Bitcoin ETF

Bitcoin

After experiencing a <a href="https://thecoinrise.com/spot-bitcoin-etfs-see-largest-outflows-streak-since-launch/">streak of continuous outflows</a>, U.S. spot Bitcoin ETFs made a comeback, <a href="https://sosovalue.xyz/assets/etf/us-btc-spot">recording</a> daily net inflows of $39.02 million on Thursday. Notably, this positive momentum follows weeks of declining investor sentiment and declining BTC prices. 
<h2 id="span-style-font-weight-400-contribution-by-span-span-style-font-weight-400-individual-bitcoin-etfs-span">Contribution by Individual Bitcoin ETFs</h2> 
The bulk of Thursday’s inflows were driven by Ark Invest and 21Shares’ ARKB fund, which attracted $18.34 million in net capital. Fidelity’s FBTC fund followed with $11.47 million, while Grayscale’s Bitcoin Mini Trust pulled in $5.18 million. VanEck’s HODL and Franklin Templeton’s Bitcoin fund also saw positive inflows of $4.95 million and $3.38 million, respectively. Meanwhile, Bitwise’s BITB fund recorded smaller but still noteworthy inflows of $2.22 million. 
However, not all funds were shared in the windfall. Grayscale’s GBTC fund was the only Bitcoin ETF to record outflows, with a net loss of $6.51 million. Interestingly, BlackRock’s IBIT fund, the largest spot Bitcoin ETF by net assets, remained inactive on Thursday, reporting zero inflows. The IBIT fund has seen no net inflows since August 27, suggesting a potential pause in investor activity. 
<h3 id="span-style-font-weight-400-lower-trading-volume-span">Lower Trading Volume&nbsp;</h3> 
In terms of trading volume, the 12 Bitcoin ETFs collectively reported $896.92 million in transactions on Thursday, a major drop from the previous day’s $1.27 billion. While Thursday’s inflows marked a positive shift, the lower trading volume may indicate continued caution among investors. 
Overall, spot Bitcoin ETFs have now accumulated $17.03 billion in net inflows since launching in January. As Bitcoin prices hover around the $58,000 mark, the market appears to be stabilizing, <a href="https://thecoinrise.com/spot-bitcoin-etfs-break-8-day-outflow-trend-with-117m-inflow/">recovering from last week’s sharp drop</a>.&nbsp; 
<h2 id="span-style-font-weight-400-the-story-of-ether-etfs-span">The Story of Ether ETFs</h2> 
Despite the broader recovery in inflows, the spot <a href="https://sosovalue.xyz/assets/etf/us-eth-spot">Ethereum ETFs</a> did not fare as well. Grayscale’s Ether ETF (ETHE) saw $20.14 million in net outflows on Thursday, marking its second consecutive day of negative movement. None of the other eight Ether-focused funds reported any significant flows, suggesting that investors may be more hesitant about Ethereum’s near-term prospects. 
Investors are now closely watching the upcoming Federal Open Market Committee (FOMC) meeting, where a potential interest rate cut is anticipated. The outcome of this meeting could further influence the Ethereum and Bitcoin ETFs’ movement in the coming weeks. 
The post <a href="https://thecoinrise.com/bitcoin-etfs-see-39m-inflows-led-by-arkb-and-fbtc/">Bitcoin ETFs See $39M Inflows, Led by ARKB and FBTC</a> appeared first on <a href="https://thecoinrise.com/">TheCoinrise.com</a>.

Bitcoin ETFs See $39M Inflows, Led by ARKB and FBTC

Table of Contents

TheCoinrise Media

Other articles published on Sep 13, 2024

Mint Blockchain Developer Mainnet is Live Now

US SEC Intensifies Crackdown on These Crypto, Price Dip Ahead?

Worldcoin Price Prediction As OpenAI Releases o1

5 Things To Expect from Bitcoin Price Based on Historical Trends

The Unmatched Roles of Blockchain Nodes: A Comprehensive Guide for Serious Investors

New Solana Memecoin Pepe Rektember Skyrockets Over 600% and Will Surge 15,000% Ahead of Exchange ...

Join our free newsletter for daily crypto updates!