Bitcoin ETFs Add $347M as Blackrock, Fidelity Lead Buying

Bitcoin ETF Streak Hits 5 Days

Momentum has become difficult to ignore.

Fresh capital continued flowing into the largest crypto exchange-traded funds (ETFs) on Wednesday, Sept. 23, with bitcoin funds adding $346.98 million and extending a reversal that began late last week.

Blackrock’s IBIT again led the market, attracting $166.29 million. Fidelity’s FBTC followed closely with $143.24 million. Morgan Stanley’s MSBT added $32.41 million, while Ark & 21Shares’ ARKB brought in $5.04 million. No bitcoin ETF recorded an outflow.

Daily trading volume reached $3.06 billion, with combined net assets closing at $108.66 billion. The sustained inflows continue to provide a strong institutional backdrop as traders monitor bitcoin’s price after its recent dip below the $85,000 level.

Ether Builds a 4-Day Winning Streak

Ether ETFs continued their own run, recording $104.63 million in net inflows for a fourth straight positive session.

Blackrock’s ETHA led with $50.80 million, while Fidelity’s FETH added $41.28 million. Grayscale’s ETHE attracted $4.30 million. 21Shares’ TETH, Franklin’s EZET, Vaneck’s ETHV, Morgan Stanley’s MSSE and Invesco’s QETH also recorded inflows worth a combined $12.35 million.

Grayscale’s Ether Mini Trust was the only fund to move lower, shedding $4.09 million. Trading activity reached $1.18 billion, while net assets ended the day at $17.50 billion.

The breadth of buying suggests institutional demand remains active beyond bitcoin, with capital continuing to spread across the wider crypto market.

XRP and Solana Keep Attracting Capital

XRP ETFs added $18.04 million. Bitwise’s XRP fund accounted for $11.54 million, while Franklin’s XRPZ brought in another $6.50 million. Trading value reached $72.56 million, and net assets closed at $1.65 billion.

The continued inflows remain a bullish indicator for XRP investors, despite XRP’s price pulling back to $1.45.

Solana ETFs attracted $13.77 million. Fidelity’s FSOL led with $6.74 million, followed by Bitwise’s BSOL at $3.94 million. Morgan Stanley’s MSOL added $1.55 million, and Vaneck’s VSOL attracted $1.54 million. Net assets finished at $1.73 billion.

Bitcoin Flows Erase Earlier Weakness

HYPE ETFs were the main laggard, recording $1.58 million in net outflows, with net assets closing at $505.07 million. ZEC ETFs saw no net movement, with assets closing at $977.43 million.

The bigger story remains bitcoin’s dramatic reversal.

Bloomberg Senior ETF Analyst Eric Balchunas noted that bitcoin ETF year-to-date flows have moved back into positive territory after roughly $4.6 billion entered the products over the past month.

That recent wave of capital has transformed the flow picture following several sharp bouts of redemptions earlier in September.

Five straight sessions of bitcoin ETF inflows worth over $2.6 billion now leave institutional demand looking considerably stronger than it did just a week ago. The next question is whether that pace can hold as bitcoin’s price consolidates after its latest rally.