Spot Bitcoin exchange-traded funds (ETFs) in the United States experienced their largest daily inflow in over two months as the asset surpassed $65,000 in late trading on Sept. 26.
The total aggregate inflow for the eleven spot Bitcoin ETFs in the U.S. reached $365.7 million on that day, according to preliminary data from Farside Investors.
This substantial ETF inflow is the highest since July 22, when there was an inflow of $486 million. It also marks the sixth consecutive trading day of inflows for these institutional investment products.
The ARK 21Shares Bitcoin ETF (ARKB) led the charge with an inflow of $113.8 million, closely followed by the BlackRock iShares Bitcoin Trust (IBIT) with $93.4 million.
On Sept. 25, BlackRock recorded its largest inflow day in a month, totaling $184.4 million.
The Fidelity Wise Origin Bitcoin Fund (FBTC) attracted inflows of $74 million, while the Bitwise Bitcoin ETF (BITB) saw $50.4 million in inflows. The VanEck Bitcoin ETF (HODL) recorded $22.1 million for the day.
Meanwhile, minor inflows were noted for the Invesco, Franklin, and Valkyrie ETFs, which had inflows of $6.5 million, $5.7 million, and $4.6 million, respectively.
The Grayscale Bitcoin Trust (GBTC) was the only fund to see outflows, losing $7.7 million, which brings its total outflow to $20.1 billion since converting to a spot ETF in January.
The latest capital injection increases the aggregate inflow since inception for all eleven spot ETFs to $18.3 billion.
ETF Store President Nate Geraci commented on the significant inflow in a post on X on Sept. 27, stating, “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 noted that spot Bitcoin ETFs are “92% of the way to owning 1 million Bitcoin and 83% of the way to passing Satoshi as the top holder.”
Spot prices for Bitcoin have gained nearly 13% over the past fortnight following the Fed’s interest rate cut.
In contrast, spot Ethereum ETFs have not seen the same momentum, with nine funds registering an outflow of $100,000 on Sept. 26, despite BlackRock and Fidelity receiving more than $15 million in inflows for their respective spot Ether funds. Grayscale’s high-fee Ethereum Trust (ETHE) continues to lose assets, shedding an additional $36 million on Thursday.