Daily News 19

Tag: Fidelity FBTC

  • Positive Trend Continues for US Spot Bitcoin and Ethereum ETFs, Latest Data Shows

    Positive Trend Continues for US Spot Bitcoin and Ethereum ETFs, Latest Data Shows

    Key Highlights

    • U.S. spot Bitcoin ETFs posted a sixth straight day of net inflows on September 24, totaling approximately $190.7 million, led by BlackRock’s IBIT with $162.6 million.
    • Spot Ether ETFs extended their winning streak to five consecutive sessions, attracting roughly $66.1 million in net inflows, with BlackRock’s ETHA ($26.8M) and Fidelity’s FETH ($21.5M) pacing the category.
    • While most Bitcoin funds saw inflows, WisdomTree’s BTCW recorded a $4 million net outflow, highlighting divergent investor preferences within the product lineup.

    Bitcoin ETF Momentum Extends to Six Sessions as BlackRock Dominates Flows

    U.S. spot Bitcoin exchange-traded funds maintained their upward trajectory on September 24, marking the sixth consecutive trading session of positive net capital inflows. According to data compiled by SoSoValue, the cohort of Bitcoin investment products attracted approximately $190.7 million in combined net inflows during the session. The momentum underscores sustained institutional and retail appetite for regulated Bitcoin exposure amid a constructive macro backdrop for digital assets.

    BlackRock’s iShares Bitcoin Trust (IBIT) continued to function as the primary conduit for new capital, capturing $162.6 million of the day’s total — representing roughly 85% of aggregate inflows across all spot Bitcoin ETFs. The fund’s dominance reflects its first-mover advantage, deep liquidity profile, and widespread adoption across advisory platforms. Trailing significantly behind, Fidelity’s Wise Origin Bitcoin Fund (FBTC) recorded $12.9 million in net subscriptions, while Morgan Stanley’s Bitcoin Trust (MSBT) added $10.2 million. Franklin Templeton’s Digital Holdings Trust (EZBC) and Bitwise’s Bitcoin ETF (BITB) rounded out the positive contributors with $4.9 million and $4.1 million, respectively.

    WisdomTree BTCW Bucks Trend With Modest Outflow

    Not every fund participated in the rally. WisdomTree’s Bitcoin Fund (BTCW) registered a net outflow of $4 million, the sole negative print among Bitcoin ETFs on the day. The divergence suggests investors are discriminating based on factors such as expense ratios, custodial arrangements, or distribution reach. Despite the single-fund redemption, the category’s overall net flow remained firmly in positive territory, reinforcing the broader accumulation narrative.

    Ether ETFs Build on Momentum With Fifth Straight Day of Inflows

    A parallel trend emerged in the spot Ether ETF complex, where net inflows reached approximately $66.1 million on September 24 — extending the positive streak to five consecutive trading sessions. BlackRock’s iShares Ethereum Trust (ETHA) led the category with $26.8 million in net creations, followed closely by Fidelity’s Ethereum Fund (FETH) at $21.5 million. Grayscale’s Mini Ethereum Trust (ETHE), the lower-fee successor to the firm’s legacy Grayscale Ethereum Trust, continued to attract capital with a $17.8 million net inflow, signaling successful migration of assets from its higher-cost predecessor.

    The synchronized inflows across both Bitcoin and Ether vehicles indicate broadening demand for diversified crypto exposure within traditional portfolio frameworks. Market participants note that the dual-asset momentum coincides with improved regulatory clarity, evolving institutional custody infrastructure, and growing advisor comfort with digital asset allocations.

    Why This Matters

    The six-day Bitcoin ETF inflow streak and five-day Ether ETF streak represent the longest sustained periods of simultaneous positive flows since the products launched earlier this year. This consistency suggests the initial post-launch volatility has given way to a more structural demand phase, where allocators treat spot crypto ETFs as core portfolio building blocks rather than tactical trades. BlackRock’s outsized share of flows across both asset classes highlights the asset manager’s distribution advantage and the trust advisors place in its brand. Meanwhile, Grayscale’s Mini ETHE success demonstrates that fee competition can recapture assets even from entrenched incumbents. Going forward, market observers will monitor whether inflows persist during periods of price consolidation or if they remain tightly correlated with bullish price action. The next inflection point may come from options approvals on spot ETFs, which could unlock additional institutional strategies and deepen liquidity.

    Frequently Asked Questions

    Which spot Bitcoin ETF attracted the most capital on September 24?

    BlackRock’s iShares Bitcoin Trust (IBIT) led all spot Bitcoin ETFs with a net inflow of $162.6 million on September 24, accounting for the vast majority of the category’s $190.7 million total.

