Bitcoin Receives $117 Million in ETF Inflows, Ethereum ETF Continues to Drip

This article is machine translated
Show original

On September 10, data showed that Bitcoin ETF activity varied across major issuers. Fidelity’s ETF (FBTC) led the way with an impressive $63.2 million in inflows. Ark’s ETF (ARKB) came in second, attracting $12.7 million. Grayscale’s mini Bitcoin ETF saw significant inflows of $41.1 million.

In contrast, other major issuers such as Grayscale (GBTC), BlackRock (IBIT), Bitwise (BITB), Invesco (BTCO), Franklin (EZBC), Valkyrie (BRRR), VanEck (HODL), and WisdomTree (BTCW) all had no trading activity, reporting zero cash flows. Total Bitcoin ETF inflows for the day reached $117 million, driven primarily by contributions from Fidelity and Ark. Grayscale, while not changing its Bitcoin holdings, still holds the lion’s share of the market for Bitcoin ETFs. These inflows reflect selective but steady institutional interest, with some ETFs receiving increased attention as investors adjust their Bitcoin allocation strategies.

On Tuesday, the 12 Bitcoin ETFs recorded a daily volume of $712.27 million, significantly lower than the typical $1 billion to $2 billion. This was also the third-lowest daily volume for spot Bitcoin ETFs, the lowest since February 6. Since their launch, Bitcoin funds have accumulated a total of $17.04 billion in net inflows.

Inflows into Ethereum ETFs were muted on the day, with only two major funds posting gains. Fidelity’s ETF (FETH) led the way with $7.1 million in inflows, while BlackRock’s ETF (ETHA) followed with $4.3 million.

Other ETFs like Bitwise (ETHW), 21Shares ( CETH ), VanEck ( ETHV ), Invesco ( QETH ), Franklin ( EZET ), and Grayscale funds ( ETHE and ETH) were all inactive, with zero inflows.

In total, Ethereum ETFs saw $11.4 million in inflows on the day. The increase in cap suggests that institutional investors are taking a cautious approach, with only a few funds attracting new inflows while others remain stagnant.

Against this backdrop, Bitcoin price has fallen 0.53% in the past 24 hours, trading around $56,500, while Ether price has fallen 0.61% to $2,323. Crypto markets have seen little movement this morning as the first presidential debate between Kamala Harris and Donald Trump takes place.

Join Telegram: https://t.me/tapchibitcoinvn

Follow Twitter (X): https://twitter.com/tapchibtc_io

Follow Tiktok: https://www.tiktok.com/@tapchibitcoin

Stone Sanh

According to Bitcoin Magazine

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments