Spot Bitcoin exchange-traded funds (ETFs) in the U.S. saw a positive turnaround on Sept. 12, with net inflows, reversing the previous day’s outflows. Meanwhile, Ether ETFs continued their streak of outflows for the second consecutive day. 📉
📊 Spot Bitcoin ETFs
According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $39.02 million in net inflows 💰, a significant shift from the $43.97 million outflows logged the previous day. Leading the way was ARK 21Shares’ ARKB, which brought in $18.3 million. This marked a reversal after the fund experienced $54 million in outflows just the day before.
Fidelity’s FBTC followed closely with $11.5 million flowing into the fund. 🏆 Notably, this ETF has been on a winning streak, recording net inflows for four consecutive days, with a total of $115.9 million during this period. Grayscale’s Bitcoin Mini Trust also benefited, drawing in $5.18 million.
Other funds, like VanEck’s HODL, Franklin Templeton’s EZBC, and Bitwise’s BITB, recorded positive net flows of $4.9 million, $3.4 million, and $2.2 million respectively.
However, not all Bitcoin ETFs were winners. Grayscale’s GBTC was the only spot Bitcoin ETF to report outflows, with $6.5 million leaving the fund, contributing to total outflows of $20.04 billion since its inception. 😬
Meanwhile, the other seven Bitcoin ETFs, including BlackRock’s IBIT (the largest spot BTC ETF by net assets), reported no trading activity on the day. 📉 IBIT has not seen any net inflows since August 27.
Total trading volume for the 12 BTC ETFs dropped significantly to $896 million on Sept. 12, down from $1.27 billion the day prior. Overall, these funds have amassed a cumulative total net inflow of $17.03 billion since their launch. 🪙 At the time of writing, Bitcoin was trading at $57,874, according to crypto.news. 📈
📉 Ether ETFs Struggle
On the other hand, the nine U.S.-based spot Ethereum ETFs experienced continued challenges, with net outflows totaling $20.14 million, marking the second day in a row of negative movement.
All of these outflows originated from Grayscale’s ETHE, while the remaining eight ether funds showed no significant activity. 📊
Trading volume for these funds also saw a drop, falling to $106.14 million from $126.22 million the previous day. The cumulative net outflows for Ether ETFs now stand at $582.74 million since their inception. 🔻 As of publication, Ethereum was trading at $2,346
