Ethereum Tops Bitcoin in ETF Inflows With $546.96 Million on September 29

On September 29, U.S. spot ETFs reversed a week of outflows and saw strong inflows. Bitcoin ETFs brought in $521.95 million, while Ethereum ETFs attracted $546.96 million, slightly ahead of Bitcoin, according to SoSoValue.

Bitcoin ETF Breakdown

Bitcoin ETFs saw a combined $521.95 million in inflows, with Fidelity FBTC leading with $298.70 million. Ark & 21Shares followed with $62.18 million, while Grayscale BTC and Bitwise BITB added $47.09 million and $47.16 million, respectively. 

Additional gains were made by Invesco BTCO $35.34 million, VanEck HODL $30.66 million, Grayscale GBTC $26.91 million, and Franklin EZBC $16.51 million. Valkyrie BRRR made the smallest deposit of $4.03 million. 

BlackRock IBIT was the only ETF to report an outflow of $46.64 million. Total trading value surged to $4.61 billion, with net assets of $150.41 billion. This marks 6.61% of Bitcoin’s market cap. 

Ethereum ETF Breakdown

Ethereum ETFs posted a net inflow of $546.96 million, with all nine ETFs reporting strong gains. Fidelity FETH recorded the highest inflow of the day with $202.18 million, followed by BlackRock ETHA $154.20 million. 

Grayscale ETH, Bitwise ETHW, Grayscale ETHE, and VanEck ETHV also added $99.83 million, $36.52 million, $22.77 million, and $15.29 million, respectively. 

Smallest gains of the day were made by Invesco QETH $6.69 million, Franklin EZET $6.34 million, and 21Shares TETH $3.13 million. Despite reporting robust inflows, the total trading value dropped to $1.89 billion with total net assets of $27.54 billion. This represents 5.40% of the Ethereum market cap. 

Market Context

Bitcoin is trading at $114,252, marking a 1.7% increase from last week. Its market capitalization has climbed to $2.276 trillion, while daily trading volume stands at $58.687 billion, reflecting steady progress.

Ethereum is priced at $4,196.90 with a market cap of $507.11 billion. The asset has seen a mild uptick, supported by improved trading activity. Its daily trading volume has risen to $35.826 billion, slightly higher than the previous day.