ETFs for Bitcoin and Ethereum see inflows of more than $1 billion in a single day.
On September 12, exchange-traded funds (ETFs) for Ethereum and Bitcoin saw significant inflows totaling more than $1 billion.
The spike suggests that bitcoin bulls are back in action following a period of market turbulence.
Spot Bitcoin and Ethereum ETFs had net inflows of about $1.1 billion on Friday, according to Coinpedia.
Bitcoin ETFs witness 5th consecutive day of positive net flow
With $642 million in inflows, Bitcoin ETFs led the pack on the sixth day in a row of positive net flow.
Nearly half of that sum came from Fidelity’s Bitcoin ETF (FBTC), which brought $315 million into the fund.
In close pursuit, BlackRock’s IBIT generated an extra $265 million.
During this time, other funds like Ark & 21Shares and Bitwise’s BITB saw notable increases as well.
Total net assets surpass $150 billion
With total net assets of over $153 billion, Bitcoin ETFs had a trading volume of around $3.89 billion.
According to Coinpedia, this represents roughly 6.6% of the entire Bitcoin market capitalization.
These numbers demonstrate that both traders and institutional investors are becoming more interested in Bitcoin through regulated investment vehicles.
Ethereum spot ETFs attract $406 million inflows
With inflows of $406 million, Ethereum spot ETFs are not far behind in the race. They have had positive net flow for four days in a row.
Leading the field with $165 million and $163 million, respectively, were ETHA from BlackRock and FETH from Fidelity.
During this time, several Ethereum-focused ETFs saw gains as well, including Bitwise ETHW ($16.62 million), Grayscale ETHE ($23.84 million), and Grayscale ETH ($17.57 million).
Total net assets surpass $30 billion
Ethereum ETFs had a $2.55 billion trading volume and $30 billion in total net assets.
According to Coinpedia, this represents just over 5% of Ethereum’s overall market capitalization.
These figures show that, in light of recent changes to the global cryptocurrency landscape, institutional interest in Ethereum is increasing through regulated investment vehicles.
Disclaimer and Risk Warning
coinweck does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. coinweck should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their research before taking any actions related to the company.