Spot Bitcoin (BTC) and Ethereum (ETH) ETFs in the United States Experienced Joint Net Inflows to Close the Trading Week

Spot Bitcoin and Ethereum exchange-traded funds in the United States experienced joint net inflows to close the trading week, and both saw even larger inflows earlier in the week.

United States spot Bitcoin and Ethereum exchange-traded funds both closed the trading week with inflows, and both saw even larger inflows earlier in the week. However, ETH ETFs are still seeing net outflows overall since launching this summer.

The 12 spot Bitcoin ETFs saw net inflows of $92 million on Friday, Sept. 20, according to data from SoSoValue, down from the $158 million in inflows recorded on Sept. 19. Fidelity’s FBTC led the pack with $26.1 million in inflows, dropping from the previous day’s inflow of $49.9 million.

ARK 21Shares’s ARKB and Bitwise’s BITB followed with $22 million and $15.1 million inflows, respectively. Grayscale Bitcoin Mini Trust, VanEck’s HODL, and Valkyrie’s BRRR also drew in $13.4 million, $7.1 million, and $5.2 million, respectively.

Invesco’s BTCO also saw modest inflows of $3.1 million after two days of no trading activity, while the remaining five BTC ETFs saw no trading activity.

Since launching in January, spot BTC ETFs have posted $17.7 billion in total net inflows.

Spot Bitcoin (BTC) is trading at approximately $63,600 at the time of writing, up almost 10% on the week, according to data from crypto.news.

Spot ETH ETFs also ended the week in the green

The nine U.S.-based spot Ethereum ETFs also experienced net inflows on Friday, totaling $2.87 million, also slowing down from Thursday’s net inflows of $5.2 million.

All of the inflows on Friday came into Grayscale’s Ethereum Mini Trust (ETH) following two days of no trading activity for that fund. Meanwhile, the remaining eight ETH ETFs saw zero trading activity on Sept. 20, as well as for most of last week.

Earlier in the week, Grayscale’s other ETP, Ethereum Trust (ETHE), continued to see major outflows, as investors are apparently moving a portion of the funds into Grayscales lower-fee product, the Mini Trust.

The spot Ether ETFs have experienced a cumulative net outflow of $607.47 million to date since their launch in July. At the time of publication, spot Ethereum (ETH) is up almost 15% on the week, trading around $2,646.

Also on Friday, the U.S. Securities and Exchange Commission gave approval for Nasdaq to list and trade options with BlackRock’s Bitcoin ETF, IBIT, as the underlying.

The IBIT options will be physically settled in Bitcoin, according to the SEC filing. Nasdaq noted that the ETF options will be subject to the exchange’s listing standards.

As crypto.news previously reported, the approval was seen by ETF analysts as a “huge win” because they believe it will attract more liquidity and institutional investment into crypto, as the product still needs approval from the OCC and CFTC before trading.

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