Significant inflows into Bitcoin exchange-traded funds (ETFs) in the United States have been registered, marking a noteworthy milestone as the asset surged above $65,000 on September 26. Preliminary data indicates that the cumulative inflow across 11 spot Bitcoin ETFs reached $365.7 million on that day. This is the largest daily inflow observed since July 22, when the total was $486 million, and it also represents the sixth consecutive trading day in which these institutional products experienced net inflows.
The ARK 21Shares Bitcoin ETF led the pack with an impressive inflow of $113.8 million, closely trailed by the BlackRock iShares Bitcoin Trust with $93.4 million. Just a day prior, BlackRock recorded its largest inflow for the month, bringing in $184.4 million on September 25. Other notable funds included the Fidelity Wise Origin Bitcoin Fund, which attracted $74 million; the Bitwise Bitcoin ETF with $50.4 million; and the VanEck Bitcoin ETF, which secured $22.1 million in inflows.
In contrast, the Grayscale Bitcoin Trust experienced outflows, losing $7.7 million, contributing to a staggering total outflow of $20.1 billion since its transformation into a spot ETF earlier this year. Despite these setbacks, the overall inflow for all 11 spot Bitcoin ETFs since their inception has now reached $18.3 billion.
While Bitcoin ETFs are enjoying significant momentum, spot Ethereum ETFs have not fared as well. On September 26, nine Ethereum funds collectively saw minor outflows totaling $100,000, despite considerable inflows into BlackRock and Fidelity’s Ethereum products, which gained over $15 million. The Grayscale Ethereum Trust continues to struggle, losing an additional $36 million recently.
