Bitcoin ETFs saw a surge in net inflow on September 25, 2024, with a total of $105.84M worth of BTC flowing into the market. BlackRock’s iShares led the pack with a massive inflow of $184.4M, marking the largest inflow in Bitcoin ETFs for the month. Currently, BlackRock’s IBIT holds 357,732.27310 BTC valued at $22.97B, solidifying its position as the largest investment firm actively buying Bitcoin.
In addition to Bitcoin, Ethereum ETFs also experienced a bullish sentiment, with a net inflow of $43.2M. Grayscale’s ETHE recorded an inflow of $26.6M, while Blackrock and Fidelity added $9.4M and $6.4M, respectively. This positive momentum in both Bitcoin and Ethereum ETFs indicates growing investor interest and confidence in the cryptocurrency market.
As the cryptocurrency market continues to evolve, institutional investors like BlackRock are increasingly participating in digital asset investments. The influx of funds into Bitcoin and Ethereum ETFs reflects a shift towards mainstream acceptance of cryptocurrencies as viable investment options.
Overall, the recent inflow of funds into Bitcoin and Ethereum ETFs highlights the growing popularity and potential of digital assets in the traditional financial sector. With major investment firms like BlackRock leading the way, the future of cryptocurrency investments looks promising.