Bitcoin ETFs Gain Momentum with $253.54M Daily Inflow, Total Assets Now $58.66B

• Bitcoin ETFs received a total daily inflow of $253.54 million, boosting net assets to $58.66 billion.
• iShares Bitcoin Trust leads the ETF market with $23.30 billion in net assets and a +4.54% price change.
• Grayscale Bitcoin Trust saw a one-day outflow of $22.09 million, while Fidelity’s ETF received $117.10 million in inflows.

In a recent Bitcoin ETF market update in inflow, cumulative inflow, net assets, and daily trading values of Bitcoin-related financial instruments, as of October 11 indicates that the total daily net inflow across all instruments reached $253.54 million, and the cumulative total net inflow amounts to $18.81 billion. 

According to SoSoValue, the total value traded for that day was $2.06 billion. The total net assets across all funds are $58.66 billion, representing 4.71% of Bitcoin’s market capitalization.

Several Bitcoin-related ETFs (exchange-traded funds) and trust products are listed in the table, sorted by net assets. The iShares Bitcoin Trust (IBIT) holds the highest net assets, valued at $23.30 billion, with a market price of $37.57 and a daily change of +4.54%. 

Source: SoSoValue

The product has a cumulative net inflow of $21.70 billion, showing 0% inflow for the day. Grayscale’s Bitcoin Trust (GBTC) follows with net assets of $13.85 billion, a daily price change of +4.40%, and a significant 1-day net outflow of $22.09 million. GBTC’s cumulative net inflow is -$20.19 billion.

Fidelity’s Bitcoin Trust (FBTC) shows positive inflows of $117.10 million for the day and holds $11.35 billion in net assets. The market price for FBTC increased by +4.44% to $57.68. The ARK Bitcoin ETF (ARKB) displays daily inflows of $97.58 million, net assets of $3.01 billion, and a +4.44% daily price increase.

 Similarly, Bitwise Bitcoin Fund (BITB) reported daily inflows of $38.81 million, with net assets of $2.49 billion and a +4.48% daily price change. VanEck’s HODL ETF has net assets of $764.93 million and saw a daily inflow of $14.26 million, with its price rising by +4.56%. 

Valkyrie’s Bitcoin Strategy ETF (BRRR) reported no daily inflow, holding $532.92 million in net assets, with a +4.44% price change. Other listed ETFs, including offerings from Invesco, Franklin, and Wisdomtree, also show positive inflows and daily price increases, reflecting bullish market movements.