- Bitcoin ETFs saw $163M in inflows on Sept. 18.
- Ethereum ETFs outpaced with $213.1M in daily purchases.
- Combined flows suggest rising institutional interest in crypto.
The crypto markets witnessed a significant wave of institutional investment on September 18 as Bitcoin and Ethereum exchange-traded funds (ETFs) recorded substantial inflows. Bitcoin ETFs brought in approximately $163 million, while Ethereum ETFs surpassed that figure with $213.1 million in purchases. This combined total of over $376 million reflects growing confidence in digital assets, especially from institutional players.
Such strong inflows indicate that investors are becoming more comfortable with using ETFs as a vehicle to gain exposure to cryptocurrencies without the need to directly hold the assets.
Ethereum Leads the Way in ETF Interest
Interestingly, Ethereum ETFs attracted more capital than their Bitcoin counterparts. With $213.1 million in inflows compared to Bitcoin’s $163 million, Ethereum seems to be gaining ground as a favored asset among investors seeking diversified exposure within the crypto space.
This could be due to several factors, including Ethereum’s upcoming upgrades, increased use in decentralized finance ( DeFi ), and speculation around potential spot ETH ETF approvals in the U.S. Investors may be positioning themselves early ahead of any major regulatory shifts.
What This Means for the Market
The inflow of capital into crypto ETFs is often seen as a bullish signal, especially when it’s this sizable. It suggests that traditional finance is increasingly merging with digital assets, allowing broader participation from investors who might otherwise avoid the complexities of direct crypto ownership.
If these inflow trends continue, they could provide upward momentum for both Bitcoin and Ethereum prices and further legitimize the role of crypto ETFs in mainstream finance.
Read also:
- XRP and Dogecoin ETFs Launch with $55M Day-One Volume
- Tom Lee: Fed Rate Cut Is Bullish for BTC and ETH
- Countdown Begins: BlockDAG’s $0.0013 Entry Nears End! Uniswap Holds at $9.60 & Toncoin Tests $3.10
- Bitcoin Price Rises as Long-Term Risk Drops