CandleFocus

Bitcoin Investors Pour $366M into US ETFs as BTC Surges Past $65K

Bitcoin broke past the $65,000 mark on September 26, accompanied by a significant increase in capital inflows into U.S.-listed spot Bitcoin exchange-traded funds (ETFs). Eleven Bitcoin ETFs received a total inflow of $365.7 million, the highest in over two months. The surge in inflows is attributed to rising institutional interest, with ARK 21Shares Bitcoin ETF leading with an inflow of $113.8 million. BlackRock iShares Bitcoin Trust followed closely behind with inflows of $93.4 million. However, Grayscale Bitcoin Trust experienced an outflow of $7.7 million. In contrast, Ethereum-based ETFs saw a collective outflow of $100,000, despite inflows of over $15 million for BlackRock and Fidelity's spot Ether funds. This disparity has raised questions about the differing levels of institutional support for Bitcoin and Ethereum.

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