Following a rather bearish end to September, the Bitcoin spot ETFs have rediscovered their positive form, registering over $3 billion in net inflows in the first week of Q4. Notably, this bullish form coincided with an impressive price performance by Bitcoin during which the premier cryptocurrency gained by 11.35% to move to around the $122,000 price region.
Bitcoin Spot ETFs Attract Second-Highest Record Weekly Net Deposits
According to data from SoSoValue, Bitcoin Spot ETFs are back in strong form, recording $3.24 billion in net inflows at the start of October. This rebound follows the $902.5 million in net outflows during the final week of September and marks the second-largest weekly inflow since the ETFs launched in March 2024.
The week’s highest inflow came on October 3, with $985.08 million, while the lowest was seen on September 30, at $429.96 million. In analyzing each of the 12 Bitcoin spot ETFs’ performances, it was generally a widespread positive performance. BlackRock’s IBIT shone brightly with $1.82 billion in net deposits, moving its cumulative net inflow to $62.63 billion and total net assets to $96.20 billion. Meanwhile, Fidelity’s FBTC also grabbed a share of the spotlight, securing a massive $691.92 million in net inflows.
Ark/21Shares’ ARKB brought in $254.54 million, while Bitwise’s BITB added $211.86 million. Grayscale recorded similar results on both products: its BTC fund secured $87.25 million, while the converted GBTC posted $57.27 million. Notably, VanEck’s HODL followed with $65.06 million, and Invesco’s BTCO took in $35.35 million. Smaller but still positive inflows were noted for Franklin Templeton’s EZBC ($16.52 million) and Valkyrie ($4.03 million). Meanwhile, WisdomTree’s BTCW and Hashdex’s DEFI both reported no inflows for the week.
At the time of writing, the Bitcoin spot ETFs have a cumulative net inflow of $60.05 billion, while their combined total net assets are valued at $164.50 billion, representing. 6.74% of the Bitcoin market cap.
Ethereum ETFs Match Market Optimism With $1.30 Billion In Net Inflows
In other news, Ethereum Spot ETFs also shared in the Q4 market euphoria, recording $1.30 billion in aggregate inflows. Leading the charge was BlackRock’s ETHA, which continued to outperform peers with $691.66 million in net deposits. Combined, these funds now hold $30.57 billion in total net assets, representing 5.58% of Ethereum’s total market capitalization. At the time of writing, Bitcoin trades at $121,997 following a 0.31% decline in the last day. Meanwhile, Ethereum is valued at $4,477.
Featured image from Forbes, chart from Tradingview
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