Bitcoin ETFs Remove Nearly Five Times Daily Supply as Ethereum ETFs See Strong Rebound

CN
coindesk
Follow
4 hours ago


Bitcoin (BTC) exchange-traded funds (ETFs) listed in the U.S. are doing their bit to boost supply scarcity in the crypto market.


According to the latest data from Farside Investors, bitcoin {{btc}} exchange-traded funds (ETFs) saw an inflow of $136.0 million on Sept. 24. Leading this surge was BlackRock's IBIT ETF, which experienced a significant inflow of $98.9 million, marking its largest inflow since Aug. 26. This brings IBIT's total net inflows to over $21 billion, reinforcing its number one position in the market. Other notable contributors included Fidelity's FBTC, with $16.8 million in net inflows, and Bitwise's BITB, which attracted $17.4 million.


More importantly, the inflows on Sept. 24 were equivalent to 2,132 BTC, with IBIT accounting for 1,548 BTC, per HeyApollo data. Given that the current daily issuance of Bitcoin is around 450 BTC, these inflows represent nearly five times the daily mined supply being removed from the market.


Overall, bitcoin ETF inflows have reached $17.8 billion, underscoring continued investor interest in these investment vehicles.


ETF BTC Flows Sept. 24:  (Heyapollo)

Ether (ETH) ETFs recorded $62.5 million in total inflows on Sept. 24, making it the third-largest day for Ether ETF inflows since launch. BlackRock's ETHA led the charge with a $59.3 million inflow, its largest since Aug. 9. This rebound came just a day after Ether ETFs saw their largest outflows since July, underscoring the volatility inherent in the crypto markets.


Despite the intense inflow day, total outflows from ether ETFs stand at $624.4 million, reflecting the broader uncertainty investors face with ether compared to bitcoin.


As of press time, bitcoin is trading at $63,803, while ether is trading at $2,624, according to CoinDesk data.




免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share