    How many consecutive days of inflows have spot Ether ETFs recorded?

    Spot Ether ETFs posted net inflows for the fifth consecutive trading session on September 24, with total inflows of approximately $66.1 million on that day.

    Did any spot Bitcoin ETFs see outflows on September 24?

    Yes. WisdomTree’s Bitcoin Fund (BTCW) recorded a net outflow of $4 million, making it the only spot Bitcoin ETF with negative flows for the session.

  • Spot Bitcoin ETFs Attract Nearly $1 Billion Monday, Marking 9th Largest Inflow Ever

    Spot Bitcoin ETFs Attract Nearly $1 Billion Monday, Marking 9th Largest Inflow Ever

    Key Highlights

    • U.S. spot Bitcoin ETFs recorded a $998.95 million net inflow on Monday, the largest single-day haul since October 6, 2025, when Bitcoin traded near its all-time high of $126,200.
    • BlackRock’s IBIT led the surge with $381.37 million, followed by Ark’s ARKB ($289.12 million) and Fidelity’s FBTC ($238.84 million), marking the ninth-largest inflow day since the funds launched in January 2024.
    • The three-day winning streak lifts month-to-date inflows to $1.31 billion, extending August’s $3.52 billion pace and signaling sustained institutional conviction despite macroeconomic headwinds.

    Record-Breaking Inflow Signals Institutional Conviction

    U.S.-listed spot Bitcoin exchange-traded funds posted a staggering $998.95 million in net inflows on Monday, according to data from SoSoValue, marking the most significant single-day capital allocation since October 6, 2025. That date coincides with Bitcoin’s previous all-time high of approximately $126,200, a level the asset has yet to reclaim. Monday’s haul also ranks as the ninth-largest daily inflow since the ETF suite debuted on January 11, 2024, underscoring the magnitude of institutional appetite returning to the digital asset space.

    BlackRock, Ark, and Fidelity Lead the Charge

    The inflow was broad-based but heavily concentrated among the market’s dominant issuers. BlackRock’s iShares Bitcoin Trust (IBIT) captured $381.37 million, maintaining its position as the primary vehicle for institutional exposure. Ark Invest’s ARKB attracted $289.12 million, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) drew $238.84 million. The combined strength across these three funds alone accounted for more than $900 million of the day’s total, reflecting a flight to liquidity and brand recognition among large allocators.

    Three-Day Streak Defies Legislative and Monetary Headwinds

    Monday’s print extends a three-day streak of positive flows—the first such run in two weeks—and arrives at a pivotal juncture. The cryptocurrency market recently absorbed a dual shock: a failed Senate cloture vote on the Clarity Act, which would have established a regulatory framework for digital assets, and a Federal Reserve interest-rate increase that typically pressures risk assets. Despite these headwinds, the persistent buying pressure suggests institutions are looking past near-term policy uncertainty and focusing on Bitcoin’s long-term portfolio role as a non-sovereign store of value.

    Monthly Momentum Builds on August’s Historic Pace

    The latest surge pushes month-to-date net inflows to $1.31 billion, building directly on August’s record-setting $3.52 billion tally. That two-month cumulative figure exceeds $4.8 billion, a pace that rivals the initial launch frenzy earlier this year. Analysts interpret the sustained flow data as evidence that allocators—ranging from registered investment advisors to hedge funds and corporate treasuries—are treating Bitcoin exposure as a strategic allocation rather than a tactical trade, even as fiscal debt concerns mount across advanced economies.

    Why This Matters

    The resilience of ETF flows amid legislative gridlock and restrictive monetary policy marks a maturation of the Bitcoin investment thesis. With the Clarity Act stalled, regulatory clarity remains elusive, yet capital continues to flow into the regulated ETF wrapper—a sign that institutions are comfortable navigating the current framework. The Fed’s rate hike cycle, while a traditional negative for non-yielding assets, has not deterred buyers, suggesting Bitcoin’s narrative as an inflation hedge and diversification tool is gaining traction in portfolio construction models. Upcoming catalysts include the next Federal Open Market Committee meeting, potential lame-duck session movement on crypto legislation, and the fourth-quarter rebalancing window that could amplify institutional positioning.

    Frequently Asked Questions

    Which Bitcoin ETFs saw the largest inflows on Monday?

    BlackRock’s IBIT led with $381.37 million, followed by Ark’s ARKB at $289.12 million and Fidelity’s FBTC at $238.84 million. These three funds accounted for the vast majority of the $998.95 million total net inflow.

    How does Monday’s inflow compare to historical levels?

