**Bitcoin ETFs See Record Inflows Amid Market Rally**
This week, U.S. spot Bitcoin ETFs saw a massive influx, pulling in over $1.1 billion—the highest since mid-July. On September 27 alone, inflows hit $494.4 million, marking the best day since early June. This surge followed a strong $366 million inflow on September 26.
Leading the pack were BlackRock’s iShares Bitcoin Trust, ARK 21Shares Bitcoin ETF, and Fidelity® Wise Origin® Bitcoin Fund, with inflows of $499 million, $289.5 million, and $206.1 million, respectively. Other notable ETFs, including Invesco & Galaxy and VanEck, saw smaller but significant gains.
Since their inception, these ETFs have amassed a combined $18.8 billion. The recent spike follows the Federal Reserve’s interest rate cut on September 18, which has driven Bitcoin up 13.8% to $65,800. Bitcoin is now just 10.8% shy of its all-time high of $73,738.
As we approach Q4, historically a strong period for Bitcoin, market watchers are optimistic. Meanwhile, U.S. spot Ether ETFs also had a notable week, with $85 million in inflows, the highest since early August. Despite some outflows from the Grayscale Ethereum Trust, Ether ETFs have accumulated over $1.1 billion since late July.