Spot Bitcoin ETFs log massive $365.7m inflows led by ARK 21Shares’ ARKB

Spot Bitcoin exchange-traded funds in the US witnessed the highest net inflow in two months on September 26, led by ARK 21Shares’ ARKB, which gained $113.8 million.

According to SoSoValue data, 12 spot Bitcoin ETFs saw net inflows of $287.8 million yesterday, continuing their six-day bullish momentum. This amount of outflow has not been seen since July 22.

BlackRock’s IBIT, the largest Bitcoin ETF, attracted $93.4 million in inflows, marking its fourth straight day of inflows and bringing its total net inflow to over $21.3 billion.

Additionally, Fidelity’s FBTC, Bitwise’s BITB, and VanEck’s HODL ETFs also recorded inflows of $74 million, $50.4 million, and $22.1 million, per SoSoValue. BTCO, EZBC, BRRR, and Grayscale Bitcoin Mini Trust funds joined the bullish momentum with inflows of $6.5 million, $5.7 million, $4.6 million, and $2.9 million, respectively.

Grayscale’s GBTC was the only Bitcoin ETF to record an outflow on the day, with $7.7 million outflow from the fund. Their total outflow since launch day has exceeded $20.1 billion.

The remaining spot BTC ETFs remained neutral throughout the day.

The total trading volume of the 12 BTC ETFs tripled to $2.43 billion on September 26 compared to the previous day. Since launch, these funds have recorded cumulative total net inflows of $18.31 billion. Bitcoin (BTC) increased by 2.7% last day and was traded at $65,323 at the time of writing.

Meanwhile, Spot Ethereum ETFs entered a bearish trend, recording a net outflow of $675.45K on September 26, ending a two-day inflow streak. All of the outflows came from Grayscale ETHE, which allocated $36 million from the fund.

Most of these outflows were offset by BlackRock’s ETHA and Fidelity’s FETH, which recorded inflows of $15.3 million and $15.9 million, respectively. QETH, ETHW, ETHV and CETH achieved more modest inflows of $2 million, $951 thousand, $971 thousand and $663 thousand respectively.

The transaction volume of these investment instruments increased from 124 million dollars the previous day to 257.4 million dollars on September 26. Spot Ether ETFs experienced a total net outflow of $581.61 million. At the time of publication, Ethereum (ETH) was changing hands at $2,652.