US Spot Bitcoin ETFs Sustain Strong Inflow Streak, Hitting $365 Million
U.S. spot Bitcoin exchange-traded funds (ETFs) experienced substantial net inflows on Thursday, totaling $365.57 million, marking the largest daily inflow since late July.
This increase extends a positive trend that has now lasted for six consecutive days, according to data from SoSoValue.
The inflows were predominantly driven by Ark Invest and 21Shares, which saw inflows of $113.82 million. BlackRockâs IBIT, the largest spot Bitcoin ETF by net assets, followed closely with $93.38 million in net inflows.
Fidelityâs FBTC also contributed with $74 million, while Bitwiseâs BITB reported $50.38 million. Additional inflows were observed in VanEckâs HODL with $22.10 million, and smaller amounts were recorded across various funds from Valkyrie, Invesco, Franklin Templeton, and Grayscaleâs Bitcoin Mini Trust. Notably, Grayscaleâs GBTC was the only fund to experience net outflows, losing $7.73 million.
Total trade volume among the twelve funds reached $2.43 billion, the highest since August 23, bringing cumulative net inflows in spot Bitcoin ETFs since their inception to $18.31 billion.
In contrast, spot Ethereum ETFs faced net outflows, with Grayscaleâs ETHE reporting a loss of $36 million.
Despite some funds experiencing inflows, including Fidelityâs FETH and BlackRockâs ETHA, the overall trend was negative, contributing to a total net outflow of $581.61 million since their launch in July.