- Bitcoin spot ETFs net $494M on Sept 27, led by ARKB with $203M, marking 7 consecutive days of inflows.
- Ethereum ETFs had a mixed day: FETH gained $42.5M, ETHA added $11.5M, but ETHE saw an outflow of $10.7M.
- Over the week, Bitcoin showed stable price moves, while Ethereum’s volatile performance peaked at a 6% gain on Sept 28.
Spot exchange-traded funds (ETFs) for Bitcoin and Ethereum saw continued inflows on September 27, signaling sustained investor interest. Bitcoin spot ETFs experienced net inflows of $494 million, marking seven consecutive days of net gains.
Among the contributors, Ark Invest and 21Shares’ ARKB ETF led with a $203 million inflow, followed by Fidelity’s FBTC ETF, which added $124 million. This trend highlights a growing interest for Bitcoin exposure through traditional investment assets.
Ethereum ETFs Show Mixed Performance
On the same day, Ethereum spot ETFs recorded a total net inflow of $58.6487 million. However, the performance varied across different funds. Notably, Grayscale’s ETHE ETF faced an outflow of $10.7183 million, contrasting with Fidelity’s FETH ETF, which gained $42.5389 million.
BlackRock’s ETHA ETF also contributed positively, adding $11.4592 million to the net total. This mixed performance reflects diverse market dynamics among major players in the Ethereum ETF space.
Comparative Price Performance: Bitcoin vs. Ethereum
A comparison of Bitcoin and Ethereum’s price performance over a seven-day period from September 22 to September 28 reveals contrasting trends. Bitcoin’s price, represented by a blue line, fluctuated within a narrower range, generally between -2% and +4%. Although there were noticeable peaks and dips, Bitcoin’s overall movement remained relatively stable.
In contrast, Ethereum, indicated by a red line, demonstrated more volatile behavior, with percentage changes ranging from -2% to +6%. Its price showed a stronger upward trajectory, especially towards the end of the week, reaching its peak around September 28. This upward momentum in Ethereum suggests a more dynamic response compared to Bitcoin, particularly in the final days of the observed period.
Overall, the data suggests that while both Bitcoin and Ethereum exhibited positive growth during the week, Ethereum achieved higher percentage gains with increased volatility. This divergence highlights the unique investment profiles of these two major cryptocurrencies, especially in the context of spot ETFs, which continue to attract investor interest.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
