Fidelity’s FBTC Leads US-Based Spot Bitcoin ETFs Race by Minting $112 Million Net Inflows

The US spot Bitcoin ETFs amassed net inflows of $117 million. Impressively, Fidelity's FBTC led the market with a whopping $63 million in net inflows, bringing its total net inflows to $9.5 billion.

Spot Ethereum-based ETFs were also positive, with net inflows of $11.4 million.

US Bitcoin ETFs Record $117 Million In Inflows

The US spot Bitcoin ETFs recorded another daily inflows amounting to $117 million, according to data from Farside Investors.

Impressively, the Fidelity Wise Origin Bitcoin Fund (FBTC) led the ETF market with $63.2 million in net inflows, bringing the fund's total market stance to approximately $9.5 billion as of September 10.

Further, the data showed that Grayscale's BTC took second in the daily flows with net inflows of $41.1 million. Similarly, ARK 21Shares' ARKB amassed net inflows of $12.7 million on the same day.

However, BlackRock's IBIT and the others, including Grayscale's GBTC, marked zero daily flows. It is worth noting thatIBIT has yet to see net inflows since August 26. Surprisingly, no ETF recorded any outflow for the day.

Notably, the products turned their market trend on Monday after a prolonged streak of net outflows over the past few days. During the days of negative flows, the US ETF market lost more than 41.2 billion from late August to early September.

As of September 10, the 12 US-based spot Bitcoin ETFs had net inflows of over $17.04 billion. BlackRock's IBIT remains the largest Bitcoin ETF, with net inflows of over $20.9 billion.

Fidelity's FBTC is in second place with a total of $9.5 billion in inflows. The third-largest BTC ETF is ARK 21Shares' ARKB, with net inflows of $2.2 billion.

US Spot Ethereum-Based ETFs Play In The Green

Like the positive trend in spot Bitcoin ETFs, Ethereum-based ETFs also performed well. Farside Investors' data indicated that US spot Ether ETFs saw net inflows of $11.4 million on September 10.

The details showed that only two products posted inflows for the day. While Fidelity's FETH amassed $7.1 million, Blackrock's ETHA recorded $4.3 million in net inflows. However, the remaining products reported zero net flows for the day.

Further, the ETH ETFs' daily trading volume hit $102.87 million on Tuesday, a slight drop from $124.51 million on Monday. As of September 10, the nine US spot Ethereum ETFs have net outflows of $562.06 million.

Meanwhile, the broader crypto market still shows signs of volatility.According to CoinMarketCap data, thecumulative crypto market cap sits at $2 trillion, a 0.91% decline over the past day.

The overall market sentiment indicates fear, as the Fear & Greed Index reads 32 out of 100. Bitcoin's price hovers around $56,748 after a 0.59% decrease in the last 24 hours. Ether trades at $2,326, following a 0.97% drop over the past day.

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