The US market for Bitcoin ETFs saw significant inflows on September 17, while Ether ETFs continued to experience outflows.
Bitcoin ETFs Inflows
According to SoSoValue, 12 Bitcoin ETFs logged net inflows of $186.76 million, 1360% higher than the $12.9 million recorded the previous day.
Top Performing Funds by Inflows
Fidelity’s FBTC led the charge with $56.6 million inflows, maintaining positive inflows for seven consecutive days, adding up to $279.7 million. Bitwise's BITB and ARK Invest with 21Shares ARKB followed with $45.4 million and $42.2 million inflows respectively. Other funds like 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, marking its first inflows since August 27.
Ether ETFs Situation
While Bitcoin funds showed growth, nine US-based Ether ETFs experienced a net outflow of $15.11 million. All daily outflows originated from Grayscale’s ETHE, which saw $17.9 million flowing out. These outflows were partially offset by the Grayscale Ethereum Mini Trust, which logged inflows of $2.8 million.
Total trading volume for Bitcoin ETFs leapt to $2.27 billion on September 17, while Ether ETFs saw a cumulative net outflow of $605.84 million. Bitcoin rose by 3.2%, trading at $60,348, and Ether increased by 1.3%, reaching $2,327.
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