Bitcoin, Ethereum ETFs rake in over $1 billion as institutional demand grows

Bitcoin and Ethereum spot ETFs recorded a combined $1.048 billion in net inflows on Sept. 12, marking one of the strongest single-day institutional demand periods since the products launched.

Bitcoin (BTC) ETFs led the charge with $642.35 million in daily inflows and have pushed cumulative net inflows to $56.83 billion. Ethereum (ETH) ETFs contributed $405.55 million, bringing their total net inflows to $13.36 billion.

Ethereum ETFs show a strong recovery pattern

Ethereum ETFs have shown a turnaround in investor sentiment during the week ending September 12.

After recording $787.74 million in outflows the previous week, the funds attracted $637.69 million in weekly inflows.

The swing from outflows to significant inflows within one week shows volatile but ultimately positive institutional sentiment toward Ethereum.

The $405.55 million single-day inflow on Sept. 12 is one of the strongest daily performances since the Ethereum ETF launches.

Weekly data shows the institutional buying momentum building over time. Bitcoin ETFs attracted $2.34 billion in net inflows for the week ending September 12, with total value traded reaching $16.65 billion. This is a strong recovery from the previous week’s more modest $246.42 million in inflows.

Technical levels point to more upside

The ETF inflows align with bullish technical developments across both assets. Analyst Ted noted that Ethereum’s reclaim of $4,700 sets up a test of $4,880 resistance, with new all-time highs possible if that level breaks.

The analyst also mentioned that a failure to breach this key resistance could cause a market correction.

BitBull highlighted Bitcoin’s reclaim of its eight-year trendline and called it a strong technical signal.

The analyst noted Bitcoin lost this level last month, but bulls have now closed a strong candle above it. This suggests the momentum is building for a new all-time high within two to three weeks.