The latest update about the US crypto ETFs for the 13th of September highlighted positive market trends for Bitcoin and Ethereum exchange-traded funds. As per Spot On Chain, a popular on-chain analytics provider, both Bitcoin and Ethereum experienced inflows on the day after witnessing a rough week with huge outflows earlier. The analytics firm took to its official social media account to provide the details of the ETF market.
Bitcoin ETFs Record a Massive $263M in Inflows on September 13
The Bitcoin ETFs market witnessed a huge spike in inflows. In this respect, they cumulatively added $263M on the day, signifying a resilient rebound in terms of net inflow. In this respect, the $BTC ETF market has achieved its top level since the 23rd of July. Out of eleven Bitcoin ETFs, 7 recorded positive inflows with the other 4 seeing no flows at all. This indicates a substantial elevation in investor interest in the $BTC ETFs.
Fidelity (FBTC) led the Bitcoin ETFs in terms of inflows. The exchange-traded fund reportedly received a huge amount of nearly $102.1M in net inflows. Additionally, ARK 21Shares (ARKB) added $99.3M. Apart from that, Bitwise (BITB) and Grayscale (GBTC) recorded $43.1M and $6.7M in inflows. Moreover, Franklin (EZBC) and VanEck (HODL) included $5.2M and $5.1M. Valkyrie (BRRR) emerged as the Bitcoin ETF with the lowest inflows of approximately $1.7M.
However, Ethereum lagged in terms of inflows with the inclusion of just $1.5M. Even then, this points toward a reversal from the non-positive-flow trend of the previous day. Though this highlighted a slight positive shift, it could not sufficiently counterbalance the overall outflows during the week. The $ETH ETF market went through an outflow of $12.9M in total for 4 out of 5 trading days.
Ethereum’s Slight Inflows of $1.5M Still Denote a Renewed Interest among Investors
Irrespective of the overall negative flow during the week, the inflows emerging on the 13th of September ignite hope for the Ethereum investors. The relatively minor shift concerning the $ETH ETFs, in comparison with Bitcoin ETFs, may mirror lingering uncertainty. It also may reflect a cautious approach of the $ETH investors regarding the long-term prospects. According to Spot On Chain, the positive flows could mean renewed interest, especially as Ethereum keeps evolving with a transition to PoS and an expansion in its use in smart contract and DeFi applications.
