Spot Bitcoin exchange-traded funds (ETFs) in the United States have accumulated over $1.1 billion in inflows since Sept. 23, marking the largest week of inflows since July 15–19.
According to Farside Investors, this figure included $494.4 million on Sept. 27, which was the best-performing day since June 4. On Sept. 26, spot Bitcoin ETFs saw inflows of $366 million.
The leading funds for weekly inflows were BlackRock’s iShares Bitcoin Trust, the ARK 21Shares Bitcoin ETF, and the Fidelity® Wise Origin® Bitcoin Fund, which brought in $499 million, $289.5 million, and $206.1 million, respectively.
Other funds such as Invesco and Galaxy, Franklin Templeton, Valkyrie, and VanEck saw inflows ranging from $5.7 million to $33.3 million. However, the WisdomTree Bitcoin Fund did not record any inflows during the week.
The latest inflows have raised the total for the 11 spot ETFs to $18.8 billion since their launch in January.
This surge in spot Bitcoin ETF inflows follows the U.S. Federal Reserve’s interest rate cut on Sept. 18. Since that cut, Bitcoin has rallied by 13.8%, reaching $65,800, according to CoinGecko data.
Currently, Bitcoin is only 10.8% away from its all-time high of $73,738, which was set on March 14. As the fourth quarter approaches, Bitcoin has historically recorded gains of 50% or higher in Q4 in five of the last nine years, as per CoinGlass data.
Meanwhile, U.S. spot Ether ETFs have reported $85 million in inflows this week, marking their largest week since Aug. 5–9. Since launching on July 23, these Ethereum products have seen a total of just over $1.1 billion in inflows, even after accounting for $2.9 billion in outflows from the Grayscale Ethereum Trust.
