These ETF funds are still speaking with real money.
According to BlockBeats, on September 23, Farside Investors monitoring showed that U.S. spot Bitcoin ETFs had net inflows of $714.7 million yesterday, continuing for 3 consecutive trading days with daily inflows exceeding $400 million; spot Ethereum ETFs recorded net inflows of $162.2 million on the same day. IBIT, FBTC, ETHA, and FETH remain the main recipients.
At least, this kind of data indicates two things: first, institutional spot buying is still picking up the baton; second, after BTC breaks out to higher levels and ETH plays catch-up, both could continue to receive capital support. On the other hand, it’s also worth watching: if ETF buying starts to cool off while prices have already been pushed up in advance, pullbacks often see amplified volatility. What’s more important to watch next is whether inflows can continue to stay at high levels.
Are you more focused on BTC’s high-level breakout, or on the continuation of ETH’s catch-up rally?
Figure 1: BTC and ETH ETF continue to see large net inflows · Source page partial screenshot
Image source: https://www.theblockbeats.info/flash/368566
According to BlockBeats, on September 23, Farside Investors monitoring showed that U.S. spot Bitcoin ETFs had net inflows of $714.7 million yesterday, continuing for 3 consecutive trading days with daily inflows exceeding $400 million; spot Ethereum ETFs recorded net inflows of $162.2 million on the same day. IBIT, FBTC, ETHA, and FETH remain the main recipients.
At least, this kind of data indicates two things: first, institutional spot buying is still picking up the baton; second, after BTC breaks out to higher levels and ETH plays catch-up, both could continue to receive capital support. On the other hand, it’s also worth watching: if ETF buying starts to cool off while prices have already been pushed up in advance, pullbacks often see amplified volatility. What’s more important to watch next is whether inflows can continue to stay at high levels.
Are you more focused on BTC’s high-level breakout, or on the continuation of ETH’s catch-up rally?
Figure 1: BTC and ETH ETF continue to see large net inflows · Source page partial screenshot
Image source: https://www.theblockbeats.info/flash/368566
