Spot Bitcoin ETFs rebound with inflows, Ether ETFs extend outflows
Spot Bitcoin exchange-traded funds in the U.S. experienced inflows on Sept. 12, a reversal from the previous day, while Ether ETFs saw their second consecutive day of outflows.
According to data from SoSoValue, the 12 spot Bitcoin ETFs logged net inflows of $39.02 million, a flip 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 straight days with $115.9 million entering it. Grayscale’s Bitcoin Mini Trust drew in $5.18 million.
VanEck’s HODL, Franklin Templeton’s EZBC and Bitwise’s BITB also saw net positive flows of $4.9 million, $3.4 million and $2.2 million respectively on the day.
Grayscale’s GBTC was the sole spot bitcoin ETF to report outflows, with $6.5 million leaving the fund, culminating in total outflows of $20.04 billion since its launch.
Meanwhile, the other seven BTC ETFs, including BlackRock‘s IBIT, witnessed no trading activity on the day. Notably, IBIT, which is the largest spot BTC ETF by net assets, has not experienced any net inflows since Aug. 27.
Total trading volume for the 12 BTC ETFs dropped to $896 million on Sept. 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, the nine U.S.-based Spot Ethereum ETFs experienced net outflows totalling $20.14 million, marking their second successive 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 Sept. 12.
The 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.
