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    Home » U.S. Spot Bitcoin ETFs See $555 Million in Net Inflows, Largest Surge Since June
    Bitcoin

    U.S. Spot Bitcoin ETFs See $555 Million in Net Inflows, Largest Surge Since June

    Andrei IonescuBy Andrei IonescuTuesday, 15 October 2024, 11:19No Comments2 Mins Read

    Spot bitcoin exchange-traded funds (ETFs) in the U.S. witnessed a significant inflow of $555.8 million on Monday, marking the largest daily inflows since June 4. Ten of the twelve spot bitcoin ETFs reported net inflows, with no outflows recorded, according to SoSoValue data.

    Fidelity and Bitwise Lead Inflows

    Fidelity’s FBTC topped the list, attracting $239.25 million, followed by Bitwise’s BITB with $100 million.

    • BlackRock’s IBIT, the largest bitcoin ETF by net assets, saw $79.5 million in inflows.
    • Ark Invest and 21Shares’ ARKB added $70 million.
    • Grayscale’s GBTC recorded more than $37 million in net inflows.

    Other funds, including those from VanEck, Valkyrie, Invesco, Franklin Templeton, and Grayscale’s mini trust, also saw positive inflows, while WisdomTree and Hashdex ETFs had zero flows for the day.

    The surge in inflows contributed to an active trading day, with $2.61 billion in total value traded, the highest since August 23. BlackRock’s IBIT accounted for a staggering $1.67 billion of Monday’s volume.

    The total net inflows across U.S. spot bitcoin ETFs since their January launch now stand at $19.36 billion. “Now approaching $20 billion net inflows in [10 months],” ETF Store president Nate Geraci wrote on X. “Simply ridiculous & blows away every pre-launch demand estimate.”

    Ether ETFs Also Post Gains

    Spot ether ETFs reported $17.07 million in net inflows, marking their most substantial daily gain this month.

    • BlackRock’s IBIT led ether inflows with $14.31 million, followed by $1.31 million into Fidelity’s FETH.
    • Invesco’s QETH and 21Shares’ CETH also saw positive inflows.

    The total trading volume for U.S. spot ether ETFs reached $210.40 million on Monday, though the sector still reflects a cumulative net outflow of $541.82 million since launch.

    READ  EU's MiCA Regulations Set to Boost Euro-Denominated Stablecoins, Says JPMorgan

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    Andrei Ionescu

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