🌎 Bitcoin ETFs Witness 13-Fold Surge in Net Inflows

Spot Bitcoin Exchange-Traded Funds (ETFs) in the U.S. Experience Significant Surge

On September 17, spot Bitcoin exchange-traded funds (ETFs) in the United States witnessed a remarkable 13-fold surge in net inflows, while spot Ether ETFs faced outflows for the second consecutive day.

Bitcoin ETFs See Substantial Inflows

According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded net inflows of $186.76 million, a staggering 1360% increase compared to the $12.9 million logged on the previous day. Leading the pack was Fidelity’s FBTC, which attracted $56.6 million. This ETF has seen net inflows for seven consecutive days, accumulating $279.7 million.

Other notable inflows included Bitwise’s BITB and ARK Invest and 21Shares’ ARKB, which garnered $45.4 million and $42.2 million, respectively. Additionally, VanEck’s HODL, Invesco’s BTCO, and Franklin Templeton’s EZBC drew in $20.5 million, $10.2 million, and $8.7 million, respectively.

WisdomTree’s BTCW saw a modest inflow of $3.2 million, marking its first inflows since August 27. However, the remaining five BTC ETFs, including BlackRock’s IBIT, witnessed no trading activity on the day.

Total trading volume for the 12 BTC ETFs surged to $2.27 billion on September 17, significantly higher than the $1.1 billion recorded the previous day. These funds have accumulated a total net inflow of $17.5 billion since their inception. At the time of writing, Bitcoin was up 3.2% over the past day, trading at $60,348.

Ether ETFs Face Continued Outflows

In contrast, the nine U.S.-based spot Ethereum ETFs experienced net outflows of $15.11 million on September 17, continuing their second-day outflow streak. The entirety of these outflows originated from Grayscale’s ETHE, with $17.9 million flowing out of its fund.

These outflows were partially offset by the Grayscale Ethereum Mini Trust, which logged inflows of $2.8 million on the same day. The remaining seven ETH ETFs remained neutral.

The trading volume for these investment vehicles increased to $176.2 million from the $129 million seen the previous day. To date, the spot Ether ETFs have experienced a cumulative net outflow of $605.84 million. At the time of publication, Ethereum saw a 1.3% rise, trading at $2,327.