Spot Bitcoin ETFs Attracted Record-Breaking Inflows of Nearly $1.4 Billion on Thursday

BlackRock's iShares Bitcoin Trust (IBIT) collecting more than $1.1 billion of the total

Spot bitcoin ETFs enjoyed record-breaking inflows again on Thursday, attracting nearly $1.4 billion in a single day, the latest data showed.

Of the total inflows into spot bitcoin ETFs, BlackRock’s iShares Bitcoin Trust (NYSE Arca: IBIT) collected more than $1.1 billion, according to U.K.-based asset manager Farside Investors.

The brisk inflows come as bitcoin fiyatı enjoyed a strong rally to begin 2024, rising by more than 40% year-to-date. The gains follow a difficult 2023, which saw bitcoin lose about three-quarters of its value.

Bitcoin rose 1.3% over the past 24 hours to $24,163. It's now seen four straight days of gains and is up about $6k from last Friday.

Meanwhile, among other bitcoin ETFs, Fidelity Wise Origin Bitcoin Fund (NYSE Arca: FBTC) attracted $190.9 million, Farside data showed.

Cathie Wood’s ARK 21Shares Bitcoin ETF (NYSE Arca: ARKB) generated $17.6 million in inflows, while the Bitwise Bitcoin ETF (NYSE Arca: BITB) added $13.4 million.

Bitcoin fiyatı rose sharply on Wednesday after the Federal Reserve raised rates by 25 basis points, as expected, and signaled further monetary policy easing down the road. Bitcoin fiyatı initially fell following the news.

Elsewhere in the markets, Dow futures rose 125 points, or 0.38%, after the Dow closed 400 points lower on Wednesday. S&P 500 futures gained 0.42%, while Nasdaq 100 futures advanced 0.6%.

In other ETF news, traders feasted on about 18k bitcoin (around $420 million) on Thursday, Farside also noted in a separate post. Only 450 new bitcoin are being mined each day.

“All told they feasted on about 18k btc in one day (vs 450 mined) and are now 93% of the way to passing Satoshi's 1.1mil btc,” the ETF platform added in its post.

Among ether-linked ETFs,也都表现良好 on Thursday. The largest of the bunch, BlackRock’s iShares Ethereum Trust (NYSE Arca: ETHA), and Fidelity Ethereum Fund (NYSE Arca: FETH), led the pack with inflows of $23.7 million and $28.9 million, respectively.

Other ether ETFs, including VanEck’s ETH product (NYSE Arca: ETHV) and Grayscale’s mini ether trust (NYSE Arca: ETHE), also saw inflows. While ETHV gathered $12.7 million, ETHE, which has enjoyed brisk demand since its conversion to an ETF, added $5.5 million in new assets.

Grayscale’s flagship trust (NYSE Arca: ETHE) also saw outflows of $1.2 million on Thursday, the latest in a string of outflows since its conversion. It carries a 2.5% expense ratio, the highest for these funds.