The world of cryptocurrency continues to experience dynamic shifts, with the latest data revealing significant inflows into Bitcoin and Ethereum Exchange-Traded Funds (ETFs). Investors are displaying renewed enthusiasm for these assets, particularly after recent market fluctuations and positive signals from the U.S. Federal Reserve.
Bitcoin ETFs Lead the Way with $163.03 Million Inflows
On September 18, Bitcoin ETFs recorded an impressive $163.03 million in combined inflows. Among the top performing funds, Fidelity’s FBTC led with $97.35 million, highlighting strong investor trust. Other contributors included Ark & 21Shares ARKB with $25.00 million and Bitwise BITB gaining $12.78 million. Additional inflows were seen in Grayscale BTC ($10.93 million), VanEck HOLD ($6.65 million), and Franklin EZBC ($6.80 million). Smaller but noteworthy gains were reported by Invesco BTCO ($3.51 million).
Despite this, the total trading value of Bitcoin ETFs dropped slightly to $3.45 million compared to the previous day. The ETF net assets stood at $155.05 billion, making up 6.62% of Bitcoin’s current market cap. Bitcoin is trading at $116,879 with a market cap of $2.328 trillion, reflecting a minor 0.4% dip from the prior day. Its daily trading volume reached $37.346 billion.
Ethereum ETFs Outperform with $213.07 Million Inflows
Ethereum ETFs also saw a strong rebound, with combined inflows of $213.07 million. Fidelity remains a leader here as well with its FETH ETF attracting $159.38 million in new capital. Grayscale ETH followed with $22.90 million, Bitwise’s ETHW gained $17.47 million, and Grayscale ETHE saw $9.83 million. Franklin’s EZET trailed with a modest $3.49 million.
Total trading value for Ethereum ETFs reached $1.54 billion, with net assets climbing to $30.54 billion, representing 5.49% of Ethereum’s total market cap. Ethereum is currently priced at $4,537.16 with a market cap of $547.654 billion, though it has shown a slight decline in trading volume amidst challenging market sentiment.
Outlook Remains Bullish for Bitcoin and Ethereum
Despite minor fluctuations, both Bitcoin and Ethereum demonstrate positive medium-to-long-term momentum. Support is bolstered by the US Federal Reserve’s rate cuts, which have reduced selling pressure and increased confidence among investors. Both assets are poised for potential growth in the coming months as institutional interest continues to rise.
Explore ETFs for Your Portfolio
If you’re looking to diversify your portfolio with cryptocurrency-based ETFs, consider starting with trusted providers like Fidelity or Grayscale. For instance, Fidelity’s FBTC (view product) is an excellent option for Bitcoin exposure, while Fidelity’s FETH (view product) allows you to tap into Ethereum’s potential. Always consult with a financial advisor to align investments with your goals.
