출처: Block Media
BlackRock ETHA Surges with $360 Million Daily Inflow as ETH ETFs Extend Winning Streak
Ethereum exchange-traded funds (ETFs) are making waves as institutional investment flows surge, signaling renewed momentum in the digital asset market. Despite minor declines in the prices of major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), the spotlight has firmly shifted to the spot ETF market, which has seen consistent daily inflows. After a relatively muted start to the year, these inflows have recently gained significant steam, now reaching hundreds of millions of dollars.
Ethereum ETFs Outpace Bitcoin in Institutional Inflows
Though Bitcoin ETFs initially dominated institutional investment flows earlier in the year, the dynamics have shifted notably in recent weeks. Beginning on September 9, Ethereum ETFs also began attracting substantial inflows, culminating in a historic turning point on September 15. On this day, ETH ETF inflows surpassed those of BTC ETFs, signaling shifting priorities within asset allocations.
Data from September 15 reveals that total inflows into ETH ETFs reached an impressive $359.7 million (approximately KRW 498.5 billion), marking five consecutive trading sessions of positive momentum. Notably, BlackRock ETHA drove the majority of this activity, pulling in $363.2 million (approximately KRW 503.7 billion). Grayscale ETHE added another $10 million (approximately KRW 13.8 billion) to the overall figure. These gains were counteracted by a $13.5 million (approximately KRW 18.7 billion) outflow from Fidelity FETH, but the massive inflow into BlackRock ETHA ensured a net-positive trend for ETH ETFs as a whole.
Bitcoin ETFs Maintain Positive Momentum
While Ethereum ETFs have recently stolen the spotlight, Bitcoin ETFs continue to attract steady institutional investment as well. On the same day, BTC ETFs registered net inflows totaling $259.9 million (approximately KRW 360.6 billion), continuing their own six-day winning streak. Among Bitcoin ETFs, BlackRock IBIT led the charge with $261.8 million (approximately KRW 362.9 billion) in inflows, while Fidelity FBTC added $7.5 million (approximately KRW 10.4 billion). These gains were only slightly offset by a notable $18.8 million (approximately KRW 26.1 billion) outflow from Bitwise BITB.
Institutional Pivot Toward Risk Assets as Fed Decision Nears
The recent surge of capital into both BTC and ETH ETFs comes as institutional investors increasingly shift toward risk assets. This trend is underscored by mounting speculation regarding potential interest rate cuts by the U.S. Federal Reserve. With the central bank’s September policy decision drawing near, market sentiment has been buoyed by growing optimism. Contributing to this mood was a call from former President Donald Trump for a “big cut” of 50 basis points, further amplifying expectations.
Market analysts have weighed in on the broader implications of these trends. One expert noted, “The persistent inflow trends in both BTC and ETH ETFs signal a revival in institutional interest in risk assets. Especially noteworthy is the fact that ETH ETF inflows have surpassed those of BTC ETFs, underscoring the shifting focus within digital asset allocations.”
Mixed Signals from Digital Asset Prices
Despite the bullish sentiment in ETF flows, digital asset prices faced minor pullbacks on September 16 (Korean Time), according to CoinMarketCap data. Bitcoin (BTC) saw a modest 0.25% decline, trading at $11,5166, while Ethereum (ETH) dropped by a more pronounced 2.10%, settling at $4,529.
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