US spot Bitcoin ETFs (exchange-traded funds) extended their positive inflow streak to eight days after a collective $61.3 million entered the funds on Sep. 30.
The fund belonging to asset management giant BlackRock led the way in inflows yesterday with data from Farside Investors showing that its IBIT saw $72.2 million enter its reserves.
ARKB And BITB Record Outflows, While Other Funds See No New Flows
Fidelity’s FBTC was the only other spot Bitcoin ETF to record net inflows on Monday after investors sent $8.3 million to the fund. Meanwhile, BITB and ARKB were the only products to suffer net outflows.
Data shows that $9.5 million left Ark and 21Shares’ ARKB on Sept. 30. Similarly, $9.7 million was pulled out of Bitwise’s BITB. This is after both of the funds posted net inflows during the two sessions prior to Monday.
The remaining US spot Bitcoin ETFs recorded zero flows. Grayscale’s GBTC has also taken a breather from the outflow trend it has been in since its conversion at the start of the year. After registering $11.2 million inflows on Sept. 27 and $7.7 million outflows on Sept. 26, the product recorded no new flows yesterday.
US Spot Bitcoin ETFs Record Over $1 Billion Net Inflows In Last 5 Days
In just the last 5 trading sessions, US spot Bitcoin ETFs have recorded more than $1 billion in net inflows. The biggest inflows during this period were experienced on Sept. 27, when $494.4 million was sent to the funds collectively.
IBIT’s inflows did not account for the majority of these inflows. Instead, ARKB was the most successful fund in terms of additional capital on Sept. 27. Data from Farside Investors shows that ARKB posted $203.1 million inflows on the day. Overall, the funds have raked in $18.866 billion in net inflows since their launch in January.
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