Spot Bitcoin ETFs rebound with inflows, Ether ETFs extend outflows

While spot Bitcoin exchange-traded funds in the US experienced a reverse inflow on September 12 compared to the previous day, Ether ETFs experienced an outflow for the second day in a row.

According to data from SoSoValue, 12 spot Bitcoin ETFs recorded net inflows of $39.02 million, a step up from the outflows of $43.97 million recorded the previous day. ARK 21Shares’ ARKB saw the most inflows with a reported inflow of $18.3 million. This comes after the fund witnessed outflows of $54 million the previous day.

Fidelity’s FBTC followed suit with $11.5 million flowing into its fund. Notably, the ETF was the only fund to record net inflows over the four-day period, with $115.9 million coming in. Grayscale’s Bitcoin Mini Trust pulled in $5.18 million.

VanEck’s HODL, Franklin Templeton’s EZBC, and Bitwise’s BITB also saw net positive flows of $4.9 million, $3.4 million, and $2.2 million on the day, respectively.

Grayscale’s GBTC was the only Bitcoin ETF to report outflows, with $6.5 million in outflows from the fund, bringing total outflows since launch to $20.04 billion.

Meanwhile, seven other BTC ETFs, including BlackRock’s IBIT, saw no trading activity during the day. Notably, IBIT, the largest spot BTC ETF by net assets, has not seen any net inflows since Aug. 27.

The total trading volume of the 12 BTC ETFs fell to $896 million on September 12, significantly lower than the $1.27 billion seen the previous day. These funds have recorded a cumulative net inflow of $17.03 billion since their inception. At press time, Bitcoin (BTC) was trading at $57,874, according to data from crypto.news.

Meanwhile, nine US-based Spot Ethereum ETFs saw a total net outflow of $20.14 million, marking the second consecutive day of net outflows. All of the daily net outflows originated from Grayscale’s ETHE, with the remaining eight ether funds recording no inflows on Sep. 12.

Trading volume for these investment vehicles also declined, falling to $106.14 million from $126.22 million the day before. Spot Ether ETFs have seen cumulative net outflows of $582.74 million to date. At press time, Ethereum (ETH) was changing hands at $2,346.