Bitcoin ETFs Post Largest Inflows Since July, Ethereum ETFs Bag $1.5M

• U.S. Bitcoin ETFs command $54.31 billion in net assets, or 4.59% of BTC’s market cap.
• Grayscale’s primary BTC and ETH funds have seen a combined $22.76 billion in net outflows.
• The Grayscale mini BTC and mini ETH funds have a combined inflow of just $637.43 million.

U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) are in the green, with BTC funds recording their largest day of inflows since late July.

Bitcoin ETFs

As per SoSoValue, Bitcoin ETFs are back on form  with a significant net inflow of $263.07 million on Sept. 13, marking the largest day of inflows since July 22.

Leading the pack, Fidelity’s Wise Origin Bitcoin Fund (FBTC) saw $102.09 million in net inflows, marking day 5 of the funds’ very own inflow streak. FBTC has seen $9.64 billion in cumulative net inflows, making it the second-best performing fund under BlackRock’s $20.91 billion BTC ETF.

The ARK 21Shares Bitcoin ETF (ARKB) also saw solid inflows, bagging $99.27 million, the largest it has recorded since mid-July. Just behind is the Bitwise Bitcoin ETF (BITB), which posted $43.06 million, bringing its cumulative total back up to $2 billion after a brief period of outflows.

As for the smaller gainers, the Grayscale Bitcoin Trust (GBTC) posted its first day of inflows since July 19, netting a cool $6.66 million. The Franklin Templeton BTC ETF (EZBC) netted $5.21 million, and the VanEck Bitcoin ETF (HODL) gained $5.08 million.

Finally, the Valkyrie Bitcoin Fund (BRRR) added a humble $1.7 million to its fund.

Ethereum ETFs

Looking at Ethereum ETFs, data from SoSoValue shows a majority  of funds had neutral flows, but they did post $1.52 million in net inflows for Sept. 13—a rare sight.

The Bitwise Ethereum ETF (ETHW) had a rare day of positive inflows, netting $5.21 million, the largest the fund has recorded since the beginning of Aug.

The only other gainer for the day was BlackRock’s iShares Ethereum Trust (ETHA), which posted a humble $3.67 million in net inflows amid a period of relative inactivity for the top-performing ETH ETF fund.

With this, ETHA has now seen $1.03 billion in cumulative net inflows, more than double that of its nearest competitor, Fidelity.

There was just one fund posting negative flows, the Grayscale Ethereum Trust (ETHE), which shed $7.36 million in net outflows.

This brings its cumulative net outflow to a tough $2.72 billion, leaving just $4.21 billion in the fund. At this pace, ETHE could be depleted by this time next year as it has not seen a single day of net inflows since launching.

About the Author

Eddie Mitchell

Eddie has been writing news and content primarily for crypto news and industry players over the past seven years. With an eye for the bigger picture, Eddie prefers to investigate the broader implications of a story, as well as explore the weird and wonderful world of crypto. He believes blockchain has already changed the world, but observes the space overall with a skeptical and adoring eye.

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