On the 20th of September, the US spot ETF market has remained green with both Bitcoin and Ethereum exchange-traded funds seeing inflows.
On Friday, September 20, both Bitcoin and Ethereum exchange-traded funds saw inflows into the US spot ETF market, as reported by Spot On Chain, an on-chain analytics firm. While Bitcoin ETFs recorded a net inflow of $92 million, Ethereum ETFs saw just $2.9 million in inflows with no outflows.
According to Spot On Chain's recent posts, the inclusion of $99M in Bitcoin ETFs indicates a substantial inflow. Notably, seven out of 11 Bitcoin ETFs recorded inflows, while the remaining four saw no flows at all. In terms of individual inflows, Fidelity (FBTC) led the way with an addition of $26.1 million.
Moreover, ARK 21Shares (ARKB) saw an inflow of $22M. Bitwise (BITB) recorded inflows of $15.1M. Grayscale Mini (BTC) saw an inflow of $13.4M. Additionally, VanEck (HODL) recorded inflows of $7.1M. Valkyrie (BRRR) saw an inflow of $5.2M in net inflows. Finally, Invesco (BTCO) saw the least inflows with an addition of just $3.1M. With this $92M, the total weekly inflows into Bitcoin ETFs have reached an impressive $397M, spanning four out of five trading days throughout the week.
On the other hand, Ethereum ETFs recorded a lower amount of inflows. The cumulative inflows into Ethereum ETFs on September 21 stood at just $2.9M. In this regard, only one out of nine Ethereum ETFs recorded inflows. Grayscale Mini (ETH) saw an inflow of $2.9M, while none of the other ETFs saw any inflows at all.
In a broader perspective, Ethereum ETFs had a difficult week. Cumulatively, $26.2M flowed out of Ethereum ETFs in weekly outflows. Only two out of the five trading days during the seven-day period saw inflows, indicating cautious behavior among investors.
Overall, the massive inflows into Bitcoin ETFs indicate sustained investor interest in the leading crypto asset. However, despite Ethereum's strong presence in the DeFi sector and increasing adoption, the recent outflows could be attributed to market competition and heightened regulatory scrutiny.
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