Crypto ETFs Surge: Bitcoin and Ethereum See Over $1 Billion in Combined Daily Inflows

In a significant turnaround, U.S.-listed spot Bitcoin and Ethereum exchange-traded funds (ETFs) collectively attracted over $1 billion in net inflows on Monday. This surge marks a renewed wave of investor confidence, particularly for Ethereum ETFs, which had experienced several consecutive days of outflows. The positive momentum in ETFs mirrors a broader recovery in the cryptocurrency market.

Key Takeaways

• Combined net inflows for Bitcoin and Ethereum spot ETFs surpassed $1 billion on Monday.

• Ethereum ETFs saw $547 million in net inflows, reversing a trend of recent outflows.

• Bitcoin ETFs registered $522 million in net inflows.

• Fidelity's ETFs led the inflows for both Bitcoin and Ethereum.

• The inflows coincide with a broader recovery in cryptocurrency prices.

Ethereum ETF Rebound

Spot Ethereum ETFs experienced a strong reversal, drawing $547 million in net inflows after five consecutive days of outflows. This positive shift was led by Fidelity’s Ethereum Fund (FETH), which attracted $202 million, and BlackRock’s iShares Ethereum Trust (ETHA), which added $154 million. The total assets under management for Ethereum ETFs now stand at $27.5 billion, representing approximately 5.4% of Ethereum's circulating market cap.

Bitcoin ETF Momentum Continues

Bitcoin spot ETFs also saw substantial inflows, totaling $522 million. Fidelity’s FBTC was the top performer, bringing in $299 million. Other notable contributors included ARK 21Shares Bitcoin ETF (ARKB) with $62 million. The 12 Bitcoin spot ETFs now manage $150 billion in assets, equating to 6.6% of Bitcoin's total market cap. Notably, BlackRock’s iShares Bitcoin Trust (IBIT) was the only Bitcoin ETF to experience a modest outflow of $46.6 million.

Market Resilience and Investor Confidence

The significant inflows into both Bitcoin and Ethereum ETFs occurred amidst a broader recovery in the cryptocurrency market. Bitcoin traded around $114,000, showing a 2.1% gain over 24 hours, while Ethereum rebounded to $4,178, up 3%. This resilience suggests that institutional demand remains highly sensitive to market signals and that investor confidence is returning after a mid-September pullback.

Sources

• Ethereum and Bitcoin spot ETFs' combined daily inflows top $1 billion, The Block.

• Bitcoin and Ethereum ETFs see $1 billion in inflows, CryptoSlate.

• Ethereum and Bitcoin Spot ETFs' Combined Daily Inflows Top $1 Billion, Live Bitcoin News.