Bitcoin ETFs record third consecutive day of inflows of $175 million

US spot Bitcoin ETFs are drawing in funds for a third consecutive day. On 4 September, a net $175 million flowed in, with BlackRock and Fidelity as the biggest contributors. Ethereum ETFs also saw positive inflows, although the results varied by provider.

Bitcoin is available at OKX and Bybit.

In brief:

• US spot Bitcoin ETFs recorded net inflows of $175 million on 4 September, a third consecutive day.
• BlackRock’s IBIT accounted for $117 million, while Fidelity’s FBTC added $57.22 million.
• Ethereum ETFs recorded combined net inflows of $26.46 million, but Fidelity’s FETH saw an outflow of $48.30 million.

Bitcoin ETFs in the green for third day running

According to SoSoValue data, a net $175 million flowed into US spot Bitcoin ETFs on 4 September. That marks a third consecutive day of positive inflows for these funds.

BlackRock’s IBIT took the largest share, at $117 million. Fidelity’s FBTC followed with $57.22 million. The combined assets under management of all spot Bitcoin ETFs now stand at $101.25 billion. A day earlier, $731 million flowed in, which puts the current result into perspective.

At the time of writing, Bitcoin was trading at $79K, down 1.6% over the past 24 hours. Bitcoin had earlier fallen back to the $79.000 level after a correction on Friday afternoon.

Ethereum ETFs: gains and losses side by side

Spot Ethereum ETFs posted combined net inflows of $26.46 million on the same day. BlackRock performed strongly: ETHA attracted $57.79 million, and the newer ETHB added another $16.44 million.

Fidelity’s FETH went in the opposite direction with a net outflow of $48.30 million. As a result, the aggregate result for Ethereum ETFs is considerably lower than BlackRock’s individual figures suggest.