{"id":29269,"date":"2024-09-15T11:00:15","date_gmt":"2024-09-15T08:00:15","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=29269"},"modified":"2024-09-15T09:44:33","modified_gmt":"2024-09-15T06:44:33","slug":"spot-bitcoin-etfs-see-263m-inflows-best-in-2-months","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/spot-bitcoin-etfs-see-263m-inflows-best-in-2-months\/","title":{"rendered":"Spot Bitcoin ETFs See $263M Inflows, Best in 2 Months"},"content":{"rendered":"

Though the biggest ETF<\/strong> on the market had no inflows of its own, spot bitcoin exchange-traded funds<\/strong> in the United States had their best day for inflows on Friday\u2014almost two months ago.<\/p>\n

The largest for a single day since July 22’s huge $485.9 million 55 days ago, US-based spot bitcoin ETFs<\/strong> had a daily total net inflow of $263.1 million Friday. Reversing two weeks of net negative inflows, last week’s overall inflow was $403.8 million.<\/p>\n

Currently the biggest such fund by assets under management (AUM), BlackRock’s IBIT has recorded just $9.1 million worth of withdrawals over the past two weeks; most days show no net trading activity. Rather, Fidelity’s FBTC with $102.1 million worth of inflows and Ark & 21Shares’ ARKB with $99.3 million worth of inflows drove Friday’s flows.<\/p>\n

With $43.1 million, Bitwise logged the third-largest influx. “Never been more optimistic about the road ahead for Bitcoin and crypto<\/strong>. Glad to be part of this community,”<\/em> Bitwise CEO Hunter Horsley wrote on X, mentioning the influx.<\/p>\n

After two days of net negative outflows, US-based spot<\/strong> ether ETFs<\/strong> gained a meager $1.52 million in inflows Friday.<\/p>\n

$5.21 million worth of inflows into Bitwise’s ETHW balanced an outflow of $7.4 million from Grayscale’s ETHE fund and a $3.7 million inflow to BlackRock’s ETHA. There were neither any notable inflows nor withdrawals for the remaining US-based funds.<\/p>\n

With the exception of four other funds\u2014Grayscale’s GBTC with $6.7 million, Franklin’s EZBC with $5.2 million, VanEck’s HODL with $5.1 million, and Valhalla’s BRRR with $1.7 million\u2014all of which reported no noteworthy inflows or outflows.<\/p>\n

Currently lingering around $60,000, bitcoin’s<\/strong> value<\/strong><\/a> reflects speculators’ expectation of a Federal Reserve interest rate reduction next Wednesday, September 18. At present, CME FedWatch projects an equal probability of the Fed reducing rates by either 25 or 50 basis points. After rising to its present 525-550 basis point goal on July 26, 2023, the rate has been the same for about a year.<\/p>\n

 <\/p>\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em>the latest\u00a0news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Though the biggest ETF on the market had no inflows of its own, spot bitcoin exchange-traded funds in the United States had their best day for inflows on Friday\u2014almost two months ago. The largest for a single day since July 22’s huge $485.9 million 55 days ago, US-based spot bitcoin ETFs had a daily total<\/p>\n","protected":false},"author":6,"featured_media":27867,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[61,534,105,1000],"class_list":["post-29269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-etf","tag-ethereum","tag-ethereum-etf"],"yoast_head":"\nSpot Bitcoin ETFs See $263M Inflows, Best in 2 Months - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/spot-bitcoin-etfs-see-263m-inflows-best-in-2-months\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spot Bitcoin ETFs See $263M Inflows, Best in 2 Months - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Though the biggest ETF on the market had no inflows of its own, spot bitcoin exchange-traded funds in the United States had their best day for inflows on Friday\u2014almost two months ago. 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