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Spot Bitcoin ETFs in the US have recorded net inflows again after four trading days. According to SoSoValue data, a total net inflow of approximately $159.9 million was recorded into Bitcoin ETFs on September 14th, ending a four-day uninterrupted series of net outflows from the portfolio.
The strongest performer of the day came from BlackRock’s IBIT fund, which saw a net inflow of $134.3 million. Fidelity’s FBTC fund saw a net outflow of $53.3 million. Franklin Templeton’s EZBC fund added $4.6 million, while Morgan Stanley’s MSBT fund saw a net inflow of $9.7 million. In contrast, ARK Invest’s ARKB fund experienced a net outflow of $42 million.
<a href="https://xpertsstudio.com/bitmines-ethereum-holdings-near-5-as-3k-price-target-reemerges/” title=”BitMine's Ethereum Holdings Near 5% as $3K Price Target Reemerges”>Ethereum ETFs also maintained a positive outlook. According to Farside Investors data, spot Ethereum ETFs in the US saw net inflows of approximately $121.1 million on September 14th. This figure marked the second consecutive day of net inflows for the products.
Among Ethereum ETFs, BlackRock’s ETHA fund stood out with an inflow of $80.5 million. BlackRock Staking ETHB saw inflows of $14.4 million, Fidelity’s FETH fund $8.9 million, 21Shares’ TETH fund $6.5 million, and Grayscale’s Mini $ETH fund $16.2 million. Invesco’s QETH fund, however, experienced a net outflow of $5.4 million.
The inflows recorded in both asset classes indicate a renewed strengthening of institutional investor demand for cryptocurrency investment products, while ETF flows continue to be closely monitored in terms of market sentiment.
*This is not investment advice.
Source: cryptonews.net