Key Highlights:
- Bitcoin ETFs experienced their most robust inflows since July, with BTC prices surpassing $114,000 and renewed interest in Ethereum funds.
- Fidelity’s FBTC led the inflows with $299 million, followed by BlackRock’s IBIT at $211 million, as Bitcoin ETFs accrued $757 million in net inflows on September 10.
- Ethereum ETFs reversed previous trends with a gain of $171 million, as investors look toward the upcoming Federal Reserve meeting and potential rate cuts.
Bitcoin spot ETFs recorded $757 million in net inflows last Wednesday. Fidelity’s FBTC posted the largest single-day inflow of $299 million, with BlackRock’s IBIT following closely at $211 million. Ark Invest’s ARKB completed the top three with $145 million.
Ethereum ETFs also rebounded after experiencing withdrawals last week, totaling $171 million in inflows. BlackRock’s ETHA led the pack with $74.5 million, and Fidelity’s FETH contributed $49.5 million. This comes after a notable $446 million outflow earlier in the month, indicating a renewed interest as ETH prices climb.
Monthly data illustrates the resurgence: Bitcoin ETFs have accrued $1.39 billion to date in September, making up for the $751 million withdrawn in August.
Over the last six months, Bitcoin ETF inflows have remained consistently positive, peaking at $6.02 billion in July. Conversely, Ethereum ETFs noted their first monthly outflow in September, suffering a loss of $669 million following a total of $9.3 billion in June, July, and August.
The resurgence in ETF demand arises as traders position themselves ahead of next week’s Federal Reserve meeting.
**Polymarket traders currently estimate an 82% chance the Fed will confirm a 25 bps cut. Market participants suggest the critical factor may not be the Fed’s initial rate decision, but whether substantial funds in money markets start rotating into riskier assets, with sustainable ETF inflows possibly providing the structural support for BTC’s prior rallies this year.
