Bitcoin ETFs See $433M Friday Inflow as Ether Funds Snap Four-Week Streak
What happened: U.
What happened: U.S. spot Bitcoin ETFs recorded a $433 million net inflow on Friday, September 19, with Fidelity's FBTC contributing $310.7 million and BlackRock's IBIT $108.4 million. Despite this, the weekly net inflow was only $6.2 million, barely avoiding a second consecutive week of outflows. Meanwhile, Ether ETFs saw a $140 million outflow, ending a four-week streak that had brought in $1.94 billion.
Why it matters: The data reveals a fragile recovery for Bitcoin ETFs, which remain down $1.45 billion year-to-date despite $55.16 billion in cumulative inflows since launch. Ether ETFs, though ending their positive streak, still show a net positive $922 million for the year. The concentration of inflows in a few large funds highlights ongoing investor caution and the volatility of sentiment in crypto markets.
Source: The Block