CandleFocus

Bitcoin, Ethereum Spot ETFs See Strong Inflows, No Outflows on September 20

According to Spot On Chain, a well-known on-chain analytics firm, Bitcoin exchange-traded funds (ETFs) received $92 million in net inflows on September 20, while Ethereum ETFs saw only $2.9 million in inflows without any outflows. The analytics provider noted that seven out of 11 Bitcoin ETFs experienced inflows, with Fidelity leading at $26.1 million. ARK 21Shares, Bitwise, Grayscale, VanEck, Valkyrie, and Invesco also saw significant inflows. In contrast, Ethereum ETFs had lower inflows, with only one out of nine ETFs seeing inflows, and a total of $26.2 million leaving the Ethereum ETFs in weekly outflows. This could be attributed to increased market competition and regulatory scrutiny. Overall, the substantial inflows in Bitcoin ETFs demonstrate strong investor interest, while Ethereum ETFs experienced a more cautious investor behavior.

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