Ethereum

bullish

Bitcoin

Fund flow into Bitcoin (BTC) linked exchange-traded funds (ETFs) suggests US investors are bullish on the crypto. On Thursday alone, they poured $365 million into spot Bitcoin ETFs, pushing this week’s total over $600 million. Ethereum (ETH) linked ETFs also recorded positive flow this week, the first in a long time. 
The funds that flowed into <a href="https://www.cryptopolitan.com/u-s-spot-bitcoin-etfs-net-inflows-105-84-m/">BTC ETFs</a> helped the digital asset reclaim the pivotal $65,000 level with a jump of around 2% in the last 24 hours. Ether has also held up at the $2,600 zone, looking for a breakout to breach $2,700. 
<h3 id="span-style-font-weight-400-365m-poured-into-bitcoin-etfs-span">$365M poured into Bitcoin ETFs</h3> 
As per the <a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="nofollow noopener" target="_blank">data shared</a> by SoSoValue, Bitcoin spot ETFs posted a total net inflow of $365.57 million on September 26. This marks 6 consecutive days of net inflow for these ETFs, which last reported a negative outflow of $52.83 million on September 18 when it broke a 4-day streak. 
The $365 million inflow marks a two-month high for spot Bitcoin ETFs, and it was majorly driven by ARK 21Shares’ ARKB which attracted $113.8 million yesterday. BlackRock’s IBIT also saw an inflow of $93.38 million. 
Meanwhile, Grayscale’s GBTC is still losing value. It posted an outflow of $7.7 million which stood out as the only fund with a red index. 
<figure id="attachment_593431" aria-describedby="caption-attachment-593431" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-593431 size-full" src="https://www.cryptopolitan.com/wp-content/uploads/2024/09/BTC-ETF-27-SEP.jpg" alt="$365M poured into Bitcoin ETFs" width="606" height="311" srcset="https://www.cryptopolitan.com/wp-content/uploads/2024/09/BTC-ETF-27-SEP.jpg 606w, https://www.cryptopolitan.com/wp-content/uploads/2024/09/BTC-ETF-27-SEP-300x154.jpg 300w" sizes="(max-width: 606px) 100vw, 606px">
 <figcaption id="caption-attachment-593431" class="wp-caption-text">
 Source: SoSoValue
 </figcaption>
</figure> 
Bitcoin ETFs have now amassed a cumulative inflow of $611 million for the week with Friday trading session number expected to be available on September 28. 
Overall, it has been a good month for these funds. The week that ended September 13 saw $403 million of inflow, while the week that ended September 20 recorded $397 million. 
<a href="https://www.cryptopolitan.com/bitcoin-price-prediction/">Bitcoin price</a> is up by over 9% in the last 30 days. BTC is trading at an average price of $65,787 as of press time. 
<h3 id="span-style-font-weight-400-ether-etfs-set-for-breakthrough-span">Ether ETFs set for breakthrough?</h3> 
<a href="https://www.cryptopolitan.com/ether-liquidity-drops-on-exchanges-post-etf/">Ether-linked ETFs</a> are looking to get on track. The current week can turn out to be a breakthrough period for these investment funds. So far, this week has seen a positive inflow of $25.86 million, pending the release of Friday trading data. 
<figure id="attachment_593433" aria-describedby="caption-attachment-593433" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-593433 size-full" src="https://www.cryptopolitan.com/wp-content/uploads/2024/09/eth-etf-27-sep.jpg" alt="" width="589" height="290" srcset="https://www.cryptopolitan.com/wp-content/uploads/2024/09/eth-etf-27-sep.jpg 589w, https://www.cryptopolitan.com/wp-content/uploads/2024/09/eth-etf-27-sep-300x148.jpg 300w" sizes="(max-width: 589px) 100vw, 589px">
 <figcaption id="caption-attachment-593433" class="wp-caption-text">
 Source: SoSoValue
 </figcaption>
</figure> 
The last six weeks have been a trying period for ETH investors as the crypto has printed major red indexes throughout that period. On September 26, the total net outflow of Ether ETFs stood at $675,500. 
Grayscale’s ETHE had an outflow of $36 million, while Fidelity’s FETH had an inflow of $15.92 million, and BlackRock’s ETHA had an inflow of $14.85. Grayscale’s ETH ETF still looks to be stuck with a lot of selling pressure. 
Ether price has seen a surge of over 5% in the last 30 days. ETH is trading at an average price of $2,659 as of press time.

Bitcoin ETFs pull in $365M as ETH posts gains; Are crypto ETFs back?

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