{"id":6734,"date":"2024-09-15T15:00:28","date_gmt":"2024-09-15T15:00:28","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=6734"},"modified":"2024-09-15T15:00:28","modified_gmt":"2024-09-15T15:00:28","slug":"spot-bitcoin-etfs-record-263-million-in-single-day-inflows-details","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=6734","title":{"rendered":"Spot Bitcoin ETFs Record $263 Million In Single-Day Inflows \u2014 Details"},"content":{"rendered":"

Spot Bitcoin ETFs (exchange-traded funds) in the United States closed the past week with their best single-day performance<\/a> in almost two months. This notable feat signaled a shift in investor sentiment as the crypto products have been experiencing significant capital outflows in the past few weeks.<\/p>\n

Investors Flood Back To Bitcoin ETFs After Two Weeks Of Outflows<\/h2>\n

On Friday, September 13, the US spot Bitcoin ETF market registered a net inflow of $263.1 million, the highest since July 22\u2019s $485.9 million single-day influx. Interestingly, BlackRock\u2019s IBIT, the largest BTC ETF by assets under management, posted zero net inflows on this day.<\/p>\n

The trillion-dollar asset manager\u2019s fund has not had the best run in the past few weeks, seeing no net trading activity on most days. Fidelity\u2019s FBTC led on Friday with $102.1 million in capital inflows while Ark & 21Shares\u2019 ARKB followed with a $99.3 million single-day influx.<\/p>\n

Furthermore, Bitwise\u2019s BITB came in third on the day, with an inflow of over $43 million. Notably, outflows from Grayscale\u2019s exchange-traded fund seem to be slowing down, with the GBTC product posting an inflow of $6.66 million on Friday.<\/p>\n\n

Source: SoSoValue<\/a><\/p>\n

Cumulatively, this brought the total weekly net inflows for the Bitcoin ETFs to an impressive $403.8 million, according to data from SoSoValue. This latest week of capital influx for the US-based Bitcoin ETFs is in contrast with the previous two weeks, which saw a cumulative $983.31 million flow out<\/a> of the crypto funds.<\/p>\n

The timing of the latest BTC ETF inflows is even more interesting, considering that the Bitcoin price made its way above the $60,000 level<\/a> again. As of this writing, the price of Bitcoin continues to hover around the $60,000 mark, with barely any movement in the past day.<\/p>\n

Ethereum Funds Continue To Trail Bitcoin ETFs<\/h2>\n

Spot Ethereum exchange-traded funds haven\u2019t quite lived up to the hype of the early days while struggling to be as impactful as their Bitcoin equivalents. On Friday, the US-based ETH funds closed with a daily total net inflow of $1.52 million.<\/p>\n

Notably, Grayscale\u2019s ETHE posted an outflow of more than $7.3 million on Friday. Meanwhile, Bitwise and BlackRock\u2019s Ethereum ETFs registered a capital inflow of $5.2 million and $3.67 million, respectively.<\/p>\n

However, this daily inflow of capital was not sufficient enough to turn the week into a positive one for the Ethereum funds. According to SoSoValue\u2019s data<\/a>, the Ethereum ETF market registered a total net outflow of almost $13 million in the past week.<\/p>","protected":false},"excerpt":{"rendered":"

Spot Bitcoin ETFs (exchange-traded funds) in the United States closed the past week with their best single-day performance in almost two months. This notable feat signaled a shift in investor sentiment as the crypto products have been experiencing significant capital outflows in the past few weeks. Investors Flood Back To Bitcoin ETFs After Two Weeks […]<\/p>\n","protected":false},"author":0,"featured_media":6735,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/6734"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6734"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/6734\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/6735"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}