Bitcoin ETFs record $6.21 million inflow, Ethereum ETFs see $140 million outflow

Spot Bitcoin ETFs recorded a net inflow of $6.21 million in the week of 14 to 18 September. BlackRock’s IBIT was the biggest driver of that, with $121 million in inflows. At the same time, $140 million flowed out of spot Ethereum ETFs, bringing an end to a run of four consecutive weeks of net inflows. Bitcoin is currently at $81.7K, a rise of 1.5% over the past 24 hours.

In brief:

• Spot Bitcoin ETFs posted a net inflow of $6.21 million last week, with IBIT as the largest contributor.
• Spot Ethereum ETFs saw $140 million in outflows, after four weeks of sustained inflows.
• The total assets under management of Bitcoin ETFs currently stands at $102.53 billion.

IBIT attracts $121 million, but the total remains modest

The weekly net inflow of $6.21 million into spot Bitcoin ETFs is modest compared with earlier weeks. The fact that the overall figure is positive is largely down to BlackRock’s IBIT, which was the only major fund to show a substantial inflow of $121 million.

The total assets under management of all spot Bitcoin ETFs combined stands at $102.53 billion. Bitcoin has been moving around $80.000 for some time, a level at which analysts signal an increased risk of a pullback.

Ethereum ETFs see four-week inflow streak broken

The spot Ethereum ETFs present a clearly different picture. After four consecutive weeks of net inflows, $140 million flowed out over the past week. That is a striking reversal for a market that had been gaining in popularity in the preceding period.

The outflow from Ethereum ETFs coincides with a period of uncertainty about Ethereum’s price direction. The Ethereum price is sitting around a key zone that will determine the further direction. Whether the outflow is a temporary correction or the start of a broader retreat will become clear in the coming weeks.