Bitcoin ETFs record nearly $500m inflows over five days, Ether ETFs continue positive streak

In the US, spot Bitcoin ETFs recorded net inflows for the fifth day in a row, while spot Ether ETFs recorded inflows for the second day in a row.

Data from SoSoValue shows that 12 spot Bitcoin ETFs recorded net inflows of $105.84 million on September 25, marking the fifth consecutive day of positive inflows. During this time, the funds accumulated more than $496.56 million.

BlackRock’s IBIT, the largest Bitcoin ETF, led the inflows for the second day in a row, with $98.9 million flowing into the fund, bringing total net inflows to $21.2 billion. BItwise’s BITB attracted $2.1 million.

These inflows were partially offset by Fidelity’s FBTC and ARK 21Shares’ ARKB, which saw outflows of $33.2 million and $47.4 million, respectively. The remaining eight BTC ETFs, including Grayscale’s GBTC, were neutral on the day.

Since GBTC was converted to an ETF, investors have withdrawn more than $20.1 billion from the fund, although significant outflows following the conversion have tapered off in recent weeks.

The total trading volume of the 12 BTC ETFs fell to $795.85 million on September 25, down from the $1.11 billion seen the previous day. Since launch, these funds have recorded cumulative total net inflows of $17.94 billion. Bitcoin (BTC) was trading at $63,675 at press time.

Nine U.S.-based Spot Ethereum ETFs recorded net inflows of $43.23 million on Sept. 25, continuing the positive performance seen the previous day. The majority of the inflows went to the Grayscale Bitcoin Mini Trust, which added $26.6 million to the fund.

BlackRock’s ETHA and Fidelity’s FETH followed with inflows of $9.4 million and $6.4 million respectively. 21Shares CETH also saw a more modest inflow of $774.1k. The remaining ETH ETFs saw no trading activity during the day.

Trading volume for these investment vehicles fell from $180.42 million the day before to $124 million on Sept. 25. Spot Ether ETFs saw cumulative total net outflows of $580.94 million. At press time, Ethereum (ETH) was changing hands at $2,613.