Bitcoin ETFs (exchange-traded funds) in the US are having a major moment. They just had their best single-day performance in almost four months, with investors pouring nearly half a billion dollars into these funds.
A Big Day for Bitcoin ETFs
On Friday, September 27th, Bitcoin ETFs saw a whopping $494 million in new investments. This was the highest amount since June 4th, when they saw over $886 million in inflows. This positive sentiment seems to be boosting Bitcoin and the broader crypto market, which has been recovering from a dip earlier in September.
The biggest winners were:
- Ark Invest and 21Shares’ ARKB: $203 million
- Fidelity’s FBTC:
$124 million - BlackRock’s IBIT: $110 million
Even Grayscale Bitcoin Trust (GBTC), which has been struggling since spot Bitcoin ETFs launched, saw a positive day with $26.15 million in inflows.
A Winning Streak
This big day wasn’t a one-off. Bitcoin ETFs have been on a roll for three weeks straight, bringing in a total of $1.11 billion in new investments.
Ethereum ETFs Are Following Suit
The success of Bitcoin ETFs seems to be inspiring their Ethereum counterparts. Ethereum ETFs had their second positive week since launching, with over $84.51 million in new investments.
Fidelity’s FETH led the way with $42.5 million in inflows, followed by BlackRock’s ETHA with $11.46 million.
BlackRock’s Ethereum ETF Hits a Milestone
BlackRock’s Ethereum ETF (ETHA) has reached a major milestone: it now has over $1 billion in assets. This happened in just two months, making ETHA one of the top 20% of all ETFs in the US.
