U.S. bitcoin funds raised more than $1.1 billion this week, the largest inflows since July 15-19.
including $494.4 million on Sept. 27, the largest inflow since June 4, according to data from 4 Farside Investors. That came one day after inflows into #bitcoin ETFs reached $366 million on Sept. 26.
#BlackRock iShares Bitcoin Trust led weekly flows with $499 million, ARK 21Shares Bitcoin #ETF with $289.5 million and FidelityÂź Wise OriginsÂź Bitcoin Fund with $206.1 million.
The Invesco and Galaxy, Franklin Templeton, Valkyrie and VanEck Bitcoin Funds saw inflows of $5.7 million to $33.3 million, while the Wisdom Tree Bitcoin Fund saw no inflows for the week.
As a result of the inflows, the cumulative inflows since the inception of all 11 spot ETFs totaled $18.8 billion.
Since then, bitcoin has risen 13.8 percent to $65,800, according to data from CoinGecko.
the cryptocurrency is now 10.8 percent away from the all-time high of $73,738 it reached in March '14.
There are two days left until October, the quarter in which bitcoin has risen more than 50% in five of the last nine years, and the fourth quarter of 2024, according to Coinglass data.
This week, ETFs saw $85 million in inflows, the most in the week of Aug. 5-9.
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