Spot Bitcoin exchange-traded funds (ETFs) in the United States saw their biggest daily inflow in more than two months as the asset broke above $65,000 in late trading on Sept. 26.
The total aggregate inflows for the 11 spot Bitcoin ETFs in the US hit $365.7 million on Sept. 26, according to preliminary data from Farside Investors.
The bumper ETF inflows were the largest since July 22, when there were inflows of $486 million. It also marked a sixth consecutive trading day of inflows for institutional investment products.
The ARK 21Shares Bitcoin ETF led with an inflow of $113.8 million, followed by BlackRock iShares Bitcoin Trust with $93.4 million.
BlackRock just had its largest inflow day for a month on Wednesday, Sept. 25, with $184.4 million.
The Fidelity Wise Origin Bitcoin Fund saw inflows of $74 million, the Bitwise Bitcoin ETF had $50.4 million and the VanEck Bitcoin ETF saw $22.1 million in inflows for the day.
Meanwhile, there were minor inflows for the Invesco, Franklin and Valkyrie ETFs, which had $6.5 million, $5.7 million and $4.6 million, respectively.
The Grayscale Bitcoin Trust was the only outflow, which bled $7.7 million, bringing the total outflow to $20.1 billion since it converted to a spot ETF in January.
Spot Bitcoin ETF flows. Source: Farside Investors
The latest injection of capital brings the aggregate inflow since inception for all 11 spot ETFs combined to $18.3 billion.
ETF Store president Nate Geraci commented on the bumper inflow in a post on X on Sept. 27, observing:
“For context, out of 500 ETFs launched in 2024, less than 25 have taken this amount in for the *entire year*.”
On Sept. 25, Bloomberg ETF analyst Eric Balchunas commented that spot Bitcoin (BTC) ETFs are “92% of the way to owning 1 million Bitcoin and 83% of the way to passing Satoshi as the top holder.”
BTC spot prices have gained almost 13% over the past two weeks in the wake of the Fed interest rate cut.
Related: ‘Sustained’ Bitcoin ETF inflows may ‘buoy’ price despite slowing spot buying
However, spot Ethereum ETFs are lacking the same momentum as nine funds registered an outflow of $100,000 on Sept. 26, according to Farside Investors.
The outflow came despite BlackRock and Fidelity both seeing more than $15 million in inflows for their respective spot Ether funds. Grayscale’s high-fee Ethereum Trust continues to hemorrhage assets, losing a further $36 million on Thursday.
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