Spot Bitcoin and Ethereum ETFs See Over $1 Billion in Inflows
- US-listed spot Bitcoin and Ethereum ETFs attracted more than $1 billion in net inflows on September 29.
- Fidelity’s FBTC led with $298.70 million, making up over half of the day’s total Bitcoin ETF inflows of $521.95 million.
- Ethereum ETFs recorded stronger inflows at $546.96 million, with Fidelity’s FETH contributing $202.18 million.
- BlackRock’s IBIT was the only Bitcoin ETF to see outflows, losing $46.64 million for the third consecutive day.
- Bitcoin’s price rebounded to $114,000, reflecting a recovery after recent losses and reinforcing bullish sentiment among investors.
The significant inflows into both Bitcoin and Ethereum ETFs indicate renewed investor confidence amidst an improving market sentiment and rising asset prices.
On September 29, total net inflows exceeded $1 billion, with Bitcoin ETFs capturing $521.95 million and Ethereum ETFs bringing in $546.96 million.(Source)
