Ethereum

United

Bitcoin ETF

Bitcoin

Spot

Spot Bitcoin exchange-traded funds in the United States experienced a slowdown in net inflows on Sept. 16, while spot Ether ETFs saw outflows again as bears dominated the market sentiment yesterday.
According to <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="noopener noreferrer nofollow">data </a>from SoSoValue, the 12 spot Bitcoin ETFs logged net inflows of $12.9 million, 95% lower than the <a href="https://crypto.news/bitcoin-etfs-rebound-analyst-sees-institutional-interest-breaking-septembers-bearish-trend/" target="_blank" rel="noopener noreferrer nofollow">$263 million</a> inflows recorded the previous trading day. BlackRock’s IBIT, the largest BTC ETF, led the lot again with $15.8 million in inflows after 10 days of no positive flows seen by the fund.
Fidelity’s FBTC followed with $5.1 million flowing into its fund. Notably, the ETF was the only fund to record net inflows for six straight days with $223.1 million entering it within the period. Franklin Templeton’s EZBC drew in $5 million.
VanEck’s HODL and Grayscale Bitcoin Mini Trust also saw net positive flows of $4.9 million and $2.8 million respectively on the day.
<a href="https://crypto.news/tag/grayscale/" target="_blank" rel="noopener noreferrer nofollow">Grayscale</a>’s GBTC was the sole spot Bitcoin ETF to report outflows, with $20.8 million leaving the fund, culminating in total outflows of $20.06 billion since its launch. The remaining six BTC ETFs witnessed no trading activity.
Total trading volume for the 12 BTC ETFs dropped to $1.1 billion on Sept. 16, significantly lower than the $1.82 billion seen the previous day. These funds have recorded a cumulative total net inflow of $17.31 billion since the launch date. At the time of writing, Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) was trading sideways at approximately $58,521, per data from crypto.news.
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Meanwhile, the nine U.S.-based Spot Ethereum ETFs experienced net outflows once again on Sept. 16, totaling <a href="https://sosovalue.com/assets/etf/us-eth-spot" target="_blank" rel="noopener noreferrer nofollow">$9.51 million</a> following the previous day which saw inflows. Most of the daily net outflows originated from Grayscale’s ETHE, with $13.8 million flowing out of its fund. Bitwise’s ETHW also saw $2.1 million in outflows.
These outflows were partially offset by BlackRock’s ETHA and Grayscale Ethereum Mini Trust which logged inflows of $4.2 million and $2.3 million respectively on the day.
The trading volume for these investment vehicles also decreased, dropping to $128.02 million on Sept. 16 from $147.64 million seen the previous day. The spot Ether ETFs have experienced a cumulative net outflow of $590.73 million to date. At the time of publication, Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noopener noreferrer nofollow">ETH</a>) was exchanging hands at $2,299.
Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/ethereum-price-drops-to-a-41-month-low-against-bitcoin/"> Ethereum price drops to a 41-month low against Bitcoin </a>

Spot Bitcoin ETFs maintain modest inflows, Ethereum ETFs outflows start again

crypto.news

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