Bitcoin ETFs saw significant inflows totaling $136 million on September 24. This was mainly driven by BlackRock's IBIT ETF, which saw inflows of $98.9 million, making it the biggest mover on the day. Bitwise's BITB ETF saw inflows of $17.4 million, while Fidelity's FBTC saw inflows of $16.8 million. Grayscale's smaller BTC ETF reported smaller inflows of $2.9 million, while GBTC was flat. Other ETFs such as Ark, Invesco, Franklin, Valkyrie, VanEck and WisdomTree were static, with inflows remaining flat.
Ethereum ETFs saw inflows totaling $62.5 million. BlackRock's ETHA ETF led the way in inflows with $59.3 million, suggesting renewed institutional interest in Ethereum. VanEck's ETHV and Invesco's QETH ETF also saw smaller inflows of $1.9 million and $1.3 million, respectively. Other Ethereum ETFs, including the Fidelity, Bitwise, 21Shares, Franklin and Grayscale funds, saw no change in inflows.
The large inflows into the Bitcoin ETF, particularly from BlackRock, contrast with more cautious but positive inflows into the Ethereum ETF, pointing to a broader accumulation trend that is building momentum for Bitcoin products.
