Spot Bitcoin ETFs Hit $365M In Inflows As BTC Surges Above $65K For First Time In Two Months
Spot Bitcoin ETFs (exchange-traded funds) recorded over $365 million in inflows yesterday as BTC surges above $65K today for the first time in two months. The $365.7 million in net inflows into spot Bitcoin ETFs on Sept. 26 was the highest since July 22, when the ETFs raked in $486 million, according to data from Farside Investors. That helped BTC pump more than 2% in the past 24 hours to trade at $65,479.99 as of 3:35 a.m. EST. There have now been six consecutive days of inflows. ARKB Leads US Spot Bitcoin ETFs In Inflows Ark Invest and 21Shares’ ARKB registered the highest inflows yesterday, with $113.8 million entering its reserves. In second place was BlackRock’s IBIT with $93.4 million in net inflows. All of the funds, except for BTCW and Grayscale’s GBTC, recorded inflows. BTCW posted zero flows, while GBTC resumed its outflow trend after two consecutive days of no inflows. Despite not recording the largest inflows yesterday, IBIT maintains a...