1. Introduction
2. Major ETF Inflows and Outflows
3. Ethereum Market and Future Prospects

On September 9, United States-based spot Bitcoin exchange-traded funds (ETFs) registered a net inflow of $28.6 million, reversing an eight-day streak of outflows.

Introduction

United States-based spot Bitcoin exchange-traded funds (ETFs) recorded a net inflow of $28.6 million on September 9, ending an eight-day period of continuous outflows. Several prominent funds highlighted significant capital inflows.

Major ETF Inflows and Outflows

Despite experiencing its third-ever day of net outflows, BlackRock’s iShares Bitcoin Trust (IBIT) saw a decrease of $9.1 million, marking its smallest outflow to date, with previous larger outflows recorded on May 1 ($36.9 million) and August 29 ($13.5 million), according to data from Farside Investors. The Fidelity Wise Origin Bitcoin Fund (FBTC) led the day with substantial inflows, garnering $28.6 million. Other funds like the Bitwise Bitcoin ETF (BITB) and ARK 21Shares Bitcoin ETF (ARKB) also saw significant positive movements, with inflows of $22 million and $6.8 million respectively. Additionally, the Invesco Galaxy Bitcoin ETF (BTCO) reported an inflow of $3.1 million. This turnaround followed a challenging period from August 27 to September 6, during which approximately $1.2 billion exited these ETFs.

Ethereum Market and Future Prospects

In contrast to the Bitcoin market, spot Ether ETFs continue to face challenges, with a net outflow of $5.2 million on September 9, marking seven days without any new inflows. BlackRock and Fidelity’s Ether products have seen inflows of $1 billion and $405.4 million respectively, while Bitwise and the Grayscale Ethereum Trust (ETHE) continue to navigate significant outflows.

Overall, BlackRock continues to dominate the spot Bitcoin ETF market with a total of $20.9 billion in net inflows, outpacing other providers like Fidelity and ARK 21Shares, which have amassed $9.45 billion and $2.28 billion in inflows respectively. Across all funds, total net inflows have reached $16.93 billion, despite more than $20 billion in outflows from the Grayscale Bitcoin Trust (GBTC).