The spot exchange-traded funds tracking the largest cryptocurrency attracted almost $1 billion in the past week, despite the $236 million in net outflows registered on September 1.
The Ethereum ETFs were also well in the green. They have marked more inflows than outflows for eight out of the past nine weeks.
BTC ETFs See Another $1B in Inflows
Thus, the total number for the week was $986.85 million, bringing the cumulative net inflows to $55.62 billion. Recall that this number had plummeted to $51.79 billion in mid-August.
BlackRock’s IBIT remains the undisputed leader in the ETF space, with cumulative net assets exceeding $62.6 billion. Fidelity’s FBTC follows suit with $14.07 million, and Grayscale’s larger fund, GBTC, is next with $10.36 billion.
ETH ETFs in Green, Too
The financial vehicles gained $824.42 million during the week that ended on August 28, and another $218.41 million in the first week of September. Thursday was once again the most notable day in terms of net inflows, with $141.39 million entering the funds. Another $87.68 million went in on Monday, $10.95 million on Tuesday, and $26.46 million on Friday. The only red day was Wednesday with $48.08 million.
The cumulative total net inflows have skyrocketed from $10.89 billion in early July to $13.19 billion on September 4.
