🌎 Bitcoin ETFs See Major Inflow Drop While Ethereum ETFs Face Outflows

Spot Bitcoin exchange-traded funds (ETFs) in the United States experienced a slowdown in net inflows on September 16, while spot Ether ETFs saw outflows again as bearish sentiment dominated the market.

Bitcoin ETF Performance

According to recent data, the 12 spot Bitcoin ETFs logged net inflows of $12.9 million, a significant drop of 95% compared to the $263 million recorded the previous trading day. BlackRock’s IBIT, the largest BTC ETF, led with $15.8 million in inflows after a 10-day hiatus of no positive flows.

Fidelity’s FBTC followed with $5.1 million in inflows, marking the only fund to record net inflows for six consecutive days, totaling $223.1 million during this period. Franklin Templeton’s EZBC attracted $5 million, while VanEck’s HODL and Grayscale Bitcoin Mini Trust recorded net positive flows of $4.9 million and $2.8 million, respectively.

However, Grayscale’s GBTC was the sole spot Bitcoin ETF to report outflows, with $20.8 million leaving the fund. This brings the total outflows to $20.06 billion since its inception. The remaining six BTC ETFs saw no trading activity on the day.

The total trading volume for the 12 BTC ETFs fell to $1.1 billion on September 16, a notable decrease from the $1.82 billion seen the previous day. These funds have cumulatively recorded a net inflow of $17.31 billion since their launch. At the time of writing, Bitcoin (BTC) was trading sideways at approximately $58,521.

Ethereum ETF Performance

Meanwhile, the nine U.S.-based Spot Ethereum ETFs experienced net outflows once again on September 16, totaling $9.51 million following a day of inflows. The majority of these outflows came from Grayscale’s ETHE, with $13.8 million exiting the fund. Bitwise’s ETHW also saw $2.1 million in outflows.

These outflows were partially offset by BlackRock’s ETHA and Grayscale Ethereum Mini Trust, which logged inflows of $4.2 million and $2.3 million, respectively.

The trading volume for these Ethereum investment vehicles also decreased, dropping to $128.02 million on September 16 from $147.64 million the previous day. The spot Ether ETFs have experienced a cumulative net outflow of $590.73 million to date. At the time of publication, Ethereum was trading at $2,299.