Key Points
- Spot Bitcoin ETFs in the U.S. experienced their fifth day of net inflows, with Ether ETFs also seeing inflows for a second day.
- SoSoValue data shows 12 Bitcoin ETFs recorded net inflows of $105.84 million on Sept. 25, with a five-day total of over $496.56 million.
Spot Bitcoin ETFs in the U.S. recently observed their fifth consecutive day of net inflows.
Also, spot Ether ETFs registered inflows for the second day in a row.
Bitcoin ETF Inflows
According to data from SoSoValue, the 12 spot Bitcoin ETFs logged net inflows of $105.84 million on September 25.
This marked the fifth straight day of positive inflows, with the funds accumulating over $496.56 million during this period.
Leading the inflows for the second day in a row was BlackRock’s IBIT, the largest Bitcoin ETF, with $98.9 million flowing into the fund.
This brought the total net inflows to $21.2 billion.
Bitwise’s BITB also attracted $2.1 million.
However, these inflows were somewhat offset by outflows from Fidelity’s FBTC and ARK 21Shares’ ARKB, totaling $33.2 million and $47.4 million respectively.
The remaining eight Bitcoin ETFs, including Grayscale’s GBTC, stayed neutral for the day.
GBTC Conversion and Ethereum ETF Inflows
Since GBTC’s conversion into an ETF, investors have withdrawn more than $20.1 billion from the fund.
Nevertheless, the significant outflows that followed the conversion have lessened in recent weeks.
On September 25, the total trading volume for the 12 Bitcoin ETFs fell to $795.85 million, less than the $1.11 billion seen the previous day.
Since their inception, these funds have recorded a cumulative total net inflow of $17.94 billion.
At press time, Bitcoin (BTC) was trading at $63,675.
The nine U.S.-based Spot Ethereum ETFs recorded net inflows of $43.23 million on September 25, continuing the positive performance seen the previous day.
The majority of these inflows went into the Grayscale Bitcoin Mini Trust, which saw an addition of $26.6 million.
Following this were BlackRock’s ETHA and Fidelity’s FETH, with inflows of $9.4 million and $6.4 million respectively.
21Shares’ CETH also drew a more modest inflow of $774.1k.
The remaining Ethereum ETFs saw no trading activity for the day.
The trading volume for these investment vehicles dropped to $124 million on September 25, down from $180.42 million the previous day.
The spot Ether ETFs have experienced a cumulative total net outflow of $580.94 million.
At the time of publication, Ethereum (ETH) was trading at $2,613.