Bitcoin, Ethereum ETFs draw $1.2B in weekly inflows

U.S. spot Bitcoin and Ethereum exchange-traded funds attracted a combined $1.20 billion during the trading week ending Sept. 4, with Bitcoin products accounting for more than 80% of the total. Summary Spot Bitcoin ETFs recorded $986.7 million in weekly net inflows. Ethereum ETFs added $215.3 million, down sharply from the previous week. BlackRock’s Bitcoin funds attracted $691.5 million across the five sessions. The largest combined inflows arrived on Sept. 3 as crypto prices rebounded. Bitcoin ETF inflows approach $1 billion According to data from Farside Investors, U.S. spot Bitcoin ETFs recorded $986.7 million in net inflows between Aug. 31 and Sept. 4. The weekly intake increased about 6.7% from the $924.5 million added during the previous five trading sessions. The funds opened the week with $216.7 million in net inflows on Aug. 31 before recording $236.5 million in withdrawals on Sept. 1. Demand returned over the following three sessions, producing inflows of $101.1 million, $730.8 million, and $174.6 million. Sept. 3 accounted for roughly 74% of the entire weekly total. BlackRock’s spot Bitcoin products attracted $454 million that day, while ARK Invest and 21Shares’ ARKB add...