Bitcoin ETFs Surge with $99M Inflows, Ethereum Sees Modest $2.9M
On September 20, Bitcoin and Ethereum ETFs saw notable inflows. Bitcoin ETFs led the way with $92 million in net inflows, while Ethereum ETFs brought in $2.9 million, with no outflows reported.
Bitcoin ETFs Shine
Spot On Chain reported $99 million in inflows across 11 Bitcoin ETFs, with Fidelity’s ETF ($FBTC) leading at $26.1 million. Total weekly Bitcoin ETF inflows hit $397 million, showing strong investor confidence.
Ethereum ETFs Lag
Ethereum ETFs saw modest inflows of $2.9 million, but $26.2 million in outflows over the week reflects a more cautious market approach.
Conclusion
Bitcoin ETFs show robust growth, while Ethereum faces challenges amidst market competition and regulatory scrutiny.
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