    It was the largest single-day net inflow since October 6, 2025—the day Bitcoin hit its all-time high near $126,200—and ranks as the ninth-largest inflow day since the ETFs launched on January 11, 2024.

    What does the current flow trend suggest about institutional sentiment?

    The three-day winning streak and month-to-date total of $1.31 billion—following August’s $3.52 billion—indicate that institutions are maintaining conviction in Bitcoin despite the failed Clarity Act vote, a Fed rate hike, and broader fiscal debt concerns.

  • Bitcoin ETFs Record $450M Outflow, Biggest Since June

    Bitcoin ETFs Record $450M Outflow, Biggest Since June

    Spot Bitcoin ETFs See Largest Outflows Since June as Senate Crypto Bill Stalls

    U.S.-listed spot Bitcoin exchange-traded funds recorded their most significant day of net outflows since late June on Tuesday, reversing the previous day’s inflows after a major cryptocurrency legislative effort stalled in the Senate.

    Net Outflows Top $450 Million

    The 13 U.S.-listed funds saw a net $450.4 million outflow on Tuesday, according to data from Farside Investors. This follows a $159.9 million net inflow on Monday. The single-day withdrawal marks the largest since June 24, when the funds lost $469 million amid a broader technology stock sell-off that pressured risk assets.

    Fund-by-Fund Breakdown

    Fidelity’s FBTC led the outflows, shedding $214.8 million. The BlackRock iShares Bitcoin Trust followed with $161.7 million in withdrawals. Other notable outflows included:

    • Grayscale Bitcoin Trust ETF (GBTC): $44.1 million
    • ARK 21Shares Bitcoin ETF (ARKB): $17.4 million
    • Bitwise Bitcoin ETF (BITB): $12.4 million

    Bitcoin Price Reacts

    At the time of writing, Bitcoin is trading at $75,700, representing a 2.5% decline over the last 24 hours, according to CoinMarketCap data. The price movement coincides with the ETF flow reversal and the legislative setback in Washington.

    Legislative Context

    The sharp reversal in fund flows comes as a major crypto market structure bill stalled in the U.S. Senate, removing a near-term catalyst that had supported positive sentiment around regulated crypto investment products.

  • Bitcoin ETFs End 9-Day Inflow Streak With $202 Million Outflow as Ether ETFs Gain $102 Million

    Bitcoin ETFs End 9-Day Inflow Streak With $202 Million Outflow as Ether ETFs Gain $102 Million

    Bitcoin ETFs End Nine-Day Inflow Streak

    U.S. spot bitcoin exchange-traded funds (ETFs) ended a nine-session run of daily inflows on August 28, recording approximately $202 million in net outflows. The streak began on August 17 and had attracted roughly $3.04 billion before breaking.

    The nine-day inflow period pushed total bitcoin ETF assets beyond a milestone that few expected to arrive so quickly. Bitcoin.com News reported that the funds surpassed $100 billion in net assets on August 27. BlackRock’s iShares Bitcoin Trust (IBIT) led that day with $277.6 million in inflows, while Fidelity’s FBTC recorded $83.6 million in outflows and Grayscale’s GBTC lost another $27.2 million.

    Bitcoin ETFs have experienced sharp moves in both directions this year. In May, the same group of funds recorded a then-record nine-day outflow streak, losing approximately $2.8 billion as bitcoin’s price fell from about $80,000 to $73,000.

    Spot Ether ETFs Extend Buying Streak

    Spot ether ETFs moved in the opposite direction on August 28, attracting $102 million and extending their own inflow streak to 10 consecutive sessions.

    Ether ETFs have also benefited from strong demand earlier in August, when the category recorded $2.6 billion in inflows during its strongest week since October. BlackRock’s ETHA accounted for much of the activity and helped triple the sector’s typical trading volume.

    Ether’s price has broadly followed bitcoin’s performance, even as the two cryptocurrency ETF markets have briefly moved in different directions.

    Bitcoin Price Holds Near $77,500

    The bitcoin ETF outflows came at a notable point for the cryptocurrency market. Bitcoin opened August 28 at $80,261.86 before falling to its current level of approximately $77,500.

    Bitcoin is up only 1% over the past week, making a single day of ETF selling appear more consistent with profit-taking than panic selling. The market was also preparing for the expiration of roughly $6.4 billion in Deribit options that Friday.

    One negative session does not erase the previous $3 billion inflow run. ETF investors will be watching the next session’s data to determine whether the outflows were a temporary setback or the beginning of a longer trend. Spot ether ETFs, meanwhile, enter the new week with their 10-day inflow streak intact.

    Source: cryptonews.net