global monetary easing. As the People’s Bank of China injects fresh liquidity, Chinese investors continue to buy cryptocurrencies as a hedge against shaky economic conditions at home.
The article is for reference only and does not constitute investment advice.
