Bitcoin, Ethereum ETF Recap: What Was US Investors’ Strategy During Fed’s Rate-Cut Week?
The spot Ethereum ETFs have seen two consecutive days of net inflows.
It was a big week for financial markets and the global economy as the central bank of the world’s strongest economy pivoted from its monetary policy and reduced the key interest rates by 0.5%.
As such, it’s worth reviewing how local investors behaved when it comes down to their interactions with spot Bitcoin and Ethereum ETFs.
BTC ETFs on the Inflow Side
CryptoPotato reported on Wednesday that US investors were on a shopping spree for the spot Bitcoin ETFs. In the four trading days leading to the FOMC meeting, the net inflows to the 11 financial vehicles were just over $500 million.
Their behavior changed on the day of the rate cuts as the numbers turned red, with $52.7 million in net outflows . However, they reversed their strategy once again on Thursday and Friday, with $158.3 million and $92 million in net inflows, respectively.
On a weekly scale, this means that there were more withdrawals only on Wednesday. Overall, the total net inflows for the week stood at $397.2 million.
What’s particularly interesting about the past few weeks is the lack of actual interest in the largest Bitcoin ETF – BlackRock’s IBIT. It has seen only one day of positive flows since August 26, which occurred on September 15. There have been two days of net outflows within the same timeframe, while all other trading days saw no reportable action, according to FarSide.
In contrast, Fidelity’s FBTC has attracted impressive amounts on September 17 ($56.6 million), September 19 ($49.9 million), and September 20 (26.1 million). Ark Invest’s ARKB and Bitwise’s BITB have also seen impressive flows in the past few weeks.
Ethereum ETFs See Positive Streak
The spot Ethereum ETFs have failed to attract investors’ attention in the two months they have traded on US exchanges. However, there have been some minor positive signs in the past couple of days.
FarSide shows two consecutive days of net inflows – $5.2 million on Thursday and $2.9 million on Friday. Nevertheless, these numbers are still quite insignificant and the overall weekly figure is in the red.
The net outflows stood at $9.4 million on Monday, $15.1 million on Tuesday, and $9.8 million on Wednesday. As such, the Fed’s rate-cut week ended with $26.2 million in net outflows for the Ethereum ETFs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Price Analysis: BTC Loses Key Support – How Low Could It Go?

VIPBitget VIP Weekly Research Insights
Recently, BTC has weakened, altcoins have declined across the board, and trading volume on the Solana blockchain has continued to shrink. Daily transaction volume on Solana has hit new yearly lows, with over $200 million in sell-offs on pump.fun in just over two months since the start of the year. Additionally, the hype surrounding Argentina's president-related memecoin last weekend drained additional liquidity from the Solana network. Adding to investor concerns, a large amount of SOL is set to be unlocked on March 1, exacerbating deteriorating sentiment and leading to a noticeable decline in market wealth effects. Against this backdrop, investors are advised to reduce leverage, manage risk, and reserve funds for potential dip-buying opportunities. This edition highlights several USDT-based, SOL-based, and BTC-based Earn products, offering investors a diverse range of investment options.

Bitcoin News: $1.25B Stablecoin Injection—Fuel for the Next BTC Pump?

Franklin Templeton seeks SEC approval for a Solana ETF involving staking
Quick Take Franklin Templeton’s registration statement posted on Friday included language around language on staking for a proposed Franklin Solana ETF. “I think staking will ultimately be allowed for all proof-of-stake assets inside an ETF wrapper,” said Bloomberg ETF analyst James Seyffart.

Trending news
MoreCrypto prices
More








