The Bitcoin ETFs seem to be back enjoying the attention of US investors in the month of September, as seen with some significant performances over the past two weeks. The past week was particularly impressive, as the Bitcoin funds recorded no single outflow day.
Bitwise Bitcoin ETF (BITB) with a $29.16 million net inflow and ARK 21Shares Bitcoin ETF (ARKB) with a $19.37 million net inflow also added value in double digits on Friday. Grayscale Bitcoin Mini Trust (BTC) and VanEck Bitcoin ETF (HODL) were the only Bitcoin ETFs that recorded any activity, with $5.69 million and $8.24 million, respectively, on the day.
As inferred earlier, Friday’s $642-million performance was only the latest in a line of strong performances by the US-based Bitcoin ETFs. The latest market data shows that the BTC exchange-traded funds added $2.34 billion in value over the past week.
This past week’s performance represents the first time that the Bitcoin ETFs would be crossing the billion-dollar mark on the inflow chart. Also, the BTC-linked investment products outperformed the US Ethereum ETF market, which closed the week with a net weekly inflow of $637.69.
