U.S. bitcoin ETFs post marginal weekly inflow after $433 million Friday rebound

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Bitcoin ETFs weekly inflow rebound

Highlights

U.S. bitcoin ETFs posted a $6.2 million net weekly inflow after a $433.0 million Friday rebound, led by Fidelity's $310.7 million and BlackRock's $108.4 million.
IBIT led bitcoin ETF net inflows for the week with $120.7 million, while cumulative year-to-date inflows stand at $55.16 billion and net assets total $102.53 billion.
Ether ETFs ended a four-week inflow streak with $56.1 million in weekly outflows, despite BlackRock's ETHA attracting $114.3 million on Friday and trading volumes rising across both bitcoin and ether ETFs.

Weekly flow reversal led by Fidelity and BlackRock

The Block reports that Friday's $433.0 million net inflow gives bitcoin ETFs their largest daily intake since Sept. 3, when the products drew $730.9 million. The late-week rebound follows a volatile stretch in which Monday's $160 million inflow is followed by outflows of $450.3 million on Tuesday and $296 million on Wednesday, before $159.5 million returns on Thursday.

Fidelity's FBTC contributes $310.7 million of Friday's total, while BlackRock's IBIT adds $108.4 million. Bitwise, VanEck, and Ark and 21Shares also post smaller inflows, helping the category recover enough to end the week with a slim $6.2 million net gain.

Over the full week, however, IBIT leads individual bitcoin funds with $120.7 million in net inflows, ahead of FBTC's $79.9 million. The remaining bitcoin funds collectively lose about $194.4 million, showing that the category's near-flat weekly result depends heavily on the two largest issuers.

Ether streak ends as trading activity increases

Bitcoin ETFs remain down about $1.45 billion in net flows this year, even though cumulative inflows since launch stand at $55.16 billion and net assets total $102.53 billion as of Friday. Bloomberg ETF analyst Eric Balchunas says in a Thursday post on X that investor resilience remains notable, with cumulative inflows holding near $55 billion after previously peaking around $63 billion despite a 50% drawdown.

For ether ETFs, losses from Tuesday through Thursday total $404.8 million and bring the products' four-week inflow streak to an end. BlackRock's ETHA attracts $114.3 million on Friday but still closes the week with $56.1 million in outflows, while Fidelity's FETH posts a weekly loss of $25.8 million despite a $26.2 million Friday addition.

The weekly outflow is the first for ether ETFs since the week ending Aug. 14, although the group remains positive for the year with about $922 million in net inflows. Trading volume also rises across both categories, with bitcoin ETF volume increasing to $16.17 billion from $8.77 billion a week earlier and ether ETF volume climbing to $6.82 billion from $5.14 billion, helped in part by a return to a full five-day trading week after the prior Labor Day-shortened session.

Technology stocks regaining market leadership was the focus of our earlier coverage, as markets digested a fresh Federal Reserve rate hike alongside inflation and growth concerns. We noted that banks and other rate-sensitive shares were under pressure while parts of the tech and AI complex stabilized as investors reassessed whether spending would materially slow.

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