Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
Spot Bitcoin ETFs maintain modest inflows, Ethereum ETFs outflows start again
Spot Bitcoin exchange-traded funds in the United States experienced a slowdown in net inflows on Sept. 16, while spot Ether ETFs saw outflows again as bears dominated the market sentiment yesterday.
According to data from SoSoValue, the 12 spot Bitcoin ETFs logged net inflows of $12.9 million, 95% lower than the $263 million inflows recorded the previous trading day. BlackRock’s IBIT, the largest BTC ETF, led the lot again with $15.8 million in inflows after 10 days of no positive flows seen by the fund.
Fidelity’s FBTC followed with $5.1 million flowing into its fund. Notably, the ETF was the only fund to record net inflows for six straight days with $223.1 million entering it within the period. Franklin Templeton’s EZBC drew in $5 million.
VanEck’s HODL and Grayscale Bitcoin Mini Trust also saw net positive flows of $4.9 million and $2.8 million respectively on the day.
Grayscale’s GBTC was the sole spot Bitcoin ETF to report outflows, with $20.8 million leaving the fund, culminating in total outflows of $20.06 billion since its launch. The remaining six BTC ETFs witnessed no trading activity.
Total trading volume for the 12 BTC ETFs dropped to $1.1 billion on Sept. 16, significantly lower than the $1.82 billion seen the previous day. These funds have recorded a cumulative total net inflow of $17.31 billion since the launch date. At the time of writing, Bitcoin (BTC) was trading sideways at approximately $58,521, per data from crypto.news.
Meanwhile, the nine U.S.-based Spot Ethereum ETFs experienced net outflows once again on Sept. 16, totaling $9.51 million following the previous day which saw inflows. Most of the daily net outflows originated from Grayscale’s ETHE, with $13.8 million flowing out of its fund. Bitwise’s ETHW also saw $2.1 million in outflows.
These outflows were partially offset by BlackRock’s ETHA and Grayscale Ethereum Mini Trust which logged inflows of $4.2 million and $2.3 million respectively on the day.
The trading volume for these investment vehicles also decreased, dropping to $128.02 million on Sept. 16 from $147.64 million seen the previous day. The spot Ether ETFs have experienced a cumulative net outflow of $590.73 million to date. At the time of publication, Ethereum (ETH) was exchanging hands at $2,299.