Bitcoin has not had the best year so far. The King of crypto has seen a lot of trouble since the year began, from significant price drops to massive sell-offs. While there have also been some good times for Bitcoin, the highlights were ironically the low points. However, as the year draws to an end, Bitcoin seems intent on finishing strong, as it has started an incredible comeback.

More: Bitcoin Fear & Greed Index to Highest in 3 Years at 90

September 26 was a good day for Bitcoin, as the world’s most valuable cryptocurrency broke above the $65,000 mark during late trading that day. According to data from Farside Investors, the Fear and Greed Index shifted from neutral to greed as US-listed spot Bitcoin ETFs saw over $360 million in inflows to US-listed spot Bitcoin ETFs.

This super ETF inflow was the single daily largest for spot Bitcoin ETFs since July 2, when inflows of $486 million were recorded. But while this latest inflow is not as high as the July 22 record, it’s no small feat. It’s also the sixth consecutive trading day of inflows for these institutional investment products. 

Many of the spot ETFs recorded impressive numbers in the inflow boom. The ARK 21 Shares Bitcoin ETF was the biggest winner, with an inflow of $113.8 million. BlackRock’s iShares Bitcoin Trust followed closely with $93.4 million. 

But there are also more winners. The Fidelity Wise Origin Bitcoin Fund won big with inflows of $74 million; the Bitwise Bitcoin ETF also recorded $50.4 million; and VanEck’s Bitcoin ETF also got $22.1 million in inflows.

Even the minor ETFs recorded positive inflows. Invesco received a modest $6.5 million, Franklin ETFs received $45.7 million, and Valkyrie ETFs recorded $4.6 million.

The only ETF that recorded an outflow during that period was the Grayscale Bitcoin Trust, which saw a $7.7 million outflow, setting the ETF’s total outflow to $20.1 billion ever since it was converted to a spot ETF back in January.

With this recent record of inflows, the aggregate inflow for all 11 spot ETFs combined adds up to $18.3 billion since they were approved. It’s certainly an impressive feat, and even Nate Geraci, the president of the ETF Store, had good things to say about the inflows. 

Geraci, providing context to how impressive the recent numbers were, revealed in an X post that out of 500 ETFs that all launched this year, less than 25 have taken this amount throughout the year. 

Eric Balchunas, a Bloomberg ETF analyst, also commented in a September 25 X post that ETFs are “92% of the way to owning 1 million Bitcoin and 83% of the way to passing Satoshi as the top holder.”

BTC spot ETFs have largely improved over the past two weeks following the Fed's interest rate cut, gaining almost 13%. Ethereum ETFs, on the other hand, are not doing quite as well. Data revealed by Farside Investors show that just nine funds recorded an outflow of $100,000 on September 26.

Bitcoin Price Predictions -Demand Vs Supply Suggests Bulls May Take Control SOON | HODL FM
Onchain insights hint at Bitcoin’s next move. Will bulls or bears…
hodl-post-imageHODL FM: The Wildest Ride in the Crypto MarketRichard Adrian
hodl-post-image

Disclaimer: All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website, HODL FM is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort, HODL FM strongly recommends contacting a qualified industry professional.