Spot Bitcoin and Ether ETFs Attract $1.1 Billion in Net Inflows
The U.S. spot Bitcoin and Ether exchange-traded funds (ETFs) drew in $1.1 billion last week, with nearly 80% of the total concentrated on a single day.
According to CoinMarketCap data, from August 31 to September 4, spot Bitcoin ETFs recorded net inflows of $968.9 million, while spot Ether ETFs took in $130.3 million.
The combined net inflows for the two assets totaled $1.1 billion, down 32.8% from the previous week. The largest daily net inflow since January 14 was seen on September 3, when the funds attracted $863.2 million, accounting for 78.5% of the week's total.
The flow of funds was heavily skewed toward Bitcoin, with weekly net inflows into spot Ether ETFs plummeting 82.3% from the previous week and Ether's share of total ETF inflows falling to 11.9% from 45.0%.