Spot Bitcoin and Ethereum exchange-traded funds in the United States experienced joint net inflows to close the trading week, and both saw even larger inflows earlier in the week. However, ETH ETFs are still experiencing net outflows since launching this summer.
According to data from SoSoValue, the 12 spot Bitcoin ETFs saw net inflows of $92 million on Friday, Sept. 20, 42% lower than the $158 million inflows recorded on Sept. 19. Fidelityâs FBTC led the pack with $26.1 million in inflows, dropping from the previous dayâs inflow of $49.9 million.
ARK 21Sharesâs ARKB and Bitwiseâs BITB followed with $22 million and $15.1 million inflows, respectively. Additionally, Grayscale Bitcoin Mini Trust, VanEckâs HODL, and Valkyrieâs BRRR drew in $13.4 million, $7.1 million, and $5.2 million, respectively.
Invescoâs BTCO also saw modest inflows of $3.1 million after two days of no trading activity. While the remaining five BTC ETFs witnessed no trading activity.
Since launching in January, spot BTC ETFs have posted $17.7 billion in total net inflows.
At the time of writing, spot Bitcoin (BTC)Â is trading at approximately $63,600, per data from crypto.news.
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ETH ETFs also ended the week with inflows
Similarly, the nine U.S.-based spot Ethereum ETFs also experienced net inflows on Friday, totaling $2.87 million. This also represented slowed momentum from Thursdayâs net inflows of $5.2 million. All of the inflows on Friday came into Grayscaleâs Ethereum Mini Trust (ETH) following two days of no trading activity for that fund. Meanwhile, the remaining eight ETH ETFs saw zero trading activity on Sept. 20, as well as for most of last week.
Grayscaleâs Ethereum Mini Trust net inflows and daily trading voumes over the past 30 days | Source: SoSoValue
Earlier in the week, Grayscaleâs other ETP, Ethereum Trust (ETHE), continued to see major outflows, as investors evidently moved a portion of the funds into Grayscales lower-fee product, the Mini Trust.
The spot Ether ETFs have experienced a cumulative net outflow of $607.47 million to date since their launch in July. At the time of publication, spot Ethereum (ETH) is up almost 15% on the week, trading around $2,646.
Also on Friday, Sept. 20, the U.S. Securities and Exchange Commission granted approval for Nasdaq to list and trade options with BlackRockâs Bitcoin ETF, IBIT, as the underlying.
According to the SEC filing, the IBIT options will be physically settled in Bitcoin. Nasdaq highlighted that the ETF options will be subject to the exchangeâs listing standards.
As crypto.news previously reported, although the product still needs approval from the OCC and CFTC before trading, ETF analysts saw it as a âhuge winâ because they believe it will attract more liquidity and institutional investment into crypto.
Read more: SEC greenlights options trading for BlackRockâs iShares Bitcoin trust