Spot Bitcoin ETFs in the US recorded net inflows again on September 17th. According to SoSoValue data, a total net inflow of approximately $159.45 million was recorded into these investment instruments. Thus, Bitcoin ETFs saw positive fund flows again after a one-day hiatus.
The largest inflow of the day occurred in BlackRock’s IBIT fund, with a net inflow of $183.66 million. Fidelity’s FBTC fund saw a net outflow of $16.64 million, while VanEck’s HODL fund experienced a net outflow of $7.57 million. Taking into account movements in other ETFs, the overall net inflow across the sector was $159.45 million.
In contrast to the positive inflows from Bitcoin ETFs, net outflows continued in US spot Ethereum ETFs. According to data from Farside Investors and SoSoValue, approximately $39.24 million was withdrawn from Ethereum ETFs on September 17th. This marked the third consecutive trading day of net outflows from the portfolio.
The largest outflow in Ethereum ETFs was seen in BlackRock’s ETHA fund, with a net outflow of $42.86 million. In contrast, Fidelity’s FETH fund saw a net inflow of $1.83 million, and VanEck’s ETHV fund experienced a net inflow of $1.79 million.
The data showed that fund flows into Bitcoin and Ethereum investment products diverged on the same day. While Bitcoin ETFs saw positive inflows, the continued outflows from Ethereum ETFs indicate that investors are managing their positions in investment products based on these two major crypto assets differently.
ETF flows are among the indicators closely watched by the market to track the demand for crypto assets from institutional and professional investors.
*This is not investment advice.
