Bitcoin (BTC) and Ethereum (ETH) ETFs Experience Notable Inflows Amid Recovery

Bitcoin (BTC) and Ethereum (ETH) ETFs Hit Multi-Week Highs

Bitcoin and Ethereum ETFs recorded the highest multi-week inflows in the session ending Friday, September 27. This surge happens amid ongoing chatter about the crypto market's recovery. With September typically being Bitcoin's worst month, markets are poised for better fortunes in October.

Crypto ETFs Inflows Reach New Heights

• 7,526 Bitcoin (BTC) and 22,310 Ethereum (ETH) bought on Friday.
• Net inflows: $494.4 million for Bitcoin ETFs; $58.7 million for Ethereum ETFs.
• Bitcoin ETFs achieved total positive flows of $1.11 billion, marking the largest weekly inflow since July 19.
• Ethereum ETFs had total inflows of $84.6 million, the largest since August 9.

Investors Show Support Amidst Challenges

According to Spotonchain, Bitcoin and Ethereum ETFs are seeing upward momentum. BlackRock’s IBIT ETF is leading with consistent inflows, while institutional interest in Bitcoin remains high, attracting over 1,000 investors in recent filing cycles.

Optimism Grows Despite Market Challenges

Although Ethereum ETFs face tough competition, the current market shows signs of recovery as Bitcoin stays robust above $65,500. Broader economic factors, including potential fiscal aid in China and recent US Federal Reserve actions, are bolstering Bitcoin's appeal.