Spot Bitcoin ETFs accumulate $390.7m over four days, Ethereum ETFs see rebound

While spot Bitcoin exchange-traded funds in the US saw a significant jump in net inflows on September 24, spot Ether ETFs reversed direction and returned to net positive flows.

Data from SoSoValue shows that 12 spot Bitcoin ETFs recorded net inflows of $135.95 million on the day, marking the fourth consecutive day of positive inflows. During this time, the funds accumulated more than $390.7 million.

BlackRock’s IBIT, the largest Bitcoin ETF, led the inflows with $98.9 million, marking the second consecutive year of positive inflows, bringing its total net inflows to $21.03 billion to date.

BItwise’s BITB and Fidelity’s FBTC infused $17.4 million and $16.8 million respectively, while the Grayscale Bitcoin Mini Trust attracted $2.9 million.

The remaining eight BTC ETFs, including Grayscale’s GBTC, remained neutral on the day.

The total trading volume of the 12 BTC ETFs skyrocketed to $1.11 billion on Sept. 24, up from $949.72 million seen the previous day. Since launch, these funds have recorded cumulative total net inflows of $17.83 billion. Bitcoin (BTC) is up 1.6% over the past day, trading at $64,196 at press time.

Meanwhile, nine US-based Spot Ethereum ETFs recorded net inflows of $62.5 million on September 24, a change from the net negative flows seen the previous day. The majority of the inflows went to BlackRock’s ETHA, which saw $59.3 million added to the fund.

VanEck’s ETHV and Invesco’s QETH also saw modest inflows of $1.9 million and $1.3 million respectively. The remaining ETH ETFs saw no trading activity on the day.

Trading volumes for these investment vehicles increased on September 24, jumping from $167.35 million the previous day to $180.42 million. Spot Ether ETFs saw a cumulative total net outflow of $624.17 million. At press time, Ethereum (ETH) was changing hands at $2,623.