Fidelity spearheads $186 million surge in Bitcoin ETF inflows, Ethereum ETFs face $15 million outflow

Fidelity spearheads $186 million surge in Bitcoin ETF inflows, Ethereum ETFs face $15 million outflow

On September 17, Bitcoin ETFs recorded significant net inflows of $186.8 million, marking a sharp rise from the $12.8 million seen the previous day. Fidelity led the way with $56.6 million in inflows, followed by Bitwise at $45.4 million and Ark with $42.2 million. Other firms like VanEck and Invesco also reported positive flows, bringing in $20.5 million and $10.2 million, respectively.

Ethereum ETFs Face Outflows

In contrast, Ethereum ETFs saw net outflows totaling $15.1 million on the same day. Grayscale’s ETHE recorded an outflow of $17.9 million, but this was partially balanced by a $2.8 million inflow into its smaller ETF, ETH. Ethereum ETFs have largely struggled in September, with only two days of positive inflows.

Renewed Interest in Bitcoin ETFs

The recent rise in Bitcoin ETF inflows comes after a notable drop on September 16, when inflows fell to $12.8 million, down from $263.2 million on September 13. These latest figures highlight renewed investor interest in Bitcoin ETFs, especially from leading firms such as Fidelity and Bitwise.

The post Fidelity spearheads $186 million surge in Bitcoin ETF inflows, Ethereum ETFs face $15 million outflow appeared first on CryptoSlate.

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