Thomas

Bitcoin

Spot

Billion

The eleven spot Bitcoin ETFs in the United States have collectively surpassed $20 billion in inflows this week.&nbsp;Thursday’s big inflow added to that total flow figure, which was $20.73 billion, according to Farside Investors. 
Bloomberg’s senior <a href="https://cryptopotato.com/almost-half-of-investors-plan-to-invest-in-crypto-etfs-charles-schwab/" data-wpel-link="internal">ETF</a> analyst Eric Balchunas said that this was the most important number because it is the “most difficult metric to grow in the ETF world.”&nbsp;For context, it took gold ETFs about five years to reach the same number, he added. 
<blockquote class="twitter-tweet"> 
 Bitcoin ETFs have crossed $20b in total net flows (the most imp number, most difficult metric to grow in ETF world) for first time after huge week of $1.5b. For context, it took gold ETFs about 5yrs to reach same number. Total assets now $65b, also a high water mark. <a href="https://t.co/edldEimfqd" data-wpel-link="external" target="_blank">pic.twitter.com/edldEimfqd</a> 
 — Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1846885254356770924?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">October 17, 2024</a>
</blockquote> 
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<h2 id="bitcoin-etf-flows">Bitcoin ETF Flows</h2> 
October 17 saw an aggregate net <a href="https://cryptopotato.com/bitcoin-etfs-inflows-skyrocket-to-4-month-high-as-total-aum-taps-massive-milestone/" data-wpel-link="internal">inflow</a> of $470.5 million for the eleven funds, marking the fifth consecutive trading day in the green. This means that they have accumulated a whopping $1.85 billion this week alone, without counting Friday’s flows. 
ETF Store President Nate Geraci <a href="https://x.com/NateGeraci/status/1847086097970720883" target="_blank" rel="noopener" data-wpel-link="external">observed</a> that more than $2 billion has now flowed into spot Bitcoin ETFs over the past five trading days. 
<blockquote>
 “That’s about what physical gold ETFs have taken in over the past year,” he exclaimed.
</blockquote> 
US spot Bitcoin ETFs have now accumulated more than 950,000 BTC, which is almost as much as the creator, Satoshi Nakamoto, who has stashed across various wallets. 
<a href="https://cryptopotato.com/blackrocks-spot-bitcoin-etf-records-largest-inflow-since-july-with-393-4m/" data-wpel-link="internal">BlackRock’s</a> iShares Bitcoin Trust (IBIT) was the leader of the pack, with an inflow of $309 million. This brings the total flow figure for the product to $22.7 billion. 
The Ark 21Shares (ARKB) fund was the second highest for the day, with an inflow of $100.2 million. Even Grayscale’s higher fee GBTC fund saw an inflow of $45.7 million. 
However, its net flows are negative $20 billion, which has brought the total down to around half of what it may have been. 
<blockquote class="twitter-tweet"> 
 ETFs Buy 7032 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">#Bitcoin</a> Today 
 That’s 31,600 BTC over the last week. 
 Over $2 Billion in flows 
 The wave is building <a href="https://t.co/vG5a08kqh5" data-wpel-link="external" target="_blank">pic.twitter.com/vG5a08kqh5</a> 
 — Thomas | heyapollo.com (@thomas_fahrer) <a href="https://twitter.com/thomas_fahrer/status/1847113164670074940?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">October 18, 2024</a>
</blockquote> 
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<h2 id="eth-etfs-are-back">ETH ETFs Are Back</h2> 
Spot Ethereum ETFs have not had the same appeal, however, Oct. 17 saw the largest inflow since late September for the nine funds. 
A total net inflow of $48.4 million was <a href="https://farside.co.uk/eth/" target="_blank" rel="noopener" data-wpel-link="external">reported</a> by Farside Investors. Fidelity’s Ethereum ETF (FETH) led the pack with an inflow of $31.1 million, bringing its total to almost $500 million. BlackRock’s iShares Ethereum Trust (ETHA) was second with an inflow of $23.6 million, bringing the total inflow to $1.26 billion. 
Grayscale’s Ethereum Trust (ETHE) continues to bleed with an outflow of $15.7 million and a total loss of $3 billion since it was converted to a spot ETF.&nbsp;The product is dragging down the rest resulting in a total flow figure for all Ethereum funds being an outflow of $469 million. 
The post <a href="https://cryptopotato.com/bitcoin-etfs-top-20b-in-inflows-with-1-8b-added-this-week/" rel="nofollow">Bitcoin ETFs Top $20B in Inflows, With $1.8B Added This Week</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

Bitcoin ETFs Top $20B in Inflows, With $1.8B Added This Week

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