- Bitcoin ETF Inflows on September 20
- Ethereum ETFs See Inflows Amid Weekly Outflows
- Overall Market Review and Analysis of Crypto ETFs
On September 20, the US spot ETF market remained positive with inflows into Bitcoin and Ethereum ETFs. According to Spot On Chain, a prominent on-chain analytics firm, Bitcoin ETFs recorded net inflows of $92 million, while Ethereum ETFs saw inflows of $2.9 million without any outflows.
Bitcoin ETF Inflows on September 20
In its recent X posts, Spot On Chain mentioned that the inclusion of $99M in Bitcoin ETFs shows significant inflows. Seven out of 11 Bitcoin ETFs saw inflows, while the remaining four had no flows. Individual inflows included $26.1 million from Fidelity ($FBTC), $22 million from ARK 21Shares ($ARKB), $15.1 million from Bitwise ($BITB), $13.4 million from Grayscale Mini ($BTC), $7.1 million from VanEck ($HODL), $5.2 million from Valkyrie ($BRRR), and $3.1 million from Invesco ($BTCO). The total weekly inflows for Bitcoin ETFs reached $397 million, accounting for four out of five trading days throughout the week.
Ethereum ETFs See Inflows Amid Weekly Outflows
On the other hand, Ethereum ETF inflows were significantly lower. The cumulative inflows for Ethereum ETFs were just $2.9 million on September 21, with only one out of nine ETFs recording inflows – Grayscale Mini ($ETH) with $2.9 million. The other ETFs saw no flows. Over the week, Ethereum ETFs experienced outflows totaling $26.2 million, with inflows occurring on just two out of five trading days.
Overall Market Review and Analysis of Crypto ETFs
The massive inflows into Bitcoin ETFs signal continued investor interest in the principal crypto asset. Despite Ethereum's resilient presence in the decentralized finance (DeFi) sector and its growing adoption, recent outflows could be attributed to market competition and increased regulatory scrutiny.
The inflow data for Bitcoin and Ethereum ETFs highlights different levels of investor interest in these assets. While Bitcoin continues to attract significant funds, Ethereum faces weekly outflows, possibly due to various external factors.
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