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.
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.
