This increase was noted as spot Ether ETFs also changed direction, returning to net positive inflows. Data from SoSoValue revealed that 12 spot Bitcoin ETFs recorded a combined net inflow of $135.95 million on September 24.

This marks the fourth consecutive day of positive inflows. A total of over $390.7 million has flowed into these funds over the last four days.

The largest Bitcoin ETF leading this rise was BlackRock’s IBIT. IBIT recorded a net inflow of $98.9 million that day, achieving positive inflows for the second consecutive year. This increased the fund’s total net inflow to $21.03 billion.

Following BlackRock, Bitwise’s BITB recorded an inflow of $17.4 million, while Fidelity’s FBTC followed with $16.8 million. Grayscale Bitcoin Mini Trust received an inflow of $2.9 million.

The remaining eight BTC ETFs remained neutral on the day and did not record any inflows or outflows. These ETFs include Grayscale’s GBTC. Grayscale’s GBTC did not see any significant movement on September 24, despite remaining a prominent spot among spot Bitcoin ETFs.

The trading volume of spot Bitcoin ETFs increased significantly on September 24. The transaction volume of these funds increased from $949.72 million recorded the previous day to $1.11 billion. Thus, more transaction volume took place in the market.

Total net inflows of spot Bitcoin ETFs have reached $17.83 billion since their launch. On the same day, Bitcoin gained 1.6% and was trading at $64,196 at press time.

On the other hand, nine US-based spot Ethereum ETFs also experienced a remarkable turnaround. On September 24, these ETFs recorded net inflows of $62.5 million, demonstrating positive movement as opposed to the net negative flows seen the previous day.

The bulk of these inflows were headed towards BlackRock’s ETHA, which witnessed a capital inflow of $59.3 million. BlackRock continues to hold a leading position in both Bitcoin and Ether ETFs.

However, VanEck’s ETHV and Invesco’s QETH also recorded more modest inflows of $1.9 million and $1.3 million, respectively. The remaining ETH ETFs showed no trading activity on September 24 and remained neutral.

The total trading volume of Ethereum ETFs also increased significantly on the same day. The transaction volume, which was $167.35 million, increased to $180.42 million on September 24. However, spot Ether ETFs have experienced a total net outflow of $624.17 million to date.

These outflows indicate a slight decline in the funds’ Ethereum assets. At the time the news was published, the value of Ethereum was at $2,623.

These flows between Bitcoin and Ethereum ETFs indicate that markets are increasing interest in these two digital assets. Large players such as BlackRock are attracting more capital in the ETF market, increasing investors’ confidence in cryptocurrencies.

The positive movements and increase in trading volume observed in Bitcoin ETFs may be an indicator of the general upward trend in crypto markets.