The U.S. based Bitcoin ETFs saw an inflow of $105.84 million on September 25, bringing the three-day bullish trend to the fore.
The inflow follows a $136m transfer on September 24th and $4.5m on September 23rd. This meant that the net inflow for the U.S. Bitcoin ETFs had risen to $17.94 billion at the end of that day.
The largest institutional investor in Bitcoin, BlackRock’s iShares Bitcoin Trust (IBIT), bought an additional 2,913 Bitcoins for $184.38 million on September 25th.
IBIT has seen three days of positive flow, with transfers of $98.9 million on September 24th and $11.5 million on September 23rd.
These numbers cement IBIT’s position as the largest Bitcoin ETF on the market, with 359,278 Bitcoins under its management.
Another product that reported inflows was the Bitwise Bitcoin ETF (BITB), which saw $2.07 million in inflows on September 25th, compared to $17.4 million on the previous day.
Other major funds, such as ARKB offered by Ark and 21Shares and Fidelity’s FBTC, also witnessed net redemption. Outflows reached $47.4 million at Fidelity, while Ark & 21Shares had net redemptions of $33.2 million.
BlackRock Leads Bitcoin ETF Market with Strong Inflows
BlackRock also remained the leader of the Bitcoin ETF market, with inflows recorded for the third day in a row. Its IBIT fund purchased $184.38M worth of Bitcoin on September 25th alone.
These inflows come after the company raised $98.9 million and $11.5 million in the past two days, respectively, proving investors’ constant confidence.
IBIT held the largest Bitcoin ETF in the U.S., with 359,278 Bitcoins in its custody. The data show the fund’s total net asset value since its listing now equals $21.22 billion. This is a positive sign that the trend for Bitcoin ETFs may increase as more investors seek access to the cryptocurrency market.
Other funds, though, delivered volatile performance. The trading in Bitwise’s Bitcoin ETF BITB was positive but slower than in previous days, while most other ETFs had no trades or saw outflows. Grayscale’s BTC and VanEck’s HODL recorded no inflows on September 25th.
Fidelity and Ark See Significant Bitcoin Outflows
While BlackRock’s IBIT kept rising, other Bitcoin ETFs were in the red and green zones. Bitwise’s BITB ETF saw $2.07 million in new inflows, significantly less than the $17.4 million seen on September 24th.
Nevertheless, large ETFs such as ARKB by Ark & 21Shares and FBTC by Fidelity witnessed a massive trend reversal in the red direction.
Fidelity’s FBTC fund witnessed the largest outflow of any Bitcoin ETF on September 25, with $47.4 million in net outflows.
There was more loss for some key players as Ark & 21Shares suffered outflows of $33.2 million. Other funds, including Grayscale’s BTC, Valkyrie’s BRRR, and VanEck’s HODL, had no flow.
The market was similar over the last two days as well. No inflows were noted for most ETFs, including Grayscale’s BTC and VanEck’s HODL.
Among the Bitcoin ETFs that had inflows, some delivered mixed results, with BlackRock leading the charge.
Ethereum ETFs Surge with $43 Million Inflows
The U.S.-based spot Ethereum ETFs surged on September 25th, with net investment inflows at $43.23 million.
BlackRock continues to dominate the Bitcoin and Ethereum ETF markets, with its Ethereum ETF (ETHA) attracting the most new investments at $9.38 million. Other significant Ethereum ETFs also had a good time, with Grayscale’s ETH seeing inflows of $26.63 million.
Fidelity’s FETH and 21Shares’ CETH also saw inflows, with FETH seeing $6.45 million and CETH seeing $774.10 thousand.
However, other Ethereum-linked ETFs, including VanEck’s ETHV and Bitwise’s ETHW, recorded no inflows in the same period. The positive sentiment in Ethereum ETFs indicates increasing investment interest in cryptocurrency other than Bitcoin.
