Bitcoin, Ethereum ETF inflows top $1B: Fidelity leads, BlackRock lags

US-listed spot Bitcoin and Ethereum exchange-traded funds (ETFs) drew more than $1 billion in net inflows on Sept. 29, signaling renewed investor confidence after weeks of heavy outflows.

The sharp turnaround also came as the broader crypto market sentiment improved and prices staged a notable rebound.

Bitcoin and Ethereum ETFs outflows

Data from SoSoValue shows that Bitcoin ETFs captured $521.95 million in inflows, with Fidelity’s FBTC accounting for the bulk of activity. The fund pulled in $298.70 million, which is more than half of the day’s net total.

Other major contributors included Ark 21Shares’ ARKB, which saw $62.18 million in inflows, Grayscale’s BTC and Bitwise’s BITB, which contributed approximately $47 million each, and Invesco’s BTCO attracted $35.34 million in fresh capital.

Meanwhile, VanEck’s HODL added $30.66 million, while Grayscale’s GBTC brought in $26.91 million. Smaller but notable gains came from Franklin Templeton’s EZBC at $16.51 million and Valkyrie’s BRRR at $4.03 million.

Notably, BlackRock’s IBIT, the dominant Bitcoin ETF, was the only product to register losses, with $46.64 million in outflows. This marked the fund’s third day of withdrawals in September.

On the other hand, Ethereum ETFs saw even stronger inflows on the day, totaling $546.96 million. Fidelity’s FETH led the charge with $202.18 million, followed by BlackRock’s ETHA at $154.20 million.

Grayscale’s ETH and ETHE added $99.84 million and $22.77 million, respectively, while Bitwise’s ETHW saw $36.52 million in inflows.

Crypto market recovery

The inflows coincided with a sharp recovery in asset prices, reinforcing the view that institutional demand remains highly sensitive to market signals.

Timothy Misir, head of research at BRN, pointed out that Bitcoin climbed back to $114,000, erasing much of the prior week’s losses and forming a sharp V-shaped recovery.

According to him, BTC investors consistently defended the $110,000 to $111,000 range, creating a sequence of higher lows that strengthened bullish conviction.

Misir continued that the resistance lies between $115,000 and $116,300. He noted that consolidation in that zone is likely before any push higher, but stressed that as long as Bitcoin trades above $109,000, momentum remains constructive.

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