Monthly Overview
In September 2024, net flows into spot crypto ETFs reached +$1.2B, driven primarily by Bitcoin. The month saw significant inflows into Bitcoin, while Ethereum experienced outflows, reflecting a concentrated movement of capital.
Weekly Breakdown
| Week | Net flow |
|---|---|
| Sep 3 – Sep 6 | -$797.2M |
| Sep 9 – Sep 13 | +$391.0M |
| Sep 16 – Sep 20 | +$371.0M |
| Sep 23 – Sep 27 | +$1.2B |
| Sep 30 | +$60.5M |
Biggest Fund Moves
Largest inflows
- BlackRock (BTC): +$577.9M
- 21Shares (BTC): +$404.2M
- Fidelity (BTC): +$165.2M
- Bitwise (BTC): +$147.6M
- BlackRock (ETH): +$133.5M
Largest outflows
- Grayscale (ETH): -$346.6M
- Grayscale (BTC): -$238.6M
Market Interpretation
Bitcoin was the primary beneficiary of institutional interest, attracting inflows from major funds such as BlackRock and 21Shares. In contrast, Ethereum faced outflows, with Grayscale being a notable contributor to the losses. The strongest day for net flows was September 27, which suggests renewed buying interest, while the worst day on September 3 indicated early month weakness.
Conclusion
Overall, September ended with a positive net figure of +$1.2B. The data underscores a clear preference for Bitcoin amidst a challenging month for Ethereum.
Flows are net creations minus redemptions, published the next morning (T+1). Text written by AI from computed figures. Market data for informational purposes only. Not investment advice.