<img src="https://crypto.news/app/uploads/2024/08/crypto-news-BlackRock-Nasdaq-Want-to-List-Options-on-ethereum-ETFs-option04.webp” />
US spot bitcoin exchange-traded funds saw a slowdown in net inflows on Sept. 16, while spot Ether ETFs again saw outflows as bears dominated market sentiment yesterday.
According btc-spot” target=”_blank”>data According to SoSoValue, the 12 spot bitcoin ETFs saw net inflows of $12.9 million, down 95% from the $263 million inflows recorded on the previous trading day. BlackRock’s IBIT, the largest btc ETF, again led the pack with $15.8 million in inflows after 10 days of no positive flows seen by the fund.
Fidelity’s FBTC followed with $5.1 million flowing into its fund. Notably, the ETF was the only fund to record net inflows for six consecutive days, with $223.1 million coming in over the period. Franklin Templeton’s EZBC attracted $5 million.
VanEck HODL and Grayscale bitcoin Mini Trust also recorded positive net flows of $4.9 million and $2.8 million respectively on the day.
Grayscale’s GBTC was the only bitcoin ETF to report outflows, with $20.8 million leaving the fund, culminating in total outflows of $20.06 billion since launch. The remaining six btc ETFs saw no trading activity.
The total trading volume of the 12 btc ETFs fell to $1.1 billion on Sept. 16, significantly down from $1.82 billion the day before. These funds have seen a cumulative total net inflow of $17.31 billion since the launch date. At the time of writing, bitcoin (btc) was trading sideways at roughly $58,521, according to data from crypto.news.
Meanwhile, all nine US-based ethereum Spot ETFs experienced net outflows once again on September 16, totaling eth-spot” target=”_blank”>$9.51 million The previous day saw a surge in inflows. The majority of daily net outflows originated from Grayscale’s ETHE, with $13.8 million leaving its fund. Bitwise’s ETHW also saw outflows of $2.1 million.
These outflows were partially offset by BlackRock’s ETHA and Grayscale ethereum Mini Trust, which saw inflows of $4.2 million and $2.3 million respectively on the day.
Trading volume for these investment vehicles also declined, falling to $128.02 million on Sept. 16 from $147.64 million the day before. Spot Ether ETFs have seen a cumulative net outflow of $590.73 million year-to-date. At press time, ethereum (eth) was trading at $2,299.
