Spot Bitcoin ETFs see massive $186.7m inflow surge, Ether ETFs face continued outflows

While net inflows into spot Bitcoin exchange-traded funds in the US increased 13-fold on September 17, spot Ether ETFs faced outflows for the second day in a row.

According to data from SoSoValue, 12 spot Bitcoin ETFs recorded net inflows of $186.76 million, 1,360% more than the $12.9 million inflow recorded the previous day. Fidelity’s FBTC led the way with $56.6 million flowing into its fund. It is noteworthy that the ETF recorded net inflows for seven consecutive days, with $279.7 million entering.

Bitwise’s BITB and ARK Invest and 21Shares’ ARKB followed with inflows of $45.4 million and $42.2 million, respectively. Additionally, VanEck’s HODL, Invesco’s BTCO and Franklin Templeton’s EZBC attracted $20.5 million, $10.2 million and $8.7 million, respectively.

WisdomTree’s BTCW saw a modest inflow of $3.2 million during the day, its first since August 27. The remaining five BTC ETFs, including BlackRock’s IBIT, saw no trading activity during the day.

Total trading volume for the 12 BTC ETFs saw a major jump to $2.27 billion on September 17, significantly higher than the $1.1 billion seen the previous day. These funds have recorded a cumulative net inflow of $17.5 billion since their inception. At the time of writing, Bitcoin (BTC) is changing hands at $60,348, up 3.2% over the past day, according to data from crypto.news.

Meanwhile, nine U.S.-based spot Ethereum ETFs experienced net outflows of $15.11 million on Sept. 17, continuing a second-day outflow streak. All daily net outflows originated from Grayscale’s ETHE, which saw $17.9 million flow through its fund.

These outflows were partially offset by the Grayscale Ethereum Mini Trust, which recorded $2.8 million in inflows on the day. The remaining seven ETH ETFs remained neutral.

Trading volume for these investment vehicles jumped to $176.2 million from $129 million seen the day before. Spot Ether ETFs have seen cumulative net outflows of $605.84 million year to date. At press time, Ethereum (ETH) was up 1.3% and was trading at $2,327.