United

Bitcoin

Spot

Spot Bitcoin and Ethereum exchange-traded funds in the United States experienced joint net inflows to close the trading week, and both saw even larger inflows earlier in the week. However, ETH ETFs are still experiencing net outflows since launching this summer. 
According to&nbsp;data&nbsp;from <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank">SoSoValue</a>, the 12 spot Bitcoin ETFs saw net inflows of $92 million on Friday, Sept. 20, 42% lower than the $158 million inflows recorded on Sept. 19. Fidelity’s FBTC led the pack with $26.1 million in inflows, dropping from the previous day’s inflow of $49.9 million. 
ARK 21Shares’s ARKB and Bitwise’s BITB followed with $22 million and $15.1 million inflows, respectively. Additionally, Grayscale Bitcoin Mini Trust, VanEck’s HODL, and Valkyrie’s BRRR drew in $13.4 million, $7.1 million, and $5.2 million, respectively. 
Invesco’s BTCO also saw modest inflows of $3.1 million after two days of no trading activity. While the remaining five BTC ETFs witnessed no trading activity. 
Since <a href="https://crypto.news/sec-approves-spot-bitcoin-etf-on-accelerated-basis/" target="_blank">launching</a> in January, spot BTC ETFs have posted $17.7 billion in total net inflows. 
At the time of writing, spot Bitcoin (<a rel="" href="https://crypto.news/price/bitcoin/">BTC</a>)&nbsp;is trading at approximately $63,600, per data from crypto.news. 
 You might also like: <a rel="" href="https://crypto.news/bitcoin-may-suffer-a-harsh-reversal-unless-it-clears-key-hurdle/"> Bitcoin may suffer a harsh reversal unless it clears key hurdle </a> 
<h2 class="wp-block-heading" id="eth-etfs-also-ended-the-week-with-inflows">ETH ETFs also ended the week with inflows</h2> 
Similarly, the nine U.S.-based spot Ethereum ETFs also experienced net inflows on Friday, totaling $2.87 million. This also <a href="https://farside.co.uk/eth/" target="_blank">represented</a> slowed momentum from Thursday’s net inflows of $5.2 million. All of the inflows on Friday came into Grayscale’s Ethereum Mini Trust (ETH) following two days of no trading activity for that fund. Meanwhile, the remaining eight ETH ETFs saw zero trading activity on Sept. 20, as well as for most of last week. 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="2708" height="1148" src="https://crypto.news/app/uploads/2024/09/Screenshot-2024-09-23-at-11.13.09 AM.png" alt="Spot Bitcoin ETFs ended the week with $92m in inflows, ETH ETFs continue to struggle - 31" class="wp-image-14299255">
 <figcaption class="wp-element-caption">
 Grayscale’s Ethereum Mini Trust net inflows and daily trading voumes over the past 30 days | Source: <a href="https://sosovalue.com/bigChart/Etf_NYSE_ETH?title=Grayscale%20Ethereum%20Mini%20Trust(ETH)&amp;coin=ETH" target="_blank">SoSoValue</a>
 </figcaption>
</figure> 
Earlier in the week, Grayscale’s other <a href="https://crypto.news/etp-vs-etf-which-one-fits-your-crypto-investment-plan/" target="_blank">ETP</a>, Ethereum Trust (ETHE), continued to see major outflows, as investors evidently moved a portion of the funds into Grayscales lower-fee product, the Mini Trust. 
The spot Ether ETFs have experienced a cumulative net outflow of $607.47 million to date since their <a href="https://crypto.news/ethereum-etfs-get-final-approval-trading-to-start-tuesday/" target="_blank">launch</a> in July. At the time of publication, spot Ethereum&nbsp;(<a rel="" href="https://crypto.news/price/ethereum/">ETH</a>)&nbsp;is up <a href="https://crypto.news/ethereum-surged-15-in-7-days-despite-whale-sell-off/" target="_blank">almost 15% on the week</a>, trading around $2,646. 
Also on Friday, Sept. 20, the U.S. Securities and Exchange Commission <a href="https://crypto.news/sec-options-trading-blackrock-ishares-bitcoin-trust/" target="_blank">granted approval</a> for Nasdaq to list and trade options with BlackRock’s Bitcoin ETF, IBIT, as the underlying. 
According to the SEC filing, the IBIT options will be physically settled in Bitcoin. Nasdaq highlighted that the ETF options will be subject to the exchange’s listing standards. 
As crypto.news previously reported, although the product still needs approval from the OCC and CFTC before trading, ETF analysts saw it as a “huge win” because they believe it will attract more liquidity and institutional investment into crypto. 
 Read more: <a rel="" href="https://crypto.news/sec-options-trading-blackrock-ishares-bitcoin-trust/"> SEC greenlights options trading for BlackRock’s iShares Bitcoin trust </a>

Spot Bitcoin ETFs ended the week with $92m in inflows, ETH ETFs continue to struggle

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