U.S. Spot Bitcoin ETFs Record $365M Inflows, Extending Six-Day Winning Streak

U.S. Spot Bitcoin ETFs Record $365M Inflows, Extending Six-Day Winning Streak
U.S. Spot Bitcoin ETFs Record $365M Inflows, Extending Six-Day Winning Streak

U.S. spot Bitcoin exchange-traded funds (ETFs) saw a massive influx of $365.57 million on Thursday, marking the largest daily net inflow since late July and continuing a six-day positive trend, according to data from Sosolvalue.

ARKB Leads Inflows, BlackRock’s IBIT and Fidelity Follow

The ARKB ETF, co-managed by Ark Invest and 21Shares, led Thursday’s inflows with $113.82 million. BlackRock’s IBIT, the largest spot Bitcoin ETF by assets, closely followed with $93.38 million. Fidelity’s FBTC also performed well, securing $74 million in inflows. Bitwise’s BITB attracted $50.38 million, while VanEck’s HODL ETF added $22.10 million.

Smaller net inflows were also reported by ETFs from Valkyrie, Invesco, Franklin Templeton, and Grayscale’s Bitcoin Mini Trust. However, Grayscale’s flagship GBTC fund saw a net outflow of $7.73 million, the only ETF in the sector to report a decline.

Despite this, the overall performance of spot Bitcoin ETFs remained strong, with cumulative trade volume across the 12 funds reaching $2.43 billion—the highest level since August 23. Total cumulative inflows into U.S. spot Bitcoin ETFs have now reached $18.31 billion since their launch.

Global Market Sentiment Boosts Bitcoin

The surge in Bitcoin ETF inflows is occurring alongside broader bullish sentiment in global risk markets. According to Augustine Fan, Head of Insights at SOFA.org, U.S. equities hit new all-time highs for the third consecutive day, driven by stimulus measures in China aimed at reviving its economy. Fan noted that this synchronized global economic easing is reminiscent of the easy-money era of quantitative easing (QE), further boosting risk assets like Bitcoin.

Ethereum ETFs See Net Outflows

While Bitcoin ETFs soared, Ethereum ETFs struggled. The sector recorded a net outflow of approximately $675,450 on Thursday, despite gains across several funds. Grayscale’s ETHE saw the largest outflow, losing $36 million. On the other hand, Fidelity’s FETH and BlackRock’s ETHA posted inflows of $15.92 million and $14.85 million, respectively. Smaller inflows were also reported by Invesco’s QETH and other funds from Bitwise, VanEck, and 21Shares.

Trade volume for the nine Ether ETFs more than doubled from Wednesday’s $124.18 million, reaching $257.40 million on Thursday. However, the sector has faced cumulative net outflows of $581.61 million since their launch in July.

Bitcoin and Ethereum Prices Surge

In the broader cryptocurrency market, Bitcoin surged 2.9% over the past 24 hours, reaching $65,330.96—its highest price since late July. Ether followed with a 1.8% increase, bringing its price to $2,648.

Fan believes this rally could have more longevity compared to previous ones, noting that investor sentiment has shifted to a “buy the dip” mentality. “With no significant downside catalysts in sight, the risk-reward balance seems to favor a continued rally,” he added.

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