BlackRock\u2019s spot Bitcoin ETF, IBIT, has continued its lead in the ETF market with significant inflows. <\/span>The fund has accumulated over $1 billion in assets this week<\/b>.<\/span><\/p>\n Impressively, on Thursday, October 17, IBIT amassed net inflows of $309 million, bringing the net US Bitcoin ETFs inflow to over $470 million. <\/span>Similarly, Ethereum-based ETFs followed the positive trend to accumulating over $48 million in inflows on Thursday.\u00a0<\/span><\/p>\n These ETFs reflect the trend in the broader crypto market, which maintains a bullish pattern, with Bitcoin climbing to the $67,000 region.<\/span><\/p>\n According to data from <\/span>SoSoValue<\/span><\/a>, the largest spot Bitcoin ETF, <\/span>BlackRock\u2019s IBIT, recorded net inflows of $309 million on October 17<\/b>.<\/span><\/p>\n Following the latest positive flows, IBIT has posted over $1.07 billion in net inflows this week. This value marks its largest weekly positive flow since mid-March.<\/span><\/p>\n BlackRock\u2019s Bitcoin ETF boasts over $22.76 billion in net inflows since its launch<\/b>.<\/span><\/p>\n Four other ETFs recorded positive flows on Thursday, including IBIT. Ark Invest and 21Shares\u2019 ARKB followed IBIT with more than $100 million in net inflows.<\/span><\/p>\n Surprisingly, Grayscale\u2019s GBTC saw about $45.7 million in net inflows on Thursday after zero net flows the previous day. Fidelity\u2019s FBTC and Franklin Templeton\u2019s EZBC closed the trading day with net inflows of $11.7 million and $3.9 million, respectively. <\/span>The remaining six ETFs posted zero net flows for the day<\/b>.<\/span><\/p>\n Moreover, on Thursday, the ETFs\u2019 daily trading volume slightly dropped to $1.47 billion compared to $1.58 billion the previous day.\u00a0\u00a0<\/span><\/p>\n Cumulatively, the US spot Bitcoin ETFs amassed $470.48 million on Thursday, marking their fourth-day positive flow streak since October 11. <\/span>The funds have seen net inflows of over $1.85 billion this week and now boast $20.66 billion in net inflows since their launch<\/b>.\u00a0<\/span><\/p>\n On Wednesday, October 16, the cumulative inflows of BTC ETFs surpassed the $20 billion mark. Eric Balchunas, Bloomberg\u2019s senior ETF analyst, <\/span>acknowledged that gold ETFs took five years to achieve the same milestone<\/b>.<\/span><\/p>\n The positive trend also extended to the US spot Ether ETFs, which cumulatively <\/span>posted<\/span><\/a> net inflows of $48.41 million on Thursday. This value marked the funds\u2019 largest positive flows since September 27.<\/span><\/p>\n Fidelity\u2019s FETH led the positive flow, with $31.12 million in net inflows. <\/span>BlackRock\u2019s ETHA posted net inflows of $23.56 million<\/b>. <\/span>Grayscale\u2019s mini trust (ETH) raked in $5.1 million, while Ark Invest<\/a> and 21Shares\u2019 CETH posted $2.3 million in net inflows.<\/span><\/p>\n Bitwise\u2019s ETHW and Franklin Templeton\u2019s QETH recorded net inflows of $1.5 million and $500,000, respectively. <\/span>Meanwhile, Grayscale\u2019s ETHE was the only fund with negative flows of $15.74 million<\/b>.\u00a0<\/span><\/p>\n All the ETH ETFs saw a daily trade volume of $126.7 million on Thursday. The funds reflect net outflows of $481.90 million since their launch.\u00a0<\/span>The ETF markets\u2019 positive trend comes amid the bullish indications in the broader crypto market.<\/span><\/p>\n Bitcoin has reclaimed its value within the $67,000 threshold. Ether\u2019s price <\/span>hovers<\/span><\/a> around $2,627, showing a 0.89% surge over the past day.\u00a0<\/span><\/p>\n Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!<\/p>\nBitcoins US Ethereum-Based ETFs Record Positive Flows<\/b><\/h2>\n
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