Bitcoin exchange-traded funds (ETFs) roared with $676 million in inflows on Wednesday, marking their third straight day of gains, while ether ETFs added $81 million across four funds. Both asset classes are enjoying a strong revival of institutional demand.
Crypto ETF Rally Builds as Bitcoin and Ether ETFs Extend Inflow Streaks
The tide has turned firmly in favor of crypto ETFs. After weeks of turbulence, both bitcoin and ether funds are now riding a powerful wave of inflows, with Wednesday, Oct. 1, delivering one of the strongest days yet.
Bitcoin ETFs pulled in a staggering $675.81 million, their third straight day of inflows. Blackrock’s IBIT once again dominated with $405.48 million, while Fidelity’s FBTC added $179.32 million.
Bitwise’s BITB contributed $59.41 million, and additional gains came from Grayscale’s Bitcoin Mini Trust ($9.88 million), Grayscale’s GBTC ($9.22 million), Vaneck’s HODL ($6.65 million), and Ark 21shares’ ARKB ($5.86 million). For the second consecutive day, no outflows were recorded. Total value traded surged to $5.03 billion, with net assets jumping to $155.89 billion.
Ether ETFs also extended their run, bringing in $80.79 million. Fidelity’s FETH led with $36.76 million, followed by Blackrock’s ETHA with $26.17 million. Grayscale’s Ether Mini Trust contributed $14.29 million, while ETHE added $3.57 million. Total value traded reached $2.04 billion, pushing ether ETF net assets to $28.73 billion.
Three days of back-to-back inflows for both bitcoin and ether highlight a strong resurgence of institutional demand. With capital pouring in across nearly every major fund, the momentum heading into October is difficult to ignore.
Source:Lovinghananews.com
