Bitcoin exchange-traded funds (ETFs) in the U.S. are contributing to supply scarcity in the crypto market, with Farside Investors reporting $136 million in inflows on September 24. BlackRock’s IBIT ETF led the surge with $98.9 million, its largest since August 26, pushing total net inflows to over $21 billion. Fidelity’s FBTC and Bitwise’s BITB also saw notable contributions, with inflows of $16.8 million and $17.4 million, respectively.
On this day, the inflows equated to 2,132 BTC, with IBIT alone accounting for 1,548 BTC, significantly surpassing Bitcoin’s daily issuance of approximately 450 BTC. Overall, Bitcoin ETF inflows have reached $17.8 billion, highlighting sustained investor interest.
In contrast, Ether ETFs attracted $62.5 million in inflows on the same day, marking the third-largest inflow day since launch. BlackRock’s ETHA led with $59.3 million, despite a recent trend of outflows totaling $624.4 million, reflecting ongoing investor uncertainty. As of the latest data, Bitcoin is priced at $63,803, while Ether stands at $2,624, according to CoinDesk.
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