US Bitcoin ETFs raked in $1.1B this week, most since mid-July

The United States spot Bitcoin exchange-traded costs raked successful much than $1.1 cardinal this week, making it nan largest seven days of inflows since July 15-19.

It included $494.4 cardinal connected Sept. 27 — nan best-performing time since June. 4, according to Farside Investors. It came 1 time aft nan spot Bitcoin ETFs tallied $366 million connected Sept. 26.

Weekly flows were led by BlackRock’s iShares Bitcoin Trust, ARK 21Shares Bitcoin ETF and nan Fidelity® Wise Origin® Bitcoin Fund astatine $499 million, $289.5 cardinal and $206.1 million, respectively.

The Invesco & Galaxy, Franklin Templeton, Valkyrie and VanEck Bitcoin products saw inflows betwixt $5.7 cardinal and $33.3 million, during nan WisdomTree Bitcoin Fund didn’t grounds an inflow during nan week.

US spot Bitcoin ETF flows betwixt Sept. 23-27. Source: Farside Investors

The latest inflows bring nan aggregate inflow since inception for each 11 spot ETFs mixed to $18.8 billion. 

The emergence successful spot Bitcoin ETF flows comes successful awaken of nan Federal Reserve’s liking complaint cut connected Sept. 18. 

There are now 2 days till October and 2024’s 4th fourth — a 4th successful that Bitcoin has recorded a 50% aliases higher summation successful complete 5 of nan past 9 years, CoinGlass data shows.

Related: ‘Sustained’ Bitcoin ETF inflows whitethorn ‘buoy’ value contempt slowing spot buying

Meanwhile, nan US spot Ether (ETH) ETFs recorded $85 cardinal successful inflows this week, making it nan biggest seven days since Aug. 5-9.

The Ethereum products person taken successful a small much than $1.1 cardinal — astatine that long factoring successful nan $2.9 cardinal successful outflows from nan Grayscale Ethereum Trust — since launching connected July. 23.

US spot Ether ETF flows betwixt Sept. 23-27. Source: Farside Investors

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