Bitcoin ETFs logged $627 million in inflows on Thursday, their fourth straight day of gains, while ether ETFs brought in $307 million across seven funds. Both asset classes are enjoying surging institutional demand and rising trading volumes.
Bitcoin ETFs Record $627 Million Inflow as Ether ETFs Add $307 Million
Momentum in crypto exchange-traded funds (ETFs) is showing no signs of slowing down. For the fourth straight day, investors poured capital into both bitcoin and ether funds, reinforcing the narrative that institutional appetite for digital assets is heating up again.
Bitcoin ETFs led the charge with $627.24 million in inflows. Blackrock’s IBIT was the clear standout, attracting $466.55 million, while Fidelity’s FBTC secured $89.62 million. Ark 21Shares’ ARKB added $45.18 million, with Bitwise’s BITB contributing $11.17 million.
Smaller but steady flows came into Grayscale’s Bitcoin Mini Trust ($10.17 million), Grayscale’s GBTC ($2.85 million), and Vaneck’s HODL ($1.71 million). Remarkably, no outflows were recorded for the third consecutive day. Trading activity was brisk, with $5.59 billion in value exchanged, pushing net assets to $161.03 billion.
Ether ETFs also had a stellar session, posting $307.05 million in inflows spread across seven funds. Blackrock’s ETHA dominated with $177.11 million, while Fidelity’s FETH added $60.71 million. Bitwise’s ETHW brought in $46.47 million, and Grayscale’s Ether Mini Trust and ETHE attracted $12.71 million and $4.07 million, respectively.
Smaller but notable contributions came from Vaneck’s ETHV ($3.30 million) and 21Shares’ TETH ($2.70 million). Total trading value stood at $2.24 billion, with net assets climbing to $30.19 billion.
The streak now stretches to four days of uninterrupted inflows for bitcoin ETFs and ether ETFs. If the pace holds, October could mark a pivotal shift in sentiment for the crypto market.
Source:Lovinghananews.com
