TL;DR
- ETF Inflows: Bitcoin ETFs attracted $66.2 million on Sept. 29, extending their winning streak to nine trading days and bringing cumulative inflows during that run to roughly $3.1 billion.
- Fund Leaders: BlackRock’s IBIT and ARK 21Shares’ ARKB drove most of the positive activity, helping offset withdrawals from Bitwise’s BITB.
- Ether Reversal: Ethereum ETFs recorded modest outflows after seven straight days of gains, ending the streak even though cumulative inflows remained strong over the broader period.
The momentum behind Bitcoin ETFs continued on Sept. 29, with the products extending their net inflow streak to nine consecutive trading days. According to data from SoSoValue, Bitcoin ETFs attracted $66.2 million in fresh capital during the session, lifting total inflows over the winning stretch to roughly $3.1 billion. The latest performance also pushed year-to-date net inflows to around $1 billion, highlighting sustained investor interest even as the wider crypto market showed signs of cooling.
The inflows arrived during a relatively quiet trading period for Bitcoin itself. The asset changed hands near $83,567 to $83,888 during the reporting period, posting modest daily losses despite continued demand for exchange-traded products tied to the cryptocurrency.
Fresh Capital Remains Focused on Bitcoin ETFs
Investor demand was heavily concentrated among a handful of funds. BlackRock’s IBIT led all products with $51.1 million in net inflows, followed by ARK 21Shares’ ARKB, which added $33.2 million. Those gains were partially offset by an $18.1 million outflow from Bitwise’s BITB. Most other major Bitcoin ETFs reported little to no net movement during the session.
Even so, the combined result kept Bitcoin ETFs firmly in positive territory and marked a notable increase from the $31 million in inflows recorded a day earlier. The data also highlighted a growing contrast between the two largest crypto ETF categories. Although combined Bitcoin and Ethereum products generated about $63.4 million in net inflows, nearly all of that demand flowed into Bitcoin ETFs, reinforcing their stronger position among institutional investors.
Ether Funds Reverse Course
Unlike Bitcoin ETFs, Ethereum funds ended a run of consecutive gains. The products recorded approximately $2.8 million to $3 million in net outflows on Sept. 29, bringing a seven-session inflow streak to a close. BlackRock’s ETHA posted $8.9 million in outflows, while Fidelity’s FETH posted $6.7 million in outflows. Grayscale’s ETH product somewhat softened the impact with $12.8 million in fresh inflows.
Despite the reversal, the recent pullback remains small compared to the more than $851 million that flowed into Ether products during the previous seven trading sessions. Market participants appear to view the result as a pause rather than a major shift in sentiment.
Meanwhile, Bitcoin ETFs continued to attract steady support even as market sentiment eased slightly. The Crypto Fear & Greed Index slipped to 71 from 73 but remained in “Greed” territory. Analysts noted that rising crude oil prices may be temporarily limiting advances in non-yielding assets. However, the technical outlook for Bitcoin remains constructive. As a result, Bitcoin ETFs have managed to preserve their strong inflow streak despite a more cautious market backdrop.
