Bitcoin Spot ETFs Bounce Back with $3.24 Billions In Net Inflows - Details

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Following a rather bearish end to September, the Bitcoin spot ETFs have rediscovered their positive form, registering over $3 billion in net inflows in the first week of Q4. Notably, this bullish form coincided with an impressive price performance by Bitcoin during which the premier cryptocurrency gained by 11.35% to move to around the $122,000 price region.

Related Reading: BitDigital Becomes First Public Ethereum DAT To Deploy Unsecured Leverage – Details## Bitcoin Spot ETFs Attract Second-Highest Record Weekly Net Deposits

According to data from SoSoValue, Bitcoin Spot ETFs are back in strong form, recording $3.24 billion in net inflows at the start of October. This rebound follows the $902.5 million in net outflows during the final week of September and marks the second-largest weekly inflow since the ETFs launched in March 2024.

The week’s highest inflow came on October 3, with $985.08 million, while the lowest was seen on September 30, at $429.96 million. In analyzing each of the 12 Bitcoin spot ETFs’ performances, it was generally a widespread positive performance BlackRock’s IBIT shone brightly with $1.82 billion in net deposits, moving its cumulative net inflow to $62.63 billion and total net assets to $96.20 billion. Meanwhile, Fidelity’s FBTC also grabbed a share of the spotlight, securing a massive $691.92 million in net inflows.

Ark/21Shares’ ARKB brought in $254.54 million, while Bitwise’s BITB added $211.86 million. Grayscale recorded similar results on both products: its BTC fund secured $87.25 million, while the converted GBTC posted $57.27 million. Notably, VanEck’s HODL followed with $65.06 million, and Invesco’s BTCO took in $35.35 million. Smaller but still positive inflows were noted for Franklin Templeton’s EZBC ($16.52 million) and Valkyrie ($4.03 million). Meanwhile, WisdomTree’s BTCW and Hashdex’s DEFI both reported no inflows for the week.

At the time of writing, the Bitcoin spot ETFs have a cumulative net inflow of $60.05 billion, while their combined total net assets are valued at $164.50 billion, representing. 6.74% of the Bitcoin market cap.

Related Reading: Ripple’s XRP Ledger Launches MPT Token Standard – Here’s What It Means For Investors## Ethereum ETFs Match Market Optimism With $1.30 Billion In Net Inflows

In other news, Ethereum Spot ETFs also shared in the Q4 market euphoria, recording $1.30 billion in aggregate inflows. Leading the charge was BlackRock’s ETHA, which continued to outperform peers with $691.66 million in net deposits. Combined, these funds now hold $30.57 billion in total net assets, representing 5.58% of Ethereum’s total market capitalization. At the time of writing, Bitcoin trades at $121,997 following a 0.31% decline in the last day. Meanwhile, Ethereum is valued at $4,477

BTC trading at $122,260 on the daily chart | Source: BTCUSDT chart on Tradingview.comFeatured image from Forbes, chart from Tradingview Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.