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US spot Bitcoin ETFs post fifth straight day of inflows worth $105.8 million

US spot Bitcoin ETFs post fifth straight day of inflows worth $105.8 million

The BlockThe Block2024/09/26 06:30
By:Danny Park

U.S. spot bitcoin ETFs recorded a total daily net inflows of about $105 million on Wednesday, led by BlackRock’s IBIT.The bitcoin ETFs had a total trade volume of $795.88 million for the day.Spot ether ETFs also posted net inflows of $43.23 million, led by the Grayscale Ethereum Mini Trust.

Spot bitcoin exchange-traded funds in the U.S. posted their fifth consecutive day of total daily net inflows on Wednesday, worth $105.84 million.

BlackRock’s IBIT, the largest bitcoin ETF by net assets, reported daily net inflows of $184.38 million yesterday, according to data from SoSoValue. The only other fund with net inflows on Wednesday was Bitwise’s BITB, which had $2.07 million flow into the ETF.

Ark Invest and 21Shares’ ARKB saw $47.41 million net outflows on Wednesday, along with $33.19 million net outflows from Fidelity’s FBTC. The remaining eight funds, including Grayscale’s GBTC, had zero flows for the day.

The 12 spot bitcoin funds had a daily trade volume of $795.88 million on Wednesday, down from Tuesday’s $1.11 billion. Since their January launch, the ETFs have accumulated a total net inflow of $17.94 billion.

Ether ETFs extend inflows

Spot ether ETFs also posted net inflows on Wednesday, totaling $43.23 million. Grayscale Ethereum ETH -0.05% Mini Trust led the inflows with $26.63 million worth of positive flows.

BlackRock’s ETHA posted net inflows of $9.38 million, followed by $6.45 million from Fidelity’s FETH. 21Shares’ CETH recorded inflows of around $774,100, its first net inflows since July 31.

On Wednesday, the nine ether ETFs had a total trade volume of $124.18 million. Since their debut in July, the funds have posted total net outflows of $580.94 million.

In related ETF news, the U.S. Securities and Exchange Commission postponed its decision on listing and trading options for BlackRock, Bitwise and Grayscale’s Ethereum ETFs. While initially expected on Thursday in the U.S., the decision is now scheduled for November.

Meanwhile, bitcoin's price dropped 0.99% in the last 24 hours to $63,565, according to  The Block’s crypto price page . Ether's price also dipped 0.58% to $2,610 in the past day.


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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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