Thursday’s inflows represent a sharp turnaround from the previous day’s negative trends across Bitcoin ETFs. Investors appear to be capitalizing on Bitcoin’s price stability around $58,000.
On Thursday, September 12, US Bitcoin spot exchange-traded funds (ETFs) saw a substantial $39 million in investments from institutional investors keen on gaining exposure to Bitcoin BTC $85 309 24h volatility: 1.1% Market cap: $1.69 T Vol. 24h: $11.57 B without directly holding the crypto asset themselves.
This influx of capital comes as BTC has stabilized around the $58,000 mark over the last 24 hours, recovering from a significant downturn that had drained millions from the crypto market.
ARKB Leads with Significant Inflows
Data from SoSoValue reveals that ARKB, managed by both Ark Invest and 21Shares, attracted the most attention, receiving $18.34 million in daily inflows.
As of September 12, the product’s total historical net inflow has reached $2.25 billion. The fund was among the Bitcoin ETFs that ended an eight-day streak of outflows earlier this week, recording a total inflow of $117 million, with ARKB alone gaining $12.68 million that day.
ARKB’s strong performance was closely followed by Fidelity’s FBTC, which saw inflows of $11.47 million, bringing its total historical net inflow to $9.54 billion. Other significant contributors included Grayscale’s Bitcoin Mini Trust and VanEck’s HODL, which added $5.18 million and $4.95 million, respectively.
Despite the overall positive trend, Grayscale’s GBTC fund experienced notable outflows, losing $6.51 million on Thursday. Its total net outflow now stands at $20.05 billion.
The remaining Bitcoin ETFs in the U.S. market, such as BlackRock’s IBIT, Valkyrie Bitcoin Fund (BRRR), Invesco Galaxy Bitcoin ETF (BTCO), Hashdex Bitcoin ETF (DEFI), and WisdomTree Bitcoin Trust (BTCW), recorded varying inflows and outflows. Despite being the largest Bitcoin ETF in terms of net asset value, BlackRock’s IBIT has not recorded any inflows since August 27.
Bitcoin ETFs Record $896.92M in Trading Volume
Thursday’s inflows represent a sharp turnaround from the previous day’s negative trends across Bitcoin ETFs. Investors appear to be capitalizing on Bitcoin’s price stability around $58,000.
According to SoSoValue, all 12 Bitcoin ETFs in the U.S. recorded a decent trading volume of $896.92 million in a single day. However, this figure represents a decrease from the $1.27 billion traded the day before.
As of September 12, the total net inflows for all Bitcoin ETFs in the U.S. now stand at $17.03 billion. This steady influx of capital indicates that investors are increasingly viewing BTC as a solid asset class amid global economic uncertainties.
Ethereum ETFs Face Continued Outflows
Meanwhile, while Bitcoin ETFs are enjoying a surge in investor interest, their Ethereum counterparts are facing difficulties. On Thursday, spot Ethereum ETFs saw net outflows totaling $20.14 million, with the bulk coming from Grayscale’s ETHE fund.
This marks the second consecutive day of outflows for Ethereum-focused funds this week. Total net outflows for Ethereum products have now reached $582.74 million.
Despite this, Ethereum ETH $1 605 24h volatility: 1.5% Market cap: $193.99 B Vol. 24h: $5.24 B remains a key player in the crypto market, though recent market volatility appears to have shaken investor confidence in the asset.
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