On September 9, the cryptocurrency market witnessed significant inflows in both Bitcoin 
$78,121 and Ethereum 
$2,302 exchange-traded funds (ETFs), indicating heightened investor interest. Bitcoin ETFs reported a substantial net inflow of $23.05 million, with no funds experiencing any outflows. Meanwhile, Ethereum ETFs managed to break their six-day streak of outflows by attracting $44.16 million in new investments. The strong trading volumes suggest robust engagement with these financial products by market participants.
Bitcoin ETFs See $23.05 Million Net Inflow
According to SoSoValue data, Bitcoin ETFs concluded the day with a net inflow of $23.05 million on September 9. The BlackRock IBIT fund led the way, contributing a remarkable $169.31 million. Other notable investments included Fidelity’s FBTC at $55.81 million, Ark & 21Shares’ ARKB at $72.9 million, and Bitwise’s BITB at $18.15 million, showing widespread interest across multiple funds. Impressively, none of the twelve Bitcoin ETFs experienced any outflows during this period.
The total trading volume for Bitcoin ETFs reached a substantial $3.03 billion. These funds’ net asset value grew to $144.30 billion, representing 6.50% of Bitcoin’s total market value. The IBIT fund took the spotlight with a net asset value of $83.72 billion and an impressive trading volume of $2.29 billion.
At the time of reporting, Bitcoin’s price had fallen by 1.07% in the last 24 hours, trading at $111,846. The market capitalization of Bitcoin, the largest cryptocurrency, remained above $2 trillion, with a daily trading volume of $43.76 billion.
Ethereum ETFs Receive $44.16 Million Infusion
Ethereum ETFs experienced a net inflow of $44.16 million on September 9, with BlackRock’s ETHA fund alone attracting this entire amount. This influx marked the end of a continuous six-day outflow streak across Ethereum ETFs. As with Bitcoin, none of the nine Ethereum ETFs reported any outflows.
The trading volume for Ethereum ETFs stood at $1.28 billion. However, the overall net asset value of these funds declined to $27.39 billion, equating to 5.27% of Ethereum’s total market capitalization. The ETHA fund made the most significant contribution with a net asset value of $15.76 billion and an impressive trading volume of $883.3 million.
As of the latest update, ETH’s price dropped by 1.48%, trading at $4,314. Ethereum, the largest altcoin, held a market capitalization of approximately $590.80 billion.
