Bitcoin ETFs attract $160 million on 14 September

US spot Bitcoin ETFs attracted $160 million in new funds on 14 September. BlackRock’s IBIT accounted for the lion’s share of that inflow, with $134 million. Spot Ethereum ETFs also performed well, registering $121 million in inflows, of which $80.5 million came via BlackRock’s ETHA. At the time of writing, Bitcoin is trading around $77.400.

In brief:

• Spot Bitcoin ETFs booked $160 million in inflows on 14 September, largely from BlackRock’s IBIT.
• Spot Ethereum ETFs registered $121 million the same day, with BlackRock’s ETHA as the biggest contributor.
• The inflows follow a period in which the funds also saw outflows, as was the case earlier in September.

BlackRock dominates the inflows

Of the $160 million that flowed into spot Bitcoin ETFs on 14 September, $134 million came from BlackRock’s IBIT. That means a single fund was responsible for more than 83% of the total daily inflow. The remaining funds contributed only a small share between them.

The figures come from data service SoSoValue and were shared by Wu Blockchain.

Ethereum ETFs also post a positive day

Besides the Bitcoin ETFs, the spot Ethereum ETFs also had a positive day. Total inflows amounted to $121 million, of which $80.5 million came from BlackRock’s ETHA. That makes BlackRock the dominant player in the Ethereum segment as well.

The combination of inflows into both Bitcoin and Ethereum ETFs on the same day is striking. The Bitcoin price has been moving around $77.000 for some time, while the market looks ahead to important policy decisions from the Federal Reserve this week.