Bitcoin ETF Inflows Soar to $365M, Ethereum ETF Inflows Disrupted by Grayscale Exits

Key Takeaways

• Bitcoin ETFs now command $60.03 billion in net assets or 4.7% of BTC’s market cap.
• Grayscale’s combined BTC and ETH ETF outflows are now $23 billion.
• Ethereum ETFs have $7.22 billion in net assets or 2.28% of ETH’s market cap.

U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) have seen a flurry of fresh capital pour in as they extend their inflow streak. Meanwhile, most Ethereum (ETH) ETFs see one of their best-combined performances in a while, but Grayscale outflows slide the daily figures into the red again.

Bitcoin ETFs

According to data provided by SoSoValue, Bitcoin ETFs had a  gigantic $365.57 million in total net inflows for Sept. 26 as renewed confidence hit the crypto markets.

Bitcoin ETF flows. Source: SoSoValue

Heading up the day’s inflows is the ARK 21Shares Bitcoin ETF (ARKB) which pulled a hefty $113.82 million in net inflows to its fund. Just behind it is BlackRock’s iShares Bitcoin Trust (IBIT) secured $93.38 million, raising its cumulative net inflow to $21.31 billion.

Fidelity’s Wise Origin Bitcoin Fund saw $74 million in net inflows, as did the Bitwise Bitcoin ETF (BITB), which tallied $50.38 million on its balance sheet. VanEck’s Bitcoin ETF (HODL) pulled in $22.1 million in net inflows.

As for the smaller gainers, the Invesco Galaxy Bitcoin ETF (BTCO) captured $6.47 million of the day’s inflows. Franklin Templeton’s Digital Holdings Trust (EZBZ) also netted a cool $5.66 million. Valkyrie’s Bitcoin Fund (BRRR) saw $4.61 million in net inflows, and finally, the Grayscale Bitcoin Mini Trust bagged $2.87 million.

Grayscale’s Bitcoin Trust (GBTC) saw a further $7.73 million in exits, bringing the funds’ cumulative net outflows to a heavy $20.12 billion.

Ethereum ETFs

As per data from SoSoValue, most Ethereum ETFs are in the green, but exits from just one fund  cut their inflow streak short, with net outflows totaling $675,450 on Sept. 26.

Ethereum ETF flows. Source: SoSoValue

Today’s top gainer is Fidelity’s Ethereum Fund (FETH), which scored $15,92 million in net inflows. Close behind, BlackRock’s iShares Ethereum Trust (ETHA) secured $14.85 million in net inflows, bringing its cumulative total to $1.12 billion.

The Invesco Galaxy Ethereum ETF (QETH) saw yet another rare day of inflows, bagging a humble $1.99 million on its sixth-ever day of inflows since launching.

The Bitwise Ethereum ETF (ETHW) and VanEck Ethereum Trust (ETHV) each pulled just under $1 million. Interestingly, the 21Share Core Ethereum ETF (CETH) saw its fourth-ever day of inflows, netting a very modest $663,390.

However, the Grayscale Ethereum Trust (ETHE) undoes all this collective progress, posting $36.02 million in outflows. With $2.88 billion in cumulative net outflows, ETHE is almost solely responsible for the repeating red candles on the daily flow charts.

Bullish Territory?

With BTC pushing above $65,000 for the first time in two months, the crypto markets seem to  be rebounding .

This price increase coincided with heightened BTC ETF market trading volumes. Notably, the total value traded on Sept. 26 was $2.43 billion, a frequently unseen figure.

Ethereum ETFs aren’t excluded from this positive sentiment . This is perhaps best demonstrated by smaller ETF funds such as WETH and CETH beginning to record inflows after weeks of neutrality.

Although Grayscale’s outflows push the daily results into the red, the fact that most ETH ETFs were in the green on Sept. 26 suggests that things are starting to look up.