Bitcoin and Ethereum ETFs raise $452 million combined

US spot Bitcoin ETFs received $347 million in net inflows on 23 September, with BlackRock’s IBIT topping the list at $166 million. At the same time, spot Ethereum ETFs saw $105 million in inflows, led by BlackRock’s ETHA with approximately $50.8 million. This brings combined inflows for both ETF categories to around $452 million in a single day.

Bitcoin is available at OKX and Bybit.

In brief:

• Bitcoin ETFs raise $347 million, BlackRock’s IBIT accounts for $166 million of that.
• Ethereum ETFs record $105 million in inflows, ETHA leads with $50.8 million.
• Combined daily inflows for both categories amount to $452 million.

BlackRock dominates both Bitcoin and Ethereum ETFs

BlackRock takes the top position in both major crypto ETF categories. IBIT, the asset manager’s spot Bitcoin ETF, accounts for almost half of all Bitcoin ETF inflows on 23 September. For Ethereum ETFs, the picture is similar: ETHA captures the largest share, $50.8 million, of the $105 million that came in that day.

BlackRock’s strong performance fits into a broader trend in which the company is gaining increasing ground in the crypto ETF market. We previously reported on BlackRock’s growing interest in digital assets.

Inflows follow period of mixed sentiment

The daily inflow of $347 million for Bitcoin ETFs follows a period in which flows fluctuated sharply. Earlier, we saw Bitcoin ETFs raise $715 million in four days, and there was even a day with almost $1 billion in inflows in a single day.

The Bitcoin price stands at $84.200 at the time of writing, down 2.6% over the past 24 hours. The fact that ETF inflows continue while the price is under pressure suggests that, for now, institutional investors remain positive about Bitcoin in the longer term.