Spot Bitcoin exchange-traded funds in the U.S. saw a 13-fold surge in net inflows on Sept. 17, while spot Ether ETFs faced outflows for the second consecutive day.
According to data from SoSoValue, the 12 spot Bitcoin ETFs logged net inflows of $186.76 million, 1360% higher than the $12.9 million inflows recorded the previous day. Fidelity’s FBTC led the charge with $56.6 million flowing into its fund. Notably, the ETF recorded net inflows for seven consecutive days, with $279.7 million entering it.
Bitwise’s BITB and ARK Invest and 21Shares’ ARKB followed with $45.4 million and $42.2 million inflows, 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 on the day, marking its first inflows since Aug. 27. The remaining five BTC ETFs, including BlackRock’s IBIT, witnessed no trading activity on the day.
Total trading volume for the 12 BTC ETFs saw a giant leap to $2.27 billion on Sept. 17, significantly higher than the $1.1 billion seen the previous day. These funds have recorded a cumulative total net inflow of $17.5 billion since inception. At the time of writing, Bitcoin (BTC) was up 3.2% over the past day, exchanging hands at $60,348, according to data from crypto.news.
Meanwhile, the nine U.S.-based spot Ethereum ETFs experienced net outflows of $15.11 million on Sept. 17, continuing their second-day outflow streak. The entire daily net 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 day. The remaining seven ETH ETFs remained neutral.
The trading volume for these investment vehicles jumped to $176.2 million from the $129 million seen the previous day. The spot Ether ETFs have experienced a cumulative net outflow of $605.84 million to date. At the time of publication, Ethereum (ETH) saw a 1.3% rise, trading at $2,327.
From: crypto.news
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