Bitcoin ETFs Experience Major Inflows on September 26
On September 26, Bitcoin ETFs saw remarkable inflows of $365.7 million, marking the highest single-day influx since July 22, when a whopping $530 million flowed into the market.
Top Performing Bitcoin ETFs
According to data from Farside, the following Bitcoin ETFs led the inflow activity:
- Ark’s ARKB ETF: $113.8 million
- BlackRock’s IBIT ETF: $93.4 million
- Fidelity’s FBTC ETF: $74 million
- Bitwise’s BITB ETF: $50.4 million
- VanEck’s HODL ETF: $22.1 million
- Invesco’s BTCO ETF: $6.5 million
- Franklin’s EZBC ETF: $5.7 million
Notably, Grayscale’s GBTC continued to experience outflows, losing $7.7 million, although its smaller Bitcoin ETF gained $2.9 million.
Ethereum ETFs See Mixed Results
In contrast, Ethereum ETFs faced a net outflow of $0.1 million, reflecting the volatility of investor sentiment in the Ethereum market. Key movements included:
- Grayscale’s ETHE Fund: Outflows of $36 million
- BlackRock’s ETHA: Inflows of $15.3 million
- Fidelity’s FETH: Inflows of $15.9 million
- Bitwise’s ETHW, Invesco’s QETH, and 21Shares’ CETH: Smaller inflows
- Other Funds (VanEck, Franklin): Remained stable
Evolving Trends in the Crypto Market
The differing flows in Bitcoin and Ethereum ETFs underscore the shifting dynamics within the cryptocurrency market. Bitcoin ETFs are attracting significant inflows, primarily driven by major players like Ark and BlackRock, while Ethereum ETFs are witnessing ongoing outflows, particularly from Grayscale.
This trend coincides with Bitcoin’s price breakthrough of $65,000 for the first time since August, further contributing to the bullish sentiment surrounding Bitcoin investments.