- Spot Bitcoin ETFs have extended their inflow streak to a second day.
- The funds pulled hundreds of millions on Friday.
- The inflows coincided with Bitcoinโs price rally.
U.S.-listed spot Bitcoin exchange-traded funds (ETFs) attracted hundreds of millions from investors on Friday, extending their positive inflow streak to a second day.
The inflow resurgence came as the crypto market witnessed a notable uptrend in the past few days, buoyed by Fed rate cut expectations and strong gains across traditional assets. Bitcoinโs price rose nearly 3% on Friday, while Ether surged 2.7% to reclaim the $2,400 level.
Bitcoin ETF Flow on September 13
According to SoSoValue data, the 12 U.S.-based spot Bitcoin ETFs recorded a daily net inflow of $263.07 million on September 13, their highest in over a month. The funds also saw a daily trading volume of $1.82 billion, significantly higher than the previous dayโs $896.95 million.
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Fidelityโs FBTC led the dayโs inflows with $102.09 million, followed by Ark Investโs ARKB and Bitwiseโs BITB at $99.27 million and $43.06 million. Grayscaleโs GBTC, which has hemorrhaged over $20 billion since its launch, saw its first inflow in a long time, pulling $6.66 million.
Other notable inflows came from VanEckโs HODL, Franklin Templetonโs EZBC, and Valkyrieโs BRRR, which attracted a combined $11.99 million. The remaining funds posted zero inflows, including the largest Bitcoin ETF by net assets, BlackRockโs IBIT.
With the massive inflows signaling renewed investor confidence, Bitcoinโs price rose 4% in the last 24 hours to cross the psychologically significant $60,000 level on September 14 at about 1:20 AM (GMT +3). The crypto asset surged to $60,619 before paring some of the gains to trade at $59,703 at the time of writing, CoinMarketCap data shows.
Stay updated on MicroStrategyโs latest Bitcoin acquisition:
MicroStrategy Reinforces Bitcoin Holdings with $1.1 Billion BTC Acquisition
Read about Hong Kongโs crypto ETF flop:
Hong Kong Crypto ETFs Flop: Investors Face 20% Loss
