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Bitcoin ETFs see $92 million inflow with only single net outflow in past 7 days

by SB Crypto Guru News
September 23, 2024
in Crypto Exchanges
Reading Time: 2 mins read
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On Sept. 20, Bitcoin ETFs saw a total inflow of $92 million, reflecting broad-based interest across multiple funds, according to Farside data.. Fidelity’s FBTC led the market with $26.1 million in inflows, followed by Ark’s ARKB ETF with $22 million. Bitwise’s BITB ETF recorded $15.1 million, while Valkyrie’s BRRR and VanEck’s HODL ETFs added $5.2 million and $7.1 million, respectively. Invesco’s BTCO also contributed with $3.1 million in inflows, and Grayscale’s smaller BTC ETF saw $13.4 million.

No significant activity was noted from BlackRock’s IBIT, Franklin’s EZBC, WisdomTree’s BTCW, or Grayscale’s primary GBTC fund, which remained flat for the day.

BTC ETF flows (Farside Investors)
BTC ETF flows (Farside Investors)

Ethereum ETFs, in contrast, were largely inactive, with a total inflow of only $2.9 million, entirely attributed to Grayscale’s mini Ethereum ETF, ETH. All other Ethereum ETFs, including those from BlackRock, Fidelity, Bitwise, 21Shares, VanEck, Invesco, Franklin, and Grayscale’s larger ETHE, recorded no inflows or outflows.

The marked difference in activity between Bitcoin and Ethereum ETFs highlights a focused institutional interest in Bitcoin exposure, while Ethereum ETFs saw limited engagement.

ETH ETF flows (Farside Investors)ETH ETF flows (Farside Investors)
ETH ETF flows (Farside Investors)

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.



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