US Bitcoin ETFs See $158M Inflows Amid Bitcoin Price Surge

• Among yesterday’s inflows, Ark Invest and 21Shares’ ARKB received $81.07 million.
• U.S bitcoin funds have had a net inflow of $17.60 billion since their start in January.

Prior to Thursday’s net inflow of $158.21 million, spot bitcoin exchange-traded funds in the US had a net outflow of $52 million. Among yesterday’s inflows, Ark Invest and 21Shares’ ARKB received $81.07 million, the most, according to SoSoValue statistics. Net inflows of $49.88 million were recorded by Fidelity’s FBTC, while Bitwise’s BITB had positive flows of $10.36 million.

Thursday witnessed $9.54 million inflows into Grayscale’s Bitcoin Mini Trust and $7.35 million into EZBC, run by Franklin Templeton. Even though seven funds had no transactions at all for the day, no money left any of the twelve bitcoin ETFs.

U.S bitcoin funds have had a net inflow of $17.60 billion since their start in January. And on Thursday, that amount was $1.44 billion in total daily transaction activity. Net inflows of $5.24 million were recorded by spot ether ETFs yesterday. With all of that money coming from BlackRock’s ETHA fund. Thursday was a dry day for the other eight funds.

Positive Momentum

Total daily trading volume for the ether funds increased to $250.84 million from $221.88 million on Wednesday. A total of $610.35 million has been lost by U.S. Ethereum ETFs since their inception in July, according to statistics from SoSoValue.

At the time of writing, the price of Bitcoin was $63,338 as per data from CMC. Following a recent low of around $52,800 on September 6, the value of the biggest cryptocurrency in the world has been increasing in recent weeks due to good macroeconomic signs.

As of right now, the price of bitcoin is challenging the 200-day simple moving average (SMA) on the daily chart, indicating a robust short-term rising trend.

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