TLDR
- Ethereum ETFs gained $547 million in net inflows after five days of outflows.
- Bitcoin spot ETFs recorded $522 million in inflows, led by Fidelity’s FBTC.
- Total AUM for Ethereum ETFs now stands at $27.5 billion, 5.4% of market cap.
- Bitcoin spot ETFs now hold $150 billion in AUM, making up 6.6% of Bitcoin’s cap.
U.S.-listed Ethereum and Bitcoin spot exchange-traded funds (ETFs) experienced a surge in investor interest on Monday, attracting over $1 billion in combined inflows. This boost marks a significant shift after recent fluctuations in crypto markets, with both Bitcoin and Ethereum showing signs of resilience. Ethereum ETFs, particularly, reversed a recent downtrend, while Bitcoin ETFs also recorded impressive inflows.
Ethereum ETFs Rebound After Consecutive Outflows
Spot Ethereum ETFs saw a major reversal, with $547 million in net inflows recorded on Monday. This came after five consecutive days of outflows. According to data from SoSoValue, the nine Ethereum spot ETFs collectively posted these positive figures.
Fidelity’s Ethereum Fund (FETH) led the charge, securing $202 million in just one day. Other products, such as BlackRock’s iShares Ethereum Trust (ETHA), also saw strong interest, attracting $154 million in inflows.
The surge in Ethereum ETF interest comes as the total assets under management (AUM) for these funds reached $27.5 billion, accounting for approximately 5.4% of Ethereum’s circulating market cap. The recovery in Ethereum’s market value was supported by the overall rise in crypto assets, with the price of Ethereum rebounding above $4,000.
Bitcoin ETFs Report Solid Inflows Despite Minor Setback
Bitcoin ETFs followed a similar positive trajectory, recording $522 million in net inflows. Fidelity’s Bitcoin ETF (FBTC) led the pack, drawing in $299 million. Other major funds, like ARK 21Shares Bitcoin ETF (ARKB), also saw gains, with $62 million in inflows.
However, one product, BlackRock’s iShares Bitcoin Trust (IBIT), experienced a small net outflow of $46.6 million, the only negative figure among Bitcoin ETFs.
The Bitcoin spot ETFs now hold a total of $150 billion in AUM, representing 6.6% of Bitcoin’s total market cap. Bitcoin’s price showed strength, trading around $114,000 on Monday, marking a slight recovery after a brief dip earlier in the month.
Crypto Market Resilience Drives Investor Confidence
The impressive inflows into both Bitcoin and Ethereum ETFs coincide with broader signs of resilience in the cryptocurrency markets. Despite a pullback in mid-September, Bitcoin and Ethereum have rebounded, with both assets posting gains in recent days. As of Monday, Bitcoin was up by 2.1%, and Ethereum showed a 3% gain, both reflecting renewed investor confidence.
The recovery follows a period of volatility in the crypto market, with Bitcoin briefly reaching a high of $115,970 earlier this month before dipping back. Ethereum also regained momentum, trading above $4,000 after a brief slump, offering optimism for future market trends.
Institutional and Retail Investor Interest Grows
The strong performance of Bitcoin and Ethereum ETFs indicates growing interest from both institutional and retail investors. As the crypto market matures, these ETFs offer a more regulated and accessible way for investors to gain exposure to digital assets without having to directly hold the cryptocurrencies.
Fidelity’s FBTC and FETH have been central to these inflows, reflecting the trust many investors have in established financial institutions offering crypto products. With Bitcoin and Ethereum showing resilience in price and ETF inflows increasing, there is a growing belief that both assets may continue to attract substantial investment in the near future.
In summary, the combined daily inflows of over $1 billion into Ethereum and Bitcoin spot ETFs signal renewed investor confidence in the cryptocurrency sector. As the market continues to evolve, these funds may play a key role in broadening access to digital asset investments.
Stay Ahead of the Market with Benzinga Pro!
Want to trade like a pro? Benzinga Pro gives you the edge you need in today's fast-paced markets. Get real-time news, exclusive insights, and powerful tools trusted by professional traders:
- Breaking market-moving stories before they hit mainstream media
- Live audio squawk for hands-free market updates
- Advanced stock scanner to spot promising trades
- Expert trade ideas and on-demand support
