Crypto

Bitcoin ETFs Remove Nearly Five Times Daily Supply as Ethereum ETFs See Strong Rebound

Recent data from Farside Investors reveals that bitcoin exchange-traded funds (ETFs) received a total inflow of $136.0 million on Sept. 24. The standout performer was BlackRock’s IBIT ETF, which saw a significant influx of $98.9 million, its largest since Aug. 26. This pushes IBIT’s overall net inflows above $21 billion, solidifying its position as the top player in the market. Other key players included Fidelity’s FBTC, attracting $16.8 million, and Bitwise’s BITB, with $17.4 million in inflows.

Investors are showing continued interest in bitcoin ETFs, with significant capital flowing into these investment vehicles. BlackRock’s IBIT ETF, in particular, has been a standout performer, attracting substantial inflows and maintaining its dominant position in the market. With the cryptocurrency market continuing to evolve, ETFs offer investors a convenient way to gain exposure to bitcoin and other digital assets.

Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry. What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content. As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

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