Biggest One Day ETF Inflow In Months
September 30, 2024
(Updated:
)
Last Friday, the Bitcoin ETFs saw a total inflow of $494.4 million - that’s the largest inflow in months.
The largest contributors were:
- Ark Invest’s ARKB with $203.1 million
- Fidelity’s FBTC with $123.6 million
- BlackRock’s IBIT with $110.8 million.
These three ETFs combined covered approximately 88% of the total inflow that day. The inflows coincided with a rise in BTC’s price to $66,500 on the 27th, a local high.
This marks the largest day of BTC ETF inflow since July 22nd, which saw $485.9 million in total inflows. The last day to surpass both of these days was on June 4th, which saw a total of $886.6 million in total inflows.
It also marks 7 straight days of BTC ETF inflows, totalling a combined $1.36 billion. The last period to see at least 7 straight days of inflows came in mid-August, which saw 8 straight days of inflows between August 15th - 26th, totalling $756 million in inflows.
Since BTC ETFs were approved in January of this year, there has been a total inflow of $18.8 billion across all BTC ETFs.
BlackRock’s IBIT has seen by far the most, with $21.4 billion. Grayscale’s GBTC has been the only ETF out of eleven total approved BTC ETFs to see outflows, with a total outflow of $20.1 billion.
