Bitcoin and Ether ETFs See Significant Inflows Amid Price Surge

Bitcoin (BTC) ETFs experienced significant inflows, marking the strongest day since July. Key highlights include:

BTC price surpassed $114,000.
Ether (ETH) rose above $4,400.
BTC spot ETFs saw $757 million in net inflows on Wednesday.
Fidelity’s FBTC recorded the largest single-day inflow at $299 million, followed by BlackRock’s IBIT with $211 million and Ark Invest’s ARKB with $145 million.
Ether ETFs gained $171 million in net inflows, with BlackRock’s ETHA leading at $74.5 million and Fidelity’s FETH at $49.5 million.
September has seen Bitcoin ETFs add $1.39 billion, reversing August's $751 million in redemptions.
Over six months, Bitcoin ETF inflows peaked at $6.02 billion in July.
Ethereum ETFs faced a monthly outflow of $669 million in September after substantial inflows earlier this year.

The renewed ETF demand coincides with traders preparing for the Federal Reserve meeting next week, with an 82% chance of a 25 basis point rate cut anticipated. Market focus is shifting to whether funds from money markets will move into risk assets, potentially supporting BTC prices.