---
title: "Bitcoin ETFs Attract $555 Million In Fresh Inflows"
url: https://diffcoin.com/bitcoin-etfs-attract-555-million-in-fresh-inflows/
description: "Spot Bitcoin US exchange-traded funds (ETFs) are roaring today, recording the highest inflow in four months as a total sum of $556 million streamed into 12"
published: 2024-10-15
updated: 2024-10-15
author: "Mila"
site: "Diffcoin"
---

# Bitcoin ETFs Attract $555 Million In Fresh Inflows

Spot Bitcoin US exchange-traded funds (ETFs) are roaring today, recording the highest inflow in four months as a total sum of $556 million streamed into 12 funds. Coincidentally, by the time the inflow was received, Bitcoin was rebounding as it touched a two-week high at $66,500.

The highest single-day flow, at $239 million, came in through Farside (FBTC), the highest since June. Others performing well include Bitwise (BITB) at $100 million and BlackRock (IBIT) which managed to attract new investors to the rake in $79.51 million.

## Increased Activity Across Funds

Several funds posted inflows as the market continued to rally. The shares of ARK Invest and 21Shares (ARKB) stood at nearly $70 million, while Grayscale (GBTC), the bitcoin trust, recorded its first inflow since September at a little over $37 million even if the trust struggled with massive cumulative outflows of $20 billion since its inception.

```
Source: Farside Investors
```

Other small funds that posted inflows included: HODL, EZBC, BTCO, Grayscale BTC Mini Trust, and Valkyrie whose inflows totaled over $29 million.

Their growing action also pushed the trading volumes of these 12 Bitcoin ETFs up to $2.61 billion. Analysts project that this new rise will push such funds further by using the net inflows achieved in the past 10 months which is currently at $19.36 billion. This could also be due to Bitcoin ETFs also taking more than gold-based products, reaping $1.5 billion in net inflows this year.

```
BTC market cap currently at $1.29 trillion. Chart: TradingView.com
```

## Ethereum ETFs Lag Behind Bitcoin

Bitcoin ETFs rose to the highest degree as compared to Ethereum ETFs, which responded relatively better. Net inflows into Ethereum ETFs stood at $17 million led by BlackRock (ETHA) with $14 million.

```
Image: Regtechtimes
```

Other funds in Fidelity (FETH), Invesco (QETH), and 21Shares (CETH) received flows ranging from $393,690 to $1.30 million. Trading volumes for Ethereum ETFs also rose to $210 million from $143.54 million the previous day. In fact, since their launch in July, Ethereum ETFs have seen net outflows of $542 million.

The total cryptocurrency market also started to recover from its losses with Bitcoin trading at $65,268. Meanwhile, Ethereum increased by almost 3% to hit the $2,594 level by the end of the day.

As Nate Geraci, President of ETF Store, said, this day was a “monster day” for spot Bitcoin ETFs, as the crypto investment product continues to gain mass appeal ahead of traditional and safer assets, such as gold.

*Featured image from Global Finance Magazine, chart from TradingView*

[Source link](https://bitcoinist.com/bitcoin-etfs-attract-555-million-in-fresh-inflows/)