TL;DR
- Bitcoin spot ETFs in the U.S. recorded a net inflow of $365.57 million on September 26.
- BlackRock and Ark Invest led the flows with $93.4 million and $113.8 million, respectively.
- Grayscale was the only fund with net outflows, totaling $7.73 million during the session.
Spot Bitcoin Exchange Traded Funds (ETFs) in the United States continue to attract significant interest, with six consecutive days of positive net inflows.
September 26 was a particularly notable day, with $365.57 million in inflows, the highest amount recorded since July, according to data from Farside.
The main drivers of these flows were BlackRock and Ark Invest.
BlackRock’s IBIT fund posted an inflow of $93.4 million, while Ark Invest’s ARKB added $113.8 million.
This trend shows growing investor appetite for these financial vehicles, reflecting a renewed confidence in the cryptocurrency market.
Other ETFs, such as Fidelity’s FBTC and Bitwise’s BITB, also posted significant positive flows, with inflows of $74 million and $50.4 million, respectively.
These funds have benefitted from the growing optimism around risk markets, supported by global economic stimulus, prompting investors to seek riskier assets like Bitcoin.
In total, since their launch, U.S. spot Bitcoin (BTC) ETFs have accumulated $18.31 billion in net inflows, cementing their place as an attractive option for those seeking exposure to this asset class.
However, not all funds benefited from this positive trend.
Grayscale’s GBTC, historically one of the earliest Bitcoin investment vehicles, continued to post net outflows, with $7.73 million on September 26.
Despite these results, the total volume traded among the 12 Bitcoin ETFs was $2.43 billion, the highest since August 23.
Optimism in Bitcoin and Markets
The surge in inflows into Bitcoin ETFs reflects growing optimism in global markets.
According to analysts, the recent recovery in U.S. equities and massive stimulus in China are helping to foster a favorable environment for risk assets.
Additionally, the price of Bitcoin rose 2.9% in the last 24 hours, reaching $65,330.96, its highest level since July.
This increase strengthens the perception that the asset may have more upward potential, while volatility seems to be decreasing.
The “buy the dip” mentality appears to have gained traction among investors, suggesting that, at least in the short term, flows into Bitcoin ETFs will continue to be positive.
This behavior may also be influenced by expectations of a looser monetary policy in major global markets.
On the other hand, Ethereum ETFs have not fared as well.
While some funds saw small inflows, such as Fidelity’s FETH with $15.92 million and BlackRock’s ETHA with $14.85 million, overall, the ether market posted net outflows again. Grayscale’s ETHE, for example, lost $36 million during the session.
The cryptocurrency ETF market continues to show significant divergence, with Bitcoin consistently regaining ground, while Ethereum struggles to maintain positive flows.
