US Investors Pour $365M into Bitcoin ETFs as Price Continues to Soar
27.09.2024 13:00 1 min. read Alexander Zdravkov
On Thursday, U.S. investors funneled approximately $365 million into spot Bitcoin ETFs, pushing total inflows to over $600 million for the week, according to data from Farside Investors.
This surge in investment came as Bitcoin reached a monthly peak of $65,000.
ARK Invest’s ARKB ETF saw a strong rebound, attracting around $114 million after a brief decline earlier in the week. BlackRock’s IBIT continued its growth streak with an additional $93 million, while Fidelity’s FBTC and Bitwise’s BITB combined pulled in $124 million.
Other funds, including those from VanEck, Invesco, Valkyrie, and Franklin Templeton, also recorded gains. However, WisdomTree’s BTCW saw no new inflows. Grayscale’s Bitcoin Mini Trust brought in nearly $3 million, while its larger GBTC product experienced a $7 million outflow, marking the smallest withdrawal in the past two weeks.
The renewed interest in Bitcoin ETFs aligns with Bitcoin’s recent surge, which broke through the $65,000 mark following positive U.S. economic data, including a 3% rise in GDP and a drop in weekly jobless claims.
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