U.S. Spot Bitcoin ETF has accounted for inflows for the fifth consecutive day, totaling $105.8 million on September 25, bringing the cumulative total net inflow to $17.94 billion, as per SoSoValue data. This attests to the growing investor sentiment in Bitcoin despite any minor market downturns.
IBIT, BlackRock’s Bitcoin ETF, led the race with a significant inflow of $184.3 million in value. Its daily price fluctuation of -1.83% indicates that investors continue to doubt the short-term potential of the asset due to its minor volatility.
Behind IBIT is Grayscale Bitcoin Trust, or GBTC, which experienced a minor fluctuation in its price, as nominal as 0.01%, bringing the value of net assets to $13.95 billion. In addition to GBTC’s inconsistent daily net inflows and no inflow on September 25, the asset manager has accounted for a whopping $20.11 billion in cumulative net outflows, hinting that while investors are bullish on Bitcoin ETFs, they are not particularly gaga over Grayscale. With a daily net outflow of $33.19 million, Grayscale is followed by Fidelity’s FBTC. Currently, it has a cumulative net inflow of $9.79 billion and a net asset of $11.21 billion. In comparison, BITB (Bitwise) has a daily net inflow of $2.07 million.
Ethereum ETFs, on the other hand, have a more steady inflow with ETH, Grayscale Ethereum Minit Trust seeing the most significant net inflow of $26.63 million on September 25, bringing the overall total net inflow to $43.23 million. However, Grayscale Ethereum Trust (ETHE) did not see any inflows and currently has a cumulative net outflow of $2.85 billion. BlackRock’s iShares Ethereum Trust saw a daily net inflow of $9.38M, with a trading volume worth $27.17M on Wednesday. Fidelity Ethereum ETF also accounted for a minor inflow of $6.45 million.
Though both Bitcoin and Ethereum experienced positive inflows, volatility is a persistent pain point for many investors. With the current regulatory pressure and investor disinterest, Ethereum ETFs, particularly Grayscale, seem to be in a tough spot.