Crypto bulls are back as Bitcoin and Ethereum ETFs attract over $1.1 billion in inflows, signaling strong institutional demand.
Bitcoin ETFs led the rally on September 12 with $642 million in inflows, marking their fifth straight day of gains. Fidelity’s FBTC drew $315 million while BlackRock’s IBIT added $265 million. Other funds, including Bitwise’s BITB, Ark & 21Shares, VanEck HODL, and Grayscale BTC, also posted healthy inflows. In total, Bitcoin ETFs now manage more than $153 billion in assets with daily trading volume at $3.89 billion, equal to 6.6% of Bitcoin’s market cap.
Ethereum ETFs also saw renewed momentum, attracting $406 million in inflows for their fourth consecutive day of positives. BlackRock’s ETHA and Fidelity’s FETH dominated with $165 million and $163 million respectively, while Grayscale and Bitwise funds added smaller but steady contributions. Ethereum ETFs now hold $30 billion in assets and recorded $2.55 billion in trading volume, representing just over 5% of Ethereum’s market cap.
The impact was clear in market prices. Bitcoin climbed to around $115,846 with a $2.3 trillion market cap, while Ethereum reached $4,724 with a market cap of $570 billion. Daily trading volumes surged to their highest September levels, with Bitcoin topping $46 billion and Ethereum nearly $39 billion.
The strong inflows into both Bitcoin and Ethereum ETFs reflect growing institutional confidence and could mark the beginning of a new crypto bull market.
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