# A Week of Dramatic Turns for Financial Markets and Crypto ETFs
The past week has been quite remarkable for financial markets and the global economy. With the central bank of the world’s strongest economy making a pivotal change in its monetary policy, reducing key interest rates by 0.5%, local investors have shown varying behaviours towards spot Bitcoin and Ethereum ETFs.
## BTC ETFs: A Flurry of Activity
*CryptoPotato* [reported](https://cryptopotato.com/this-is-how-us-based-bitcoin-ethereum-investors-are-preparing-for-the-fomc-meeting/) that US investors were quite eager to buy spot Bitcoin ETFs in the days leading to the FOMC meeting. Over four trading days, net inflows to the 11 financial vehicles exceeded $500 million. However, on the day of the rate cut, the numbers dipped into the negatives, with net outflows of $52.7 million. Interestingly, investors reversed their strategy shortly after. On Thursday and Friday, the net inflows surged to $158.3 million and $92 million, respectively. This left the total net inflows for the week at $397.2 million.
### BlackRock vs. Fidelity: Contrasting Trends
An intriguing aspect of the recent trend is the lack of substantial interest in BlackRock’s IBIT ETF. Aside from September 15, since August 26, it has seen no significant positive flows, according to [FarSide](https://farside.co.uk/bitcoin-etf-flow-all-data/).
In contrast, Fidelity’s FBTC ETF has been seeing considerable interest. On September 17, 19, and 20, it attracted impressive amounts of $56.6 million, $49.9 million, and $26.1 million, respectively. Ark Invest’s ARKB and Bitwise’s BITB also enjoyed robust flows over the past few weeks.
## Ethereum ETFs: Gradual Improvement
In stark contrast, spot Ethereum ETFs have struggled to captivate investors’ interest since their debut on US exchanges two months ago. Nonetheless, in recent days, there have been minor positive signs. According to [FarSide](https://farside.co.uk/eth/), there were two consecutive days of net inflows – $5.2 million on Thursday and $2.9 million on Friday. These numbers, while positive, remained modest, and the weekly figure still ended in the red.
### Weekly Performance: Ethereum ETFs Struggle
Over the week, Ethereum ETFs saw net outflows of $9.4 million on Monday, $15.1 million on Tuesday, and $9.8 million on Wednesday. Therefore, the Fed’s rate-cut week concluded with $26.2 million in net outflows for the Ethereum ETFs.
## A Closer Look: Daily Flows
Here’s a breakdown of the daily net flows for BTC and Ethereum ETFs during the pivotal week:
| Day | BTC Net Flows ($) | Ethereum Net Flows ($) |
|———–|——————-|————————|
| Monday | +125.1M | -9.4M |
| Tuesday | +135.4M | -15.1M |
| Wednesday | -52.7M | -9.8M |
| Thursday | +158.3M | +5.2M |
| Friday | +92.0M | +2.9M |
## Conclusion and Opportunities
In conclusion, the week’s events illustrate the volatile nature of crypto ETFs in response to economic policy changes. While BTC ETFs observed significant net inflows, Ethereum ETFs continued to struggle, albeit with minor positive blips.
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