Bitcoin and Ethereum Propel Crypto Market Recovery Amid Institutional Capital Surge

The cryptocurrency market has shown resilience, with Bitcoin (BTC) and Ethereum (ETH) driving a notable rebound. Improved investor sentiment on September 11th contributed to an increase in the total market capitalization of digital assets, rising by approximately 1.6% compared to the prior day to reach $3.96 trillion, equivalent to KRW 5,518.26 trillion. Bitcoin dominance in the market grew slightly to 57.3%, while the Alternative Fear & Greed Index remained neutral, scoring 47.

Bitcoin and Ethereum Maintain Momentum

Bitcoin exhibited steady gains, advancing 1.65% over the past 24 hours to trade at roughly $114,011. This marked two consecutive days of positive performance. Ethereum followed with an impressive 2.61% rise, reaching $4,428. Both assets maintained their upward trajectory in the CME futures market, where September BTC futures closed at $114,880 (+0.44%), and September ETH futures stood at $4,448 (+2.65%).

ETF Markets Draw Substantial Institutional Inflows

One of the key drivers behind this rebound was the significant influx of institutional capital into Bitcoin spot ETFs. On September 10th, Bitcoin ETFs attracted net inflows of $741.5 million (approximately KRW 1.033 trillion), representing a staggering 32-fold increase compared to the previous day. Among the most prominent contributors were BlackRock’s iShares Bitcoin Trust (IBIT) with $211.2 million (KRW 294.3 billion) and Fidelity’s Wise Origin Bitcoin Trust (FBTC) with $299 million (KRW 416.7 billion). Additional support came from ARK Invest’s ARKB, which garnered $145.1 million (KRW 202.2 billion), and Bitwise’s BITB, with $44.4 million (KRW 61.9 billion).

Ethereum ETFs also showcased encouraging trends. Net inflows totaled $171.5 million (approximately KRW 239 billion), marking the first positive inflow for September. BlackRock led the pack with its ETHA fund attracting $74.5 million (KRW 103.8 billion), followed by Fidelity’s FETH with $49.5 million (KRW 69 billion) and VanEck’s ETHV at $11.1 million (KRW 15.5 billion). These distributed inflows highlight growing institutional interest across major asset managers.

Institutional Appetite Signals Shift Toward Risk-On Sentiment

The influx of capital into crypto ETFs underscores a broader shift in institutional sentiment toward risk-on assets. This trend is particularly evident given the volatility of crypto prices in recent months. Noteworthy is the resurgence in Ethereum ETF participation, signaling that institutions increasingly view Ethereum as a core investment asset alongside Bitcoin.

Altcoins Ride the Wave of Optimism

Altcoins joined in the market recovery, with broad-based gains across the board. Solana (SOL) led altcoins with an 8.11% surge, reclaiming the $224 level. Cardano (ADA) rose 4.02%, solidifying its market position. Meme coins experienced significant momentum, spearheaded by Dogecoin (DOGE), which skyrocketed 15.97%. Other notable performers included Tron (TRX) and Stellar Lumens (XLM), both posting modest increases of 2–4%.

Broader Market Sentiment Mirrors Crypto Optimism

Positive market sentiment extended beyond cryptocurrencies, reflecting an improving risk environment across traditional financial markets. The U.S. Dollar Index (DXY) edged up 0.16% to 97.549, while the yield on the 10-year U.S. Treasury increased slightly to 4.06%. Risk assets demonstrated recovery, echoing the upward trajectory observed in the digital asset sector.

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• Dogecoin Surges 5%, Bitcoin Breaks $114k – M2 Model Indicates 'Undervaluation'

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