The post Ethereum ETFs Outshine Bitcoin ETF With $213M Inflows as Market Rebounds appeared first on Coinpedia Fintech News
On September 18, the spot Bitcoin ETF saw a combined $163.03 million inflows, while Ethereum ETFs recorded $213.07 million inflows. According to the SoSoValue report, none of the ETFs saw any outflow, unlike the previous days.
Bitcoin ETF Breakdown
Bitcoin ETFs recorded a total net inflow of $163.03 million, with Fidelity’s FBTC leading with $97.35 million. Ark & 21Shares ARKB also saw $25.00 million inflows, while Bitwise BITB added $12.78 million. Additional gains were made by Grayscale BTC $10.93 million, VanEck HOLD $6.65 million, and Franklin EZBC $6.80 million.
Invesco BTCO also added smaller inflows of $3.51 million. Overall, the total trading value of the Bitcoin ETF reached $3.45 million, marking a drop from the previous day. Total net assets recorded $155.05 billion, representing 6.62% of the Bitcoin market cap.
Ethereum ETF Breakdown
Ethereum ETFs saw a combined net inflow of $213.07 million, mostly led by Fidelity’s FETH $159.38 million. Grayscale ETH followed with $22.90 million. Bitwise’s ETHW also recorded a gain of $17.47 million, and Grayscale ETHE added $9.83 million. The smallest gain was made by Franklin’s EZET $3.49 million.
After two consecutive days of outflows, Ethereum ETFs made a strong comeback. Its total trading value reached $1.54 billion, with total net assets of $30.54 billion. This marks 5.49% of the Ethereum market cap, slightly higher than the previous day.
Market Context
Bitcoin is trading at $116,879 with a market cap of $2.328 trillion, showing a 0.4% drop from yesterday. Its daily trading volume has reached $37.346 billion, while Ethereum trades at $4,537.16, with a market cap of $547.654 billion. Its trading volume has also decreased, showing a difficult market sentiment.
Despite small dips, both assets seem to show positive momentum, driven by the recent US Fed rate cut. Bitcoin and Ethereum continue to receive strong support, with low selling pressure, and bullish medium-to-long-term outlooks.
