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Bitcoin ETF Inflow Continues to Surge With Nearly $400M in the Past Week

Key Points:

U.S. Bitcoin ETF inflow recorded $92 million in this week, with the Ark 21Shares Bitcoin ETF and Fidelity Wise Origin Bitcoin Fund leading the gains.
All Bitcoin ETFs experienced inflows except Grayscale’s GBTC, which has seen reduced outflows, while BlackRock’s IBIT ETF struggled with trading activity.

According to data from Farside Investors, U.S. Bitcoin ETFs have kept on gaining momentum as flows added up to $92 million until September 20.

Bitcoin ETF Inflow Surges with Nearly $400 Million

The biggest Bitcoin ETF inflows of the week came from the Ark 21Shares Bitcoin ETF, which attracted $22 million, and Fidelity Wise Origin Bitcoin Fund, at $26.1 million. Other notable Bitcoin ETF inflows were Bitwise’s BITB ETF at $15.1 million, while Grayscale’s BTC Mini-Trust and VanEck’s HODL saw inflows of $13.4 million and $7.1 million, respectively.

All of the 11 Bitcoin ETFs, on the other hand, saw inflows or stood still this week, whereas, on the contrary, Grayscale’s GBTC, which has seen outflows slow down a bit of late, saw some more. The competitive fee structure for the BTC Mini-Trust does appear to be helping retain investor interest.

That compares with BlackRock’s IBIT ETF, which has seen significantly diminished trading activity, with just $15.8 million flowing into it on September 16, after a week of no action. Since late August, minimal trading has gone into IBIT with only a few scattered inflows and outflows.

Bitcoin Price Bounces as Ethereum ETFs Encounter Outflows

All in all, Bitcoin ETFs wrapped the week at net inflows of $397.2 million, relatively well aligned with the $403.9 million a week earlier. The leading cryptocurrency was trading at $62,800 at the time of writing, having gained from a recent low of well under $53,000. It’s up 7.5% on the week and 3.21% on the month.

In contrast, Ethereum ETFs saw the week close with outflows totalling $26.2 million. Though still in the red, the downtrend and partial recoveries of prices mean Ethereum ETFs may be in a bottoming phase, thus perhaps stabilizing and recovering soon.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.