Bitcoin ETF recorded a total net outflow of $363.17 million, while Ethereum ETFs dropped to $75.95 million, with no inflow recorded by ETFs.
Fidelity’s FBTC led BTC ETFs ourflow with $276.68 million and Fidelity FETH led with $33.12 million in Ethereum
Bitcoin is trading at $112,890, signalling a 2.2% drop compared to a week ago.
On September 22, neither the spot Bitcoin ETF nor the Ethereum ETFs recorded any inflows. Bitcoin ETFs saw a net outflow of $363 million, while Ethereum ETFs recorded $75.95 million, as reported by SoSoValue.
Bitcoin ETF Breakdown
Bitcoin ETFs recorded a total net outflow of $363.17 million, with Fidelity’s FBTC leading with $276.68 million. Ark & 21Shares followed with $52.30 million, while Grayscale GBTC withdrew $24.65 million. VanEck’s HOLD also made a small sale of $9.54 million.
Overall, the total trading value reached $3.43 billion with total net assets of $148.09 billion, indicating strong user activity with growing confidence in the asset. This represents 6.59% of the Bitcoin market cap.
Ethereum ETF Breakdown
Ethereum ETFs saw a $75.95 million in daily total net outflow. Fidelity FETH led with $33.12 million, as Bitwise ETHW and Grayscale ETH recorded outflows of $22.30 million and $5.4 million, respectively. BlackRock ETHA also withdrew $15.07 million. None of the nine ETFs recorded any inflow on Monday.
The total trading value of Ethereum ETFs reached $2.06 billion, signaling steady market activity and a robust industry position. Net assets came in at $27.52 billion, marking 5.45% of Ethereum’s market cap.
Market Context
Bitcoin is trading at $112,890, signalling a 2.2% drop compared to a week ago. Its market cap has reached $2.249 trillion, which also dipped this week. Its daily trading volume has crossed $67.205 billion, showing impressive progress there. Ethereum is priced at $4,192.30, with a market cap of $506.155 billion. Its trading volume has jumped to $46.192 billion, reflecting renewed confidence in investors.
Both assets continue to benefit from the growing institutional interest in the ETFs. Besides that, the recent interest rate cuts have also led the traders to reposition towards riskier assets, resulting in increased activity in cryptocurrency.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
On September 22, both Bitcoin and Ethereum ETFs experienced significant net outflows, totaling $363 million and $75.95 million respectively, as investors repositioned capital after a period of price drops.
Recent interest rate cuts encouraged traders to move towards riskier assets. This led to an increase in cryptocurrency trading volume, with Bitcoin’s daily volume reaching over $67 billion and Ethereum’s exceeding $46 billion.
On September 22, the total net assets for Bitcoin ETFs stood at $148.09 billion, representing 6.59% of Bitcoin’s market cap. Ethereum ETFs had $27.52 billion in net assets, making up 5.45% of Ethereum’s market cap.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.