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TL;DR
- U.S. Ethereum ETFs recorded $29.4 million in net inflows on September 18.
- Fidelity’s FETH brought in $26.2 million.
- The move followed three consecutive sessions of net outflows.
Ethereum ETF flows finally turned positive on Friday, although the rebound was considerably smaller than the one seen in Bitcoin funds.
U.S. spot Ethereum ETFs recorded $29.4 million in combined net inflows on September 18, according to Farside Investors. Fidelity’s FETH was responsible for $26.2 million of that figure.
Bitwise’s ETHW added $1.3 million and VanEck’s ETHV brought in $1.9 million. The remaining funds reported no net movement for the session.
It wasn’t a huge day, but after the previous few sessions, green was probably welcome.
Three Difficult Sessions Came First
Ethereum funds had been under steady pressure heading into Friday.
September 15 produced a $142 million net outflow, followed by another $224.1 million leaving the funds on September 16. September 17 added a further $39.3 million in redemptions.
That means Friday’s $29.4 million inflow only recovers a small portion of the money that left earlier in the week.
Still, the composition is interesting.
Fidelity was the clear buyer, while BlackRock’s ETHA recorded no net flow after being one of the major sources of outflows earlier in the week.
ETF capital can move very differently from crypto’s spot market. Sometimes that reflects portfolio rebalancing, sometimes a large allocator moving through a particular issuer, and sometimes it is simply the timing of creations and redemptions.
A Rebound, Not A Reset
That’s probably the right way to read Friday’s number.
It is a rebound, but not enough to say the week’s outflows have suddenly been reversed.
What it does tell us is that demand for Ethereum exposure through regulated funds hasn’t disappeared. Even after several difficult sessions, buyers were still willing to put fresh capital into the products.
The next few sessions will tell us more.
If inflows broaden beyond Fidelity and begin showing up across multiple issuers, that would look more like a genuine change in the short-term flow pattern. If not, Friday may simply prove to have been a pause in a choppier stretch.
Either way, the ETF market gave Ethereum investors their first positive session after several days of redemptions.
Source: Farside Investors — https://farside.co.uk/eth/
This article was written by the News Desk and edited by Samuel Rae.
