Crypto Market Sees Ethereum ETF Surge, Bitcoin Suffers Fourth Straight Outflow

The crypto market saw significant action on Friday, September 11, as Ethereum ETFs took in $216 million, while Bitcoin's ETFs suffered a net outflow of $13.29 million for their fourth consecutive day.

Ethereum's $216 million influx reversed a $24 million outflow from the previous week, indicating a shift towards fresh buying among investors. In contrast, Bitcoin's ETFs saw a reversal from strong buying to steady selling over the past two weeks.

XRP's ETFs, on the other hand, recorded a net flow of $0, despite $36 million in trading activity. This lack of movement is attributed to the fact that XRP funds are still relatively new and have not yet established a consistent two-way flow like Bitcoin funds.