CryptoETHBitcoin ETFs Drive Supply Scarcity Amid Significant Inflows

Bitcoin ETFs Drive Supply Scarcity Amid Significant Inflows

Bitcoin exchange-traded funds (ETFs) in the U.S. are contributing to supply scarcity in the crypto market, with Farside Investors reporting $136 million in inflows on September 24. BlackRock’s IBIT ETF led the surge with $98.9 million, its largest since August 26, pushing total net inflows to over $21 billion. Fidelity’s FBTC and Bitwise’s BITB also saw notable contributions, with inflows of $16.8 million and $17.4 million, respectively.

On this day, the inflows equated to 2,132 BTC, with IBIT alone accounting for 1,548 BTC, significantly surpassing Bitcoin’s daily issuance of approximately 450 BTC. Overall, Bitcoin ETF inflows have reached $17.8 billion, highlighting sustained investor interest.

In contrast, Ether ETFs attracted $62.5 million in inflows on the same day, marking the third-largest inflow day since launch. BlackRock’s ETHA led with $59.3 million, despite a recent trend of outflows totaling $624.4 million, reflecting ongoing investor uncertainty. As of the latest data, Bitcoin is priced at $63,803, while Ether stands at $2,624, according to CoinDesk.

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Andrew
Andrew
Self-taught investor with over 5 years of financial trading experience Author of numerous articles for hedge funds with over $5 billion in cumulative AUM and Worked with several global financial institutions. After finding success using his financial acumen to build an investment portfolio, Andrew began writing and editing articles about the cryptocurrency space for sites such as chaincryptocoins.com, ensuring readers were kept up to date on hot topics such as Bitcoin and The latest news on digital currencies and Ethereum.

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