- Ethereum spot ETFs posted $104.63 million in inflows, extending the streak to four days.
- Bitcoin ETFs also recorded strong inflows as BTC climbed above $86,000.
US Ethereum spot ETFs recorded $104.63 million in net inflows, extending their positive streak to four consecutive trading days. BlackRock’s ETHA led the latest inflows with $50.8 million, followed by Fidelity’s FETH with $41.28 million.
BlackRock and Fidelity Lead Ethereum ETF Inflows
Ethereum spot ETFs attracted more than $100 million in fresh capital during the latest trading session, although inflows slowed from the $162.2 million recorded a day earlier.
BlackRock’s ETHA accounted for almost half of the total, bringing in $50.8 million. Fidelity’s FETH followed with $41.28 million, while 21Shares’ TETH recorded $4.01 million.
Franklin Templeton’s EZET added $3.04 million, and VanEck’s ETHV brought in $2.93 million. Morgan Stanley’s MSSE and Invesco’s QETH recorded smaller inflows of $1.44 million and $930,000, respectively.
The figures show that demand remains concentrated in several major Ethereum ETF products, with ETHA and FETH accounting for most of the latest capital inflows.
Grayscale Sees Outflows as Bitcoin ETFs Gain
Grayscale’s products showed mixed flows during the session. Its ETHE product recorded $4.3 million in net inflows, while its other ETH product registered $4.09 million in outflows. The remaining Ethereum ETFs recorded no net flows.
The Ethereum ETF inflows also came as the US Bitcoin spot ETF market posted strong demand. Bitcoin ETFs recorded more than $1.7 billion in combined net inflows across September 22 and 23, including $999 million on September 22 and another $715 million on September 23.
Total net assets in the US Bitcoin ETF market recovered to about $111 billion as of September 23. That was 56% above the $71 billion low recorded on June 30, although still below the $128 billion year-to-date peak reached on January 14.
Bloomberg Intelligence ETF analyst James Seyffart said Bitcoin had moved above the estimated $81,722 average cost basis of ETF investors. Bitcoin was trading around $86,000 on September 23 and briefly moved above $87,000.
The continued inflows into both Ethereum and Bitcoin spot ETFs point to sustained demand for crypto investment products, while the outflows from some Grayscale products show that capital continues to shift between competing ETF offerings.
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