However, Ethereum ETFs continue to experience net outflows overall since their summer launch.

According to SoSoValue data, 12 spot Bitcoin ETFs recorded net inflows of $92 million on Friday, September 20. This represents a 42% decrease from the previous day’s $158 million inflows.

Fidelity’s FBTC ETF led the way with inflows of $26.1 million. However, this amount was lower than the entry of $ 49.9 million the day before. ARK 21Shares’ ARKB and Bitwise’s BITB ETFs saw net inflows of $22 million and $15.1 million, respectively.

Additionally, Grayscale Bitcoin Mini Trust, VanEck’s HODL, and Valkyrie’s BRRR ETFs recorded inflows of $13.4 million, $7.1 million, and $5.2 million, respectively.

Invesco’s BTCO ETF brought in $3.1 million after a two-day trading lull. However, the other five spot Bitcoin ETFs did not see any trading. Spot Bitcoin ETFs, launched in January 2024, have recorded a total net inflow of $17.7 billion to date.

Bitcoin price continues to trade around $63,600 and investor interest continues to increase.

Ethereum ETFs also saw net inflows over the weekend. Nine U.S.-based spot Ethereum ETFs recorded a combined net inflow of $2.87 million on Friday, September 20. However, these inflows remained lower compared to net inflows of $5.2 million the day before.

All inflows on Friday flowed into Grayscale’s Ethereum Mini Trust fund; There was no transaction in this fund for two days. The other eight Ethereum ETFs were not traded during the same day and for most of last week.

Grayscale’s other Ethereum product, Ethereum Trust (ETHE), continued to experience large outflows at the beginning of the week. Investors transferred some of their funds to the lower-fee Ethereum Mini Trust.

Spot Ether ETFs have experienced a total net outflow of $607.47 million since their launch in July. Ethereum is trading at around $2,646, up 15% on a weekly basis.

Additionally, on Friday, September 20, the U.S. Securities and Exchange Commission (SEC) granted Nasdaq permission to list and trade options using BlackRock’s Bitcoin ETF, IBIT, as the underlying asset.

According to the SEC filing, these IBIT options will be physically settled in Bitcoin. Nasdaq stated that IBIT options are subject to the exchange’s listing standards. This move could pave the way for more liquidity and institutional investment in the cryptocurrency sector.

Experts in the cryptocurrency industry think that this move by BlackRock will attract more institutional investors to the sector.

However, OCC (Options Clearing Corporation) and CFTC (Commodity Futures Trading Commission) approval is still required for IBIT options to begin trading in the market. Still, this development is considered a big step in the industry.

As these developments continue to demonstrate the impact of spot Bitcoin and Ethereum ETFs on the market, investors and analysts are closely watching what impact these innovations in the cryptocurrency ecosystem will have.