Digital asset ETFs experienced a broad pullback in daily performance on September 24, although fund flows remained largely positive and longer-term returns continued to show strength. Bitcoin ETFs declined roughly 2% on average for the day, but most remained up around 10% over the past week. Investor demand was particularly strong, with Bitcoin-focused products attracting approximately $699 million in net one-day inflows and about $1.84 billion over the past week. IBIT led daily inflows with roughly $350 million, followed by FBTC at approximately $257 million, showing continued investor interest despite the decline in Bitcoin prices.
Ethereum ETFs also moved lower, with many spot products declining around 2.6%–2.7% for the day, while the broader Ethereum ETF group averaged a decline of roughly 3%. Weekly performance remained positive at approximately 10%, and flows were constructive, with about $143 million in combined daily inflows and more than $204 million over the past week. ETHA accounted for the largest share of daily demand at roughly $88 million, followed by FETH with approximately $34 million.
The sharpest weakness appeared among XRP-related ETFs, which averaged declines of roughly 7.7% for the day, although the group remained strongly positive over the past week, averaging gains of more than 18%. XRP ETF flows were comparatively modest, totaling approximately $1.9 million for the day. Solana ETFs also traded lower, averaging a decline of roughly 3.5%, while maintaining strong weekly gains of about 15%. Solana products attracted approximately $28.6 million in daily inflows and $101 million over the past week, with BSOL accounting for the majority of the day’s new assets. Overall, the data suggests short-term price weakness across digital asset ETFs but continued investor demand, particularly for Bitcoin and Ethereum products, as substantial inflows persisted despite the broader market pullback.
The cryptocurrency market experienced broad selling pressure from the evening of September 23 through the morning of September 24, with total market capitalization falling to approximately $2.97 trillion, down 1.7% as of 6:00 a.m. ET. The weakness followed a 2.1% decline recorded the prior evening, reflecting continued risk-off sentiment across much of the digital asset market. Major Layer-1 cryptocurrencies traded lower, with Bitcoin falling 3.1% to $83,124, Ethereum declining 3.4% to $2,643, BNB dropping 2.2% to $766.61, and Solana losing 3.4% to $113.27. Selling pressure was more pronounced among several smaller Layer-1 assets, including Cardano (-7.6%), NEