Bitcoin ETFs Remove Nearly Five Times Daily Supply as Ethereum ETFs See Strong Rebound
Summary
Bitcoin ETFs in the U.S. are contributing to supply scarcity, with $136 million in inflows on Sept. 24. BlackRock's IBIT ETF led with $98.9 million, bringing its total net inflows to over $21 billion. Other significant inflows included Fidelity's FBTC at $16.8 million and Bitwise's BITB at $17.4 million. These inflows equate to 2,132 BTC, nearly five times the daily mined supply. Total bitcoin ETF inflows have reached $17.8 billion. Ether ETFs saw $62.5 million in inflows, led by BlackRock's ETHA with $59.3 million, despite total ether ETF outflows of $624.4 million. Bitcoin trades at $63,803, and ether at $2,624.
