On the 20th of September, the US spot ETF market has remained green with both Bitcoin and Ethereum exchange-traded funds seeing inflows.
On Friday, September 20, both Bitcoin and Ethereum exchange-traded funds saw inflows into the US spot ETF market, as reported by Spot On Chain, an on-chain analytics firm. While Bitcoin ETFs recorded a net inflow of $92 million, Ethereum ETFs saw just $2.9 million in inflows with no outflows.
According to Spot On Chain's recent posts, the inclusion of $99M in Bitcoin ETFs indicates a substantial inflow. Notably, seven out of 11 Bitcoin ETFs recorded inflows, while the remaining four saw no flows at all. In terms of individual inflows, Fidelity (FBTC) led the way with an addition of $26.1 million.
Moreover, ARK 21Shares (ARKB) saw an inflow of $22M. Bitwise (BITB) recorded inflows of $15.1M. Grayscale Mini (BTC) saw an inflow of $13.4M. Additionally, VanEck (HODL) recorded inflows of $7.1M. Valkyrie (BRRR) saw an inflow of $5.2M in net inflows. Finally, Invesco (BTCO) saw the least inflows with an addition of just $3.1M. With this $92M, the total weekly inflows into Bitcoin ETFs have reached an impressive $397M, spanning four out of five trading days throughout the week.
On the other hand, Ethereum ETFs recorded a lower amount of inflows. The cumulative inflows into Ethereum ETFs on September 21 stood at just $2.9M. In this regard, only one out of nine Ethereum ETFs recorded inflows. Grayscale Mini (ETH) saw an inflow of $2.9M, while none of the other ETFs saw any inflows at all.
In a broader perspective, Ethereum ETFs had a difficult week. Cumulatively, $26.2M flowed out of Ethereum ETFs in weekly outflows. Only two out of the five trading days during the seven-day period saw inflows, indicating cautious behavior among investors.
Overall, the massive inflows into Bitcoin ETFs indicate sustained investor interest in the leading crypto asset. However, despite Ethereum's strong presence in the DeFi sector and increasing adoption, the recent outflows could be attributed to market competition and heightened regulatory scrutiny.
The above is the detailed content of Bitcoin ETFs Record Enormous $99 Million in Inflows on September 20. For more information, please follow other related articles on the PHP Chinese website!
Senators Lummis and Scott Promise Pro-Bitcoin Legislation if Republicans Win the Majority in the Upcoming ElectionsJul 27, 2024 pm 12:58 PMSenator Cynthia Lummis took the stage to speak at the Bitcoin 2024 conference along with Senator Tim Scott, on Friday, discussing cryptocurrency and their vision for its role in the U.S. financial system.
Bitcoin (BTC) Exchange Netflow Has Just Taken to Positive Values, Here's What It MeansJul 27, 2024 am 12:07 AMOn-chain data shows the Binance exchange has received large net Bitcoin inflows during the past day, indicating that BTC's decline may extend further.
Hackers recover $3 million in bitcoin from software wallet locked for over a decadeJun 14, 2024 am 09:57 AMJoeGrand-anethicalhackerandYouTuberwhoiswidelyknownforhisprojectsinvolvingcryptowallets,hassuccessfullyrecoveredalife-changingamountofbitcoin,presentlyvaluednorthof$3millionfromasoftwarewalletthathasbeenlockedformo
Bitcoin (BTC) – America’s Key To Economic Supremacy?Jul 26, 2024 pm 09:15 PMIn the ongoing global economic and geopolitical rivalry, the United States may have a powerful new weapon – Bitcoin (BTC). That is the argument made by Sam Lyman
US Stock Market Peak Warning May Also Impact Bitcoin (BTC) MarketJul 27, 2024 am 06:35 AMFinancial experts are warning of an impending peak in US stocks. This may also lead Bitcoin to rise. According to Arthur Budaghyan, an analyst at BCA Research, the US stock market
Bitcoin vs. Gold vs. S&P 500: Which Is the Best Investment in the Current Market?Jul 27, 2024 am 07:11 AMCryptocurrencies, commodities, and stocks are among the most popular risk assets for investment and trade, also leading finance indicators.
Bitcoin Holders Can Now Purchase European Union Citizenship, Combining Cryptocurrency and Immigration PolicyJul 25, 2024 pm 02:53 PMPowered by the Unbound Fund, this initiative uses Bitcoin as a key to open up Portuguese citizenship via the country's golden visa program.
Bitcoin (BTC) Witnesses “Rare” Buy Signal, Could Enjoy a Massive Rally to $130,000Jul 26, 2024 am 11:26 AMCrypto analyst Mikybull Crypto has revealed the return of a technical indicator that represents a buy signal for Bitcoin. Based on his predictions, the
Hot AI Tools
Undresser.AI Undress
AI-powered app for creating realistic nude photos
AI Clothes Remover
Online AI tool for removing clothes from photos.
Undress AI Tool
Undress images for free
Clothoff.io
AI clothes remover
AI Hentai Generator
Generate AI Hentai for free.
Hot Article
Hot Tools
ZendStudio 13.5.1 Mac
Powerful PHP integrated development environment
EditPlus Chinese cracked version
Small size, syntax highlighting, does not support code prompt function
MantisBT
Mantis is an easy-to-deploy web-based defect tracking tool designed to aid in product defect tracking. It requires PHP, MySQL and a web server. Check out our demo and hosting services.
SublimeText3 Linux new version
SublimeText3 Linux latest version
mPDF
mPDF is a PHP library that can generate PDF files from UTF-8 encoded HTML. The original author, Ian Back, wrote mPDF to output PDF files "on the fly" from his website and handle different languages. It is slower than original scripts like HTML2FPDF and produces larger files when using Unicode fonts, but supports CSS styles etc. and has a lot of enhancements. Supports almost all languages, including RTL (Arabic and Hebrew) and CJK (Chinese, Japanese and Korean). Supports nested block-level elements (such as P, DIV),
