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Spot Bitcoin exchange-traded funds in the U.S. saw a significant jump in net positive flows while spot Ether ETFs also logged net inflows ending their five-day outflow streak. 
According to <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank">data </a>from SoSoValue, the 12 spot Bitcoin ETFs logged inflows of $116.96 million on Sep. 10, a surge of over four times compared to the<a href="https://crypto.news/spot-bitcoin-etfs-end-8-day-outflows-streak-ether-etfs-lose-5-2m/" target="_blank"> $37.29 million</a> inflows recorded the previous day. 
The positive inflows into these ETFs on these two days follow <a href="https://crypto.news/bitcoin-etfs-see-706m-in-outflows-blackrock-and-wisdomtree-buck-trend/" target="_blank">eight consecutive days of outflows</a>, which reduced their total assets under management by more than $1.18 billion. 
<a href="https://crypto.news/tag/fidelity/" target="_blank">Fideliy</a>’s FBTC led the lot for the second consecutive day with the fund witnessing inflows of $63.2 million on Sep. 10. Grayscale Bitcoin Mini Trust and ARK 21Shares’s ARKB followed with reported inflows of $41.1 million and $12.7 million respectively. The remaining nine Bitcoin ETFs remained neutral. 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="1772" height="297" src="https://crypto.news/app/uploads/2024/09/Screenshot-2024-09-11-120606.png" alt="Spot Bitcoin ETFs record four-fold inflow spike, Ether ETFs recover from outflows - 16" class="wp-image-14297167">
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 Spot Bitcoin ETFs inflow/outflow | Source:&nbsp;<a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank">SoSoValue</a>
 </figcaption>
</figure> 
Interestingly, none of the BTC ETFs recorded any outflows on the day — a scenario not seen <a href="https://crypto.news/bitcoin-hits-66k-as-bitcoin-etfs-witness-record-422-5m-inflows/" target="_blank">since July 16</a>. 
Total daily trading volume for the 12 spot Bitcoin ETFs dropped to $712.25 million on Sep. 10, down 56% from $1.61 billion the previous day. At the time of writing, Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank">BTC</a>) was down 1% over the past day, trading at $56,276 per data from crypto.news. 
 You might also like: <a rel="" href="https://crypto.news/bitwise-bitcoin-price-may-see-a-significant-rally-soon/"> Bitwise: Bitcoin price may see a ‘significant rally’ soon </a> 
Meanwhile, the nine-spot Ethereum ETFs logged net inflows of <a href="https://sosovalue.com/assets/etf/us-eth-spot" target="_blank">$11.4 million</a> on Sep. 10 marking an end to five consecutive days of net negative flows. Fidelity’s FETH led these inflows, which saw $7.1 million enter the fund. Additional inflows were recorded by BlackRock’s ETHA with the reported inflow of $4.3 million. The remaining seven ETH ETFs saw no flows on the day. 
These investment vehicles have also seen their daily trading volume drop to $102.87 million on Sep. 10, a drop over the previous day. The spot Ether ETFs have experienced a cumulative net outflow of $562.06 million to date. At the time of publication, Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank">ETH</a>) was also down 0.8%, exchanging hands at $2,326. 
Despite the recent inflows into these ETFs, recent developments suggest a general waning of institutional interest in Ethereum-based products. VanEck recently <a href="https://crypto.news/vaneck-to-close-ethereum-futures-etf-by-late-september/" target="_blank">announced </a>closing its Ethereum Strategy ETF after less than a year while WisdomTree <a href="https://www.sec.gov/Archives/edgar/data/1864519/000121465924016199/wte95241rw.htm" target="_blank">withdrew its application</a> for a spot Ethereum ETF with the U.S. Securities and Exchange Commission. 
 Read more: <a rel="" href="https://crypto.news/stablecoin-inflows-surge-investors-rush-to-buy-bitcoin-altcoins/"> Stablecoin inflows surge, investors rush to buy Bitcoin, altcoins </a>

Spot Bitcoin ETFs record four-fold inflow spike, Ether ETFs recover from outflows

crypto.news

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