Spot Bitcoin ETFs ended the week with $92m in inflows, ETH ETFs continue to struggle

Spot Bitcoin and Ethereum exchange-traded funds in the U.S. experienced common net inflows to close out the trading week, with both seeing even larger inflows earlier in the week. However, ETH ETFs are still experiencing net outflows since their launch this summer.

According to data from SoSoValue, 12 spot Bitcoin ETFs saw net inflows of $92 million on Friday, September 20. This figure is 42% lower than the $158 million inflow recorded on September 19. Fidelity’s FBTC topped the list with $26.1 million inflows, down from $49.9 million the previous day.

ARK 21Shares’ ARKB and Bitwise’s BITB followed with inflows of $22 million and $15.1 million, respectively. Additionally, Grayscale Bitcoin Mini Trust, VanEck’s HODL, and Valkyrie’s BRRR attracted $13.4 million, $7.1 million, and $5.2 million, respectively.

Invesco’s BTCO also saw modest inflows of $3.1 million after two days of no trading activity, while the remaining five BTC ETFs saw no trading activity.

Since their launch in January, spot BTC ETFs have recorded a total of $17.7 billion in net inflows.

At press time, spot Bitcoin (BTC) was trading at around $63,600, according to data from crypto.news.

ETH ETFs also closed the week with inflows

Similarly, nine U.S.-based spot Ethereum ETFs saw net inflows totaling $2.87 million on Friday. This also represented a slowing momentum from Thursday’s net inflows of $5.2 million. All of Friday’s inflows came after two days of no trading activity for Grayscale’s Ethereum Mini Trust (ETH). Meanwhile, the remaining eight ETH ETFs saw zero trading activity on September 20 and for most of last week.

Grayscale’s Ethereum Mini Trust net inflows and daily trading volumes over the last 30 days | Source: SoSoValue

Earlier in the week, Grayscale’s other ETP, the Ethereum Trust (ETHE), continued to see large outflows as investors moved some of their funds into Grayscale’s low-fee product, the Mini Trust.

Spot Ether ETFs have seen a total of $607.47 million in net outflows since their launch in July. At the time of publication, spot Ethereum (ETH) was trading around $2,646, up about 15% on the week.

Separately, the U.S. Securities and Exchange Commission on Friday, September 20, approved Nasdaq to list and trade options based on BlackRock’s Bitcoin ETF IBIT.

According to the SEC filing, IBIT options will be physically settled in Bitcoin. Nasdaq emphasized that ETF options will be subject to the exchange’s listing standards.

As Crypto.news previously reported, although the product still needs to receive approval from the OCC and CFTC before it can trade, ETF analysts viewed this as a “big win” because they believe it will attract more liquidity and institutional investment into crypto.