Bitcoin surged past $114,000 on Wednesday as spot Bitcoin ETFs recorded their strongest inflows in two months. According to SoSoValue, U.S.-listed crypto funds pulled in a combined $757 million, signaling renewed institutional demand ahead of next week’s Federal Reserve meeting.
Fidelity’s FBTC led the day with $299 million in inflows, followed by BlackRock’s IBIT with $211 million. Ark Invest’s ARKB secured $145 million, placing it third. The renewed momentum comes after steady gains earlier this year, with Bitcoin ETF inflows peaking at $6.02 billion in July. So far in September, Bitcoin funds have added $1.39 billion, offsetting August’s $751 million in redemptions.
Ethereum also rebounded after heavy outflows last week. Ether climbed above $4,400 as Ethereum ETFs brought in $171 million in net inflows. BlackRock’s ETHA captured $74.5 million, while Fidelity’s FETH added $49.5 million. The reversal follows a sharp $446 million withdrawal earlier this month, suggesting confidence is returning as ETH prices rise. Despite this, Ethereum ETFs still reported a net outflow of $669 million in September after attracting $9.3 billion across June, July, and August.
Market analysts note that investors are positioning ahead of the Fed’s policy decision. Polymarket traders currently see an 82% chance of a 25 basis point rate cut. However, some argue the bigger catalyst will be whether trillions in money market funds rotate into risk assets like Bitcoin and Ethereum. Sustained ETF inflows, they say, could provide the structural demand that fueled crypto’s earlier rallies.
With institutional appetite rising again, Bitcoin and Ethereum ETFs may continue to play a critical role in driving prices higher through the end of the year.
