Bitcoin ETFs post net inflows for sixth day in a row

US spot Bitcoin ETFs are attracting capital again. On 24 September the funds recorded a net inflow of $191 million, extending the streak to six consecutive trading days. Spot Ethereum ETFs are showing a similar trend: five consecutive days of net inflows, accounting for $66 million on the same day. At the time of writing Bitcoin stands at $84K, virtually unchanged from a day earlier.

Bitcoin is available at OKX and Bybit.

In brief:

• US spot Bitcoin ETFs received $191 million in net inflows on 24 September, the sixth day in a row.
• Spot Ethereum ETFs recorded $66 million in inflows and have kept up a five-day streak.
• Bitcoin trades around $84K, a decline of 0.2% over the past 24 hours.

Six days of inflows in a row for Bitcoin ETFs

The sustained inflow into US spot Bitcoin ETFs points to continuing market demand. With $191 million on 24 September, the run of six consecutive positive days is well under way. Earlier this month Bitcoin ETFs already raised $715 million in four days in a row, which shows that institutional interest remains firmly present.

The total net asset value of all spot Bitcoin ETFs combined currently stands at $108.92 billion, according to data from SoSoValue. That figure indicates how much capital has now been invested in Bitcoin through these funds.

Ethereum ETFs follow Bitcoin closely

Spot Ethereum ETFs are showing a comparable pattern. On 24 September $66.01 million flowed in, the fifth consecutive day of positive inflows. Earlier this month Bitcoin and Ethereum ETFs together already raised $452 million in a single session.

Whether the inflows into both funds continue depends in part on how the Bitcoin price develops. Analysts are monitoring the situation closely, now that Bitcoin recently rose above its May peak.