On September 12, US Bitcoin ETFs saw inflows following the previous day's outflows, while Ether ETFs continue to experience outflows for the second consecutive day.
Bitcoin ETF Inflows
According to data from SoSoValue, the 12 spot Bitcoin ETFs logged net inflows of $39.02 million on September 12, a reversal from the $43.97 million in outflows recorded the previous day. ARK 21Shares’ ARKB led the lot with reported inflows of $18.3 million. This comes after the fund witnessed outflows of $54 million the day before. Fidelity’s FBTC followed with $11.5 million flowing into its fund. Notably, the ETF was the only fund to record net inflows for four consecutive days with $115.9 million entering it. Grayscale’s Bitcoin Mini Trust drew in $5.18 million.
Ether ETF Outflows
Meanwhile, the nine US-based spot Ether ETFs experienced net outflows totaling $20.14 million, marking their second consecutive day of net outflows. All of the daily net outflows originated from Grayscale’s ETHE, with the remaining eight Ether funds recording no flows on September 12.
Total Trading Volume
Total trading volume for the 12 BTC ETFs dropped to $896 million on September 12, significantly lower than the $1.27 billion seen the previous day. These funds have recorded a cumulative total net inflow of $17.03 billion since inception. At the time of writing, Bitcoin (BTC) was trading at $57,874, per data from crypto.news. Meanwhile, trading volume for these investment vehicles also decreased, dropping to $106.14 million from $126.22 million the previous day. The spot Ether ETFs have experienced a cumulative net outflow of $582.74 million to date. At the time of publication, Ethereum (ETH) was exchanging hands at $2,346.
Bitcoin ETFs in the US show a trend of increasing funds, while Ether ETFs continue to show outflows. Investors continue to monitor the dynamics of the cryptocurrency market and changes in trading volumes.
Comments