Spot Bitcoin ETFs maintain modest inflows, Ethereum ETFs outflows start again

While net inflows slowed down in spot Bitcoin exchange-traded funds in the US on September 16, outflows were seen again in spot Ether ETFs yesterday as bears dominated market sentiment.

According to data from SoSoValue, 12 spot Bitcoin ETFs recorded net inflows of $12.9 million, 95% lower than the $263 million inflow recorded the previous trading day. BlackRock’s IBIT, the largest BTC ETF, led the way again with $15.8 million inflows after 10 days of no positive flows from the fund.

Fidelity’s FBTC followed suit, with $5.1 million flowing into its fund. Notably, the ETF became the only fund to record six consecutive days of net inflows, with $223.1 million coming in during the period. Franklin Templeton’s EZBC pulled in $5 million.

VanEck’s HODL and Grayscale Bitcoin Mini Trust also saw net positive flows of $4.9 million and $2.8 million, respectively.

Grayscale’s GBTC was the only Bitcoin ETF to report outflows, with $20.8 million exiting the fund for a total of $20.06 billion since launch. The remaining six BTC ETFs saw no trading activity.

The total trading volume of the 12 BTC ETFs fell to $1.1 billion on September 16, significantly lower than the $1.82 billion seen the previous day. These funds have recorded cumulative net inflows of $17.31 billion since launch. At press time, Bitcoin (BTC) was trading sideways at around $58,521, according to data from crypto.news.

Meanwhile, nine US-based Spot Ethereum ETFs experienced net outflows once again on September 16, totaling $9.51 million after inflows were seen the previous day. Grayscale’s ETHE accounted for most of the daily net outflows, with $13.8 million exiting its fund. Bitwise’s ETHW also saw $2.1 million in outflows.

These outflows were partially offset by BlackRock’s ETHA and Grayscale Ethereum Mini Trust recording inflows of $4.2 million and $2.3 million, respectively.

Trading volume for these investment vehicles also declined, falling to $128.02 million on September 16 from $147.64 million seen the previous day. Spot Ether ETFs have seen cumulative net outflows of $590.73 million to date. At press time, Ethereum (ETH) was changing hands at $2,299.