US Spot Bitcoin ETFs See $730 Million Daily Inflow — Third-Largest This Year

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US spot Bitcoin ETFs recorded a net inflow of $730.89 million in a single day, marking the third-largest daily inflow this year. BlackRock’s IBIT accounted for more than half at $453.96 million, while Ark Invest and Fidelity products attracted $137.74 million and $74.45 million respectively. On the same day, spot Ethereum ETFs also saw inflows of $141.39 million, led by BlackRock’s ETHA and Fidelity’s FETH. In contrast, some products such as VanEck’s HODL and Grayscale’s ETHE experienced outflows. The trend indicates that institutional investors are once again actively increasing their <a href="https://xpertsstudio.com/dex-volume-exploded-over-9000x-now-crypto-has-a-new-problem/” title=”DEX Volume Exploded Over 9,000x. Now Crypto Has a New Problem”>crypto ETF exposure, particularly through products offered by major asset managers.

Key Elements

More than $700 million poured into US spot Bitcoin (BTC) exchange-traded funds (ETFs) in a single day. Spot Ethereum (ETH) ETFs simultaneously attracted over $140 million, signaling a rapid recovery in cryptocurrency investment sentiment.

According to data compiled by Trader T on September 3 (local time), US spot Bitcoin ETFs recorded a total net inflow of $730.89 million (approximately 990 billion won) for the day — the third-largest daily inflow so far this year.

Grayscale’s Bitcoin Mini Trust (BTC) and Bitwise’s BITB also saw inflows of $48.79 million (approximately 66 billion won) and $24.76 million (approximately 34 billion won), respectively. Morgan Stanley’s MSBT and Grayscale’s GBTC posted net inflows of $7.71 million (approximately 10 billion won) and $8.22 million (approximately 11 billion won).

On the other hand, VanEck’s HODL saw outflows of $19.58 million (approximately 27 billion won), and WisdomTree’s BTCW also experienced net outflows of $5.16 million (approximately 7 billion won). Invesco’s BTCO, Franklin Templeton’s EZBC, and Valkyrie’s BRRR recorded no net inflows.

On the same day, spot Ethereum ETFs attracted $141.39 million (approximately 190 billion won) in inflows. BlackRock’s ETHA led with $72.07 million (approximately 98 billion won), followed by Fidelity’s FETH at $65.11 million (approximately 88 billion won). These two products accounted for the vast majority of total net inflows into Ethereum ETFs.

Invesco’s QETH saw inflows of $5.39 million (approximately 7.3 billion won), and BlackRock’s staking Ethereum ETF, ETHB, attracted $1.29 million (approximately 1.7 billion won). Grayscale’s Mini ETH also recorded net inflows of $3.6 million (approximately 4.9 billion won). However, Grayscale’s ETHE stood in contrast with outflows of $6.07 million (approximately 8.2 billion won).

The simultaneous large-scale inflows into both Bitcoin and Ethereum ETFs suggest that institutional investors are once again actively increasing their exposure to crypto assets. Analysts note that the fact that products from major asset managers such as BlackRock and Fidelity are leading the inflows indicates continued expansion of participation from the traditional financial sector.

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Source: finance.biggo.com