Crypto ETF Divergence
Bitcoin ETFs attract $159M in inflows while Ethereum funds extend losing streak
Anonymous
Key Points
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Ether rose about 2% to approximately $2,470 during the same period that U.S. spot ether ETFs recorded their third consecutive day of outflows, indicating that ETF redemptions occurred despite a modest increase in the underlying asset’s price.
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U.S. XRP funds recorded roughly $5 million in outflows on September 17, reversing the small inflow they posted the previous day.
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The single U.S. Zcash fund attracted nearly $47 million, its strongest showing to date, and had accumulated more than $230 million in inflows during the month.
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Despite the recent withdrawals, ether ETFs remained more than $1.5 billion ahead in net flows over the prior 30 days, while bitcoin ETFs were ahead by nearly $2.5 billion over the same period.
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Several major cryptocurrencies gained alongside the ETF-flow data: Zcash rose about 10% to roughly $1,488, Solana gained 5% to nearly $105, BNB increased almost 4% to about $750, and bitcoin rose more than 1% to approximately $77,216.
U.S. spot Bitcoin ETFs pulled in $159.5 million on September 17, breaking a one-day pause in inflows crypto.news. But Ethereum ETFs went the opposite direction, shedding $39.3 million and extending their losing streak to three straight days incrypted.com. The split shows investors favored Bitcoin exposure over Ether exposure this week.
BlackRock's IBIT Bitcoin fund drove the day's gains, while BlackRock's ETHA Ethereum fund led the outflows with $42.9 million in withdrawals cryptobriefing.com. Despite Ethereum's price rising 2% to $2,470, the ETF withdrawals kept flowing out. Over the past 30 days, though, Bitcoin ETFs still lead with $2.5 billion in gains, and Ethereum ETFs are ahead by $1.5 billion.
BlackRock's Bitcoin Fund Carries the Rally
BlackRock's IBIT Bitcoin ETF pulled in nearly all the day's $159.5 million in inflows, according to crypto.news data. Other Bitcoin funds posted modest outflows, suggesting the gains were concentrated in one product rather than spread across the market en.bloomingbit.io. Still, Bitcoin itself climbed more than 1% to $77,216, showing steady demand for the largest cryptocurrency.
Ethereum Continues Three-Day Withdrawal Streak
Ethereum ETFs lost $39.3 million on September 17, marking the third straight day of outflows incrypted.com. BlackRock's ETHA fund alone pulled out $42.9 million, though Fidelity's FETH and VanEck's ETHV each attracted small inflows cryptobriefing.com. Combined Ethereum withdrawals over the three-day period totaled roughly $405 million, despite Ether's price climbing 2%.
Zcash ETF Posts Its Strongest Month Ever
The U.S. Zcash fund attracted nearly $47 million on September 17, marking its strongest single day to date crypto.news. By month's end, the fund had accumulated more than $230 million in inflows, far outpacing older crypto ETF products incrypted.com. Zcash's price surged about 10% to roughly $1,488, helping fuel investor interest in the privacy-focused coin.
Other Altcoins Rise on Strong Institutional Demand
Beyond Bitcoin and Ethereum, several major cryptocurrencies climbed sharply cryptobriefing.com. Solana gained 5% to nearly $105, BNB increased almost 4% to about $750, and Zcash rose 10% to roughly $1,488. XRP funds posted $5 million in outflows, reversing the prior day's modest inflow, signaling more selective institutional appetite across the market.
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