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Bitcoin and Ethereum spot ETFs draw $1.06B as institutions return
Bitcoin and Ethereum spot exchange-traded funds recorded a combined $1.06 billion in net inflows on September 29, signaling renewed institutional demand ahead of a historically bullish October for crypto markets. The moves reflect growing appetite for regulated spot BTC and ETH exposure as investors prepare for a potential end-of-year rally.
Spot BTC ETFs: $522M in net inflows, led by Fidelity
Data from SoSoValue shows the 12 US spot Bitcoin ETFs pulled in approximately $521.95 million on Monday, reversing two straight days of outflows that had collectively removed about $676.7 million from these funds. Fidelitys FBTC dominated the day, attracting $298.7 million in net inflows. Other notable winners included ARK 21Shares ARKB with $62.1 million, Bitwise BITB with $47.1 million, VanEcks HODL with $35.3 million, and Invescos BTCO with $30.6 million.
Grayscale's legacy GBTC and the Bitcoin Mini Trust also contributed, adding $26.9 million and $47 million respectively. Franklin Templeton EZBC and Valkyrie BRRR posted more modest inflows of $16.5 million and $4.03 million. On the downside, BlackRocks IBIT, the largest Bitcoin ETF by assets under management, bucked the trend with net outflows of $46.6 million on the session.
Spot ETH ETFs outpace BTC with $547M inflows
Spot Ethereum ETFs again outperformed their Bitcoin counterparts, recording $546.96 million in net inflows on Monday and breaking a five-day streak of withdrawals that had totaled over $795 million. Fidelitys FETH and BlackRocks ETHA captured the bulk of demand, drawing $202.1 million and $154.2 million respectively. The remaining ETH spot funds added a combined $190.5 million, underscoring broad-based institutional interest in spot ETH exposure.
With these inflows, crypto ETF flows look set to close September on a positive note, potentially marking a sixth consecutive month of net inflows into spot crypto ETFs. Institutional allocations to spot BTC and ETH remain a key driver for market liquidity and price discovery.
Macro data and the October outlook
The inflows arrived as market sentiment improved heading into October, a month that has historically delivered double-digit gains for Bitcoin and other major crypto assets. On-chain investors and tradfi allocators are closely watching macroeconomic data that could influence Federal Reserve policy and risk sentiment next month.
Important US economic releases this week include Tuesday's JOLTS job openings, Wednesday's ISM Manufacturing PMI, Thursday's weekly jobless claims, and Friday's unemployment rate. Stronger-than-expected labor or manufacturing data could push back rate cut expectations, potentially dampening risk appetite. Conversely, softer data would likely increase optimism for sooner easing, supporting risk assets such as Bitcoin and Ethereum.
Price context: BTC and ETH regain key levels
As investors moved back into ETFs, Bitcoin reclaimed a key support near $112,000, a level cited by multiple analysts as critical to maintaining a bullish trajectory. Ethereum bulls also regained ground, pushing ETH back above $4,200 after last week’s pullback.
At press time, Bitcoin was trading around $113,923, up approximately 2.3%, while Ethereum hovered near $4,190 with similar gains. These price moves, coupled with renewed ETF inflows, suggest institutional allocations are helping to stabilize and potentially propel crypto prices into Q4.
What this means for investors
Institutional flows into spot BTC and ETH ETFs are a meaningful barometer of sentiment. For traders and long-term holders, continued inflows could signal stronger liquidity and reduced volatility over time. However, investors should remain attentive to macro developments and Fed guidance, as those factors could rapidly alter the risk backdrop for cryptocurrencies.
Overall, Monday's $1.06 billion of combined spot ETF inflows reinforces the narrative of institutional re-entry and sets a constructive tone for October, while keeping market participants mindful of upcoming economic data that could influence the rally.
Source: crypto
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