Originally published on: September 29, 2024
**Exploring the Bitcoin ETF Inflows Surge**
Spot Bitcoin exchange-traded funds (ETFs) in the United States have experienced a significant surge in inflows, totaling more than $1.1 billion since September 23. This surge marks the largest weekly inflow seen since July 15–19.
**Highlights of the Bitcoin ETF Inflows**
According to analysis from Farside Investors, the notable inflows included a staggering $494.4 million on September 27, representing the most successful day since June 4. Furthermore, the week saw a substantial influx of $366 million on September 26.
Leading the pack in weekly flows were prominent funds such as BlackRock’s iShares Bitcoin Trust, the ARK 21Shares Bitcoin ETF, and the Fidelity® Wise Origin® Bitcoin Fund, attracting $499 million, $289.5 million, and $206.1 million, respectively.
While Invesco, Galaxy, Franklin Templeton, Valkyrie, and VanEck Bitcoin funds saw inflows ranging from $5.7 million to $33.3 million, the WisdomTree Bitcoin Fund observed no inflows during the week.
**Impact of the Inflows on the Market**
The collective inflows for the 11 spot ETFs have now reached $18.8 billion since their introduction in January. This surge in spot Bitcoin ETF flows comes on the heels of the US Federal Reserve’s recent interest rate cut on September 18.
Following this development, Bitcoin has witnessed a notable rally of 13.8%, reaching $65,800, as per CoinGecko data. The cryptocurrency now stands just 10.8% below its all-time high price of $73,738 established on March 14.
**Outlook for Bitcoin in Q4**
As the fourth quarter approaches, historical data reveals that Bitcoin has recorded gains exceeding 50% in Q4 during five of the past nine years, based on insights from CoinGlass.
**Ether ETFs in the Limelight**
In a parallel revelation, US spot Ether ETFs welcomed inflows totaling $85 million this week, marking their most substantial week of inflows since August 5–9.
Since their launch on July 23, these Ethereum products have garnered inflows surpassing $1.1 billion, factoring in the $2.9 billion outflows from the Grayscale Ethereum Trust.
**Conclusion:**
The notable surge in Bitcoin ETF inflows underscores the growing investor interest, propelled by market dynamics and the macroeconomic landscape. As cryptocurrency continues to evolve in the financial ecosystem, these developments could potentially shape the future trajectory of digital assets in mainstream investor portfolios.
**Related: Sustained Bitcoin ETF inflows poised to impact price trends amidst evolving market dynamics**
*Source: Farside Investors*
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