Bitcoin ETFs Snap Rebound as Ethereum Funds Bleed
Bitcoin's ETFs have snapped out of their two-day streak of heavy withdrawals. According to Farside data, they took in $159.5 million on September 17, marking a significant turnaround from the previous days' losses. BlackRock's IBIT led the rebound with an impressive $183.7 million inflow.
Fidelity's FBTC and VanEck's HODL saw less favorable numbers, losing $16.6 million and $7.6 million respectively. The renewed demand provided support to Bitcoin as it tried to recover from the Federal Reserve's latest decision.
However, not all assets are experiencing a similar surge in popularity. Ethereum ETFs continued their three-session streak of withdrawals, with $39.3 million leaving on September 17 alone. BlackRock's ETHA drove most of this outflow, contributing $42.9 million to the total.