YEREVAN (CoinChapter.com) — United States Bitcoin ETFs saw substantial inflows, with more than $1.1 billion invested between Sep. 23 and 27. This period marks the highest inflow since mid-July, driven by increased investor interest. On Sep. 27 alone, ETFs received $494.4 million, setting a record for the most funds gathered in one day since early June.
Top Bitcoin is Funds Lead in Attracting Investments
The iShares Bitcoin Trust by BlackRock topped the list with an inflow of $499 million. Not far behind, the ARK 21Shares Bitcoin ETF and the Fidelity Wise Origin Bitcoin Fund followed with $289.5 million and $206.1 million, respectively. Other funds such as Invesco and Galaxy, Franklin Templeton, Valkyrie, and VanEck also attracted investments, though these were considerably lower, ranging from $5.7 million to $33.3 million.
Overall Growth of Bitcoin ETFs in 2024
Since their launch in January, the 11 active spot Bitcoin ETFs have amassed $18.8 billion. Following the U.S. Federal Reserve’s interest rate cut on Sep. 18, Bitcoin’s price surged by 13.8%, reaching $65,800, according to CoinGecko.
Historical data from CoinGlass indicates that Bitcoin has traditionally performed well in the fourth quarter, registering significant gains in five out of the last nine years.
Spotlight on U.S. Ether ETFs
In addition to Bitcoin, U.S. spot Ether ETFs also reported substantial activity, with $85 million in inflows this week—the largest since the first week of August. Since their introduction on July 23, these Ether-based funds have seen total inflows exceeding $1.1 billion despite facing $2.9 billion in outflows from the Grayscale Ethereum Trust.
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