Bitcoin spot ETFs recorded $731 million in inflows on September 3, marking the largest single-day inflow since January; during the same period, weekly inflows for XRP and Ethereum ETFs decreased by 83% and 74% respectively.
According to SoSoValue data, Bitcoin spot ETFs recorded a capital inflow of $731 million on September 3, marking the largest single-day inflow since January 14, with BlackRock's IBIT contributing $454 million. However, in the week ending September 5, XRP spot ETFs saw an inflow of $19 million, an 83% decrease from the previous week's $110.5 million; Ethereum spot ETFs recorded an inflow of $218.4 million, a 74% decrease from the previous week's $824.4 million. Despite this, XRP and Ethereum ETFs have maintained net inflows year-to-date. The article analyzes that despite the significant inflows into Bitcoin ETFs, the capital flow data may not indicate a rotation of funds from XRP and Ethereum to Bitcoin, as XRP and Ethereum ETFs continue to record net inflows.
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