Bitcoin

Ethereum

<p>The latest update about the US crypto ETFs for the 13th of September highlighted positive market trends for <a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin</a> and <a href="https://blockchainreporter.net/price-prediction/ethereum-price-prediction/" rel="noopener noreferrer nofollow">Ethereum</a> exchange-traded funds. As per Spot On Chain, a popular on-chain analytics provider, both Bitcoin and Ethereum experienced inflows on the day after witnessing a rough week with huge <a href="https://blockchainreporter.net/bitcoin-and-ethereum-etfs-see-major-outflows-as-investor-interest-wanes/" rel="noopener noreferrer nofollow">outflows</a> earlier. The analytics firm took to its official social media account to provide the details of the ETF market.</p><h2 id="header-0">Bitcoin ETFs Record a Massive $263M in Inflows on September 13</h2><p>The Bitcoin ETFs market witnessed a huge spike in inflows. In this respect, they cumulatively added $263M on the day, signifying a resilient rebound in terms of net inflow. In this respect, the $BTC ETF market has achieved its top level since the 23rd of July. Out of eleven Bitcoin ETFs, 7 recorded positive inflows with the other 4 seeing no flows at all. This indicates a substantial elevation in investor interest in the $BTC ETFs.</p><p>Fidelity (FBTC) led the Bitcoin ETFs in terms of inflows. The exchange-traded fund reportedly received a huge amount of nearly $102.1M in net inflows. Additionally, ARK 21Shares (ARKB) added $99.3M. Apart from that, Bitwise (BITB) and <a href="https://grayscale.com/" rel="noopener noreferrer nofollow">Grayscale (GBTC)</a> recorded $43.1M and $6.7M in inflows. Moreover, Franklin (EZBC) and <a href="https://www.vaneck.com/us/en/investments/bitcoin-etf-hodl/" rel="noopener noreferrer nofollow">VanEck (HODL)</a> included $5.2M and $5.1M. <a href="https://valkyrie-funds.com/brrr/" rel="noopener noreferrer nofollow">Valkyrie (BRRR)</a> emerged as the Bitcoin ETF with the lowest inflows of approximately $1.7M.</p><p>However, Ethereum lagged in terms of inflows with the inclusion of just $1.5M. Even then, this points toward a reversal from the non-positive-flow trend of the previous day. Though this highlighted a slight positive shift, it could not sufficiently counterbalance the overall outflows during the week. The $ETH ETF market went through an outflow of $12.9M in total for 4 out of 5 trading days.</p><h2 id="header-1">Ethereum’s Slight Inflows of $1.5M Still Denote a Renewed Interest among Investors</h2><p>Irrespective of the overall negative flow during the week, the inflows emerging on the 13th of September ignite hope for the Ethereum investors. The relatively minor shift concerning the $ETH ETFs, in comparison with Bitcoin ETFs, may mirror lingering uncertainty. It also may reflect a cautious approach of the $ETH investors regarding the long-term prospects. According to Spot On Chain, the positive flows could mean renewed interest, especially as Ethereum keeps evolving with a transition to PoS and an expansion in its use in smart contract and DeFi applications.</p>

Bitcoin and Ethereum ETFs Close Trading Week with Inflows

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