Bitcoin ETF Inflows Surge: Institutions Pour $553 Million in Single Day
Focus Keyword: Bitcoin ETF Inflows
Institutional interest in Bitcoin is on the rise, as spot Bitcoin exchange-traded funds (ETFs) in the United States attracted substantial net inflows totaling $552.78 million on Thursday. This strong movement marks a significant return of capital from large investors to Bitcoin, reinforcing the digital asset’s growing legitimacy in the financial markets.
Bitcoin ETF Inflows: $553 Million in a Single Day
Data from SoSoValue highlights that BlackRock’s IBIT fund led the charge, securing $366.2 million in inflows. Fidelity’s FBTC followed with $134.7 million, while Bitwise’s BITB attracted $40.43 million. Additional spot Bitcoin ETFs managed by VanEck, Invesco, and Franklin Templeton also reported positive inflows, indicating widespread institutional confidence in Bitcoin ETF inflows.
These inflows marked the fourth straight day of net increases for spot Bitcoin ETFs, pushing the total for the week to approximately $1.7 billion. Vincent Liu, Chief Investment Officer at Kronos Research, noted, “Institutional fund flows signal renewed confidence in Bitcoin, especially as investors position themselves ahead of upcoming Federal Reserve interest rate decisions.” For further detail on ETF trends, see the latest analysis from Bloomberg.
Ethereum ETFs Also See Activity
While Bitcoin ETF inflows have surged, August saw $751 million in outflows from these funds. In contrast, spot Ethereum ETFs reported one of their best months ever, with $3.87 billion in inflows. Although Ethereum ETFs experienced some outflows at the start of September, they rebounded with $113.12 million in inflows on Thursday.
Latest Bitcoin and Ethereum Prices
Based on recent market data, Bitcoin is currently trading at $115,455, while Ethereum stands at $4,553. Analysts suggest that if the strong Bitcoin ETF inflows persist, Bitcoin could soon challenge its all-time high.
This article is for informational purposes only and does not constitute investment advice.
