- Bitcoin ETFs continued their positive streak on Thursday.
- The funds pulled hundreds of millions in net inflow despite slight bleeding from Grayscale’s GBTC.
- Bitcoin’s price also continued to rally past $65K.
U.S.-based spot Bitcoin exchange-traded funds (ETFs) witnessed a sixth consecutive day of inflows on Thursday, attracting hundreds of millions from investors.
The continued positive streak coincided with a notable Bitcoin price upswing, putting the largest crypto asset by market cap on course to log its highest jump in September amid a global wave of interest rate cuts, headlined by the U.S. Fed, the European Central Bank, and the People’s Bank of China.
Latest Bitcoin ETF Flows
According to SoSoValue data, U.S.-listed spot Bitcoin ETFs saw a total daily net inflow of $365.57 million on Thursday, the highest since late July.
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Ark Invest and 21Shares’ ARKB led the day’s inflows with $113.82 million, followed by BlackRock’s IBIT, Fidelity’s FBTC, Bitwise’s BITB, and VanEck’s HODL, which were $93.38 million, $74 million, $50.38 million, and $22.1 million, respectively.
Smaller net inflows were seen in Invesco’s BTCO, Franklin Templeton’s EZBC, and Valkyrie’s BRRR, which pulled a combined $16.47 million after reporting zero flows for three consecutive days between September 23 and September 25.
Grayscale’s converted trust, GBTC, was the only fund that bled on Thursday, losing $7.73 million to bring its cumulative net outflow since launch to $20.12 billion. Despite the hemorrhage, the asset manager’s Bitcoin Mini Trust (BTC), which holds almost half a billion in net assets, saw a mild inflow of $2.87 million.
As for Bitcoin, the crypto asset’s price has held a high ground in the past week after gaining over 10% this month. Bitcoin crossed the $65,000 mark on September 26 and had risen by over 3% to exchange hands at $65,956 at the time of writing, CoinMarketCap data shows.
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