Bitcoin ETFs Record Significant Inflows, Boosting Supply Scarcity
Bitcoin (BTC) exchange-traded funds (ETFs) listed in the U.S. are playing a key role in increasing supply scarcity within the crypto market. According to recent data from Farside Investors, Bitcoin ETFs saw a remarkable inflow of $136 million on September 24. This inflow significantly surpasses daily Bitcoin issuance, which currently stands at 450 BTC.
Leading the surge was BlackRock’s IBIT ETF, which recorded an impressive $98.9 million in inflows, equivalent to 1,548 BTC. This marks IBIT’s largest inflow since August 26 and brings its total net inflows to over $21 billion, solidifying its top position in the market.
Key Contributors to Bitcoin ETF Inflows
- BlackRock’s IBIT: $98.9 million inflow, equivalent to 1,548 BTC
- Fidelity’s FBTC: $16.8 million net inflow
- Bitwise’s BITB: $17.4 million net inflow
More significantly, these inflows totaled 2,132 BTC, almost five times the daily Bitcoin supply, indicating strong demand among institutional investors. Overall, Bitcoin ETF inflows have reached $17.8 billion, underscoring continued interest in these investment products.
Ethereum ETFs See Strong Rebound
On the same day, Ether (ETH) ETFs recorded $62.5 million in total inflows, marking the third-largest day for Ether ETF inflows since their launch. BlackRock’s ETHA ETF led the charge with a $59.3 million inflow, its largest since August 9. This rebound follows the largest outflows from Ether ETFs since July, highlighting the volatility within the crypto market.
Despite the strong inflows, total outflows from Ether ETFs stand at $624.4 million, reflecting broader uncertainty among investors regarding Ethereum compared to Bitcoin.
Current Market Prices
- Bitcoin (BTC): $63,803
- Ethereum (ETH): $2,624
As of press time, Bitcoin and Ethereum continue to show strong price momentum, with Bitcoin trading at $63,803 and Ethereum at $2,624, according to CoinDesk data.
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