On September 12, Bitcoin and Ethereum spot ETFs witnessed a combined inflow of $1.048 billion, marking one of the largest single-day boosts in institutional investment since these products launched.
Key Takeaways
- Bitcoin ETFs led with $642 million in inflows, pushing their total net inflows to $56.8 billion.
- Ethereum ETFs bounced back with $405 million in daily inflows, reversing last week’s heavy outflows.
- Analysts indicate both Bitcoin and Ethereum are showing bullish signals, with potential for new record highs soon.
Bitcoin ETFs Fuel Market Momentum
Bitcoin ETFs dominated with $642.35 million in inflows in just one day, raising cumulative net inflows to $56.83 billion. Weekly activity remained strong, adding $2.34 billion and driving total trading volume to $16.65 billion—a sharp rebound from the prior week’s modest $246.42 million inflows.
Ethereum ETFs Stage a Strong Comeback
After recording outflows of $787.74 million the previous week, Ethereum ETFs reversed sentiment with $637.69 million in weekly inflows. The single-day jump of $405.55 million on September 12 was among their strongest performances yet, highlighting growing confidence from institutional investors.
Positive Technical Signals Ahead
Experts note Ethereum’s recovery above $4,700 positions it to test the $4,880 resistance level, with the chance of hitting new all-time highs if that barrier is broken. Bitcoin has also reclaimed its long-term trendline, closing with strength above it. Analysts view this as a bullish sign, suggesting Bitcoin could be on track to set fresh highs within the next few weeks.
