Did These Investors Increase Bitcoin Price? Confidence Renewed with $192 Million

The support given to Bitcoin by US investors yesterday played an important role in the price exceeding $60,000.

Spot Bitcoin exchange-traded funds (ETFs) in the US recorded a net inflow of $192.56 million on Thursday.

BlackRock's IBIT fund had the largest inflow among the funds with an inflow of $157.6 million. According to SoSoValue data, WisdomTree's BTCW fund recorded its largest inflow to date with $118.52 million on Thursday.

Fidelity's FBTC fund saw a net inflow of $65.25 million, while Ark Invest and 21Shares' ARKB funds saw an inflow of $32.79 million. VanEck's HODL fund also reported a net inflow of $3.38 million.

On the other hand, Grayscale’s GBTC fund experienced a net outflow of $182.94 million on Thursday. Hashdex’s spot Bitcoin fund experienced an outflow of $2.03 million.

The total trading volume of spot Bitcoin ETFs on Thursday reached $2 billion. This figure was $1.79 billion on Wednesday. The 12 funds launched in January accumulated a total net inflow of $17.43 billion.

Ethereum funds experienced outflows

Spot Ethereum ETFs in the US experienced similar inflows and outflows on Thursday, resulting in a net outflow of $2.87 million. BlackRock’s ETHA fund saw a net inflow of $11.74 million, while Grayscale’s mini trust fund recorded an inflow of $5 million.

Bitwise’s ether fund also reported a net inflow of $2.78 million. However, these inflows were offset by $19.83 million in outflows from Grayscale’s ETHE fund and $2.58 million in outflows from Fidelity’s Ethereum ETF.

Total daily trading volume for Ethereum ETFs reached $338.49 million yesterday. These funds have seen a total net outflow of $390.23 million since their launch on July 23.

Bitcoin price increased by 6.93% in the last 24 hours to 60.It rose to $837, while Ethereum rose 9.72 percent to $2,662.