US-registered Spot Bitcoin and Ethereum Exchange Trade Funds (ETFs) pulled out net inflows of over $1 billion on September 29th, renewing investors’ trust after weeks of mass outflows.
The sharp turnaround came as the broader crypto market sentiment improved and price staged rebounds.
Bitcoin and Ethereum ETFs are leaked
Data from SOSOValue shows that Bitcoin ETF has won a $521.95 million inflow, with Fidelity’s FBTC taking on a massive amount of activity. The fund pulled in $298.7 million. This is more than half of the net daily total.
Other key contributors included ARK 21Shares’ ARKB, with $62.18 million inflows, Grayscale’s BTC and Bitwise’s BITB each donated about $47 million, while Invesco’s BTCO raised fresh capital of $35.34 million.
Meanwhile, Vaneck’s HODL added $3000.66 million, while Grayscale’s GBTC brought $26.91 million. The smaller, but notable benefits were $16.51 million from EZBC in Franklin Templeton and $4.03 million from BRRR in Valkyrie.
In particular, BlackRock’s IBIT, the dominant Bitcoin ETF, was the only product to register losses, with a $46.64 million spill. This marked the third day of the fund withdrawal in September.
Meanwhile, the Ethereum ETF saw an even stronger inflow that day, totaling $546.96 million. Fidelity’s Feth led the fees at $22.18 million, followed by BlackRock’s ETHA for $154 million.
Grayscale’s Eth and Ethe added $99.84 million and $22.77 million respectively, while Bitwise’s EthW saw an inflow of $3,652 million.
Recovery of the crypto market
The inflow coincided with a sharp recovery in asset prices, reinforcing the view that institutional demand remains highly sensitive to market signals.
Timothy Misir, BRN’s research director, pointed out that Bitcoin has returned to $114,000, as Bitcoin erased much of its losses from the previous week and formed a sharp V-shaped recovery.
He said BTC investors have consistently defended the $110,000 to $111,000 range, creating a series of higher lows that strengthen bullish confidence.
Misir continued that resistance was between $115,000 and $116,300. He said integration in that zone is likely before the push gets high, but emphasized that momentum will remain constructive as long as Bitcoin exceeds $109,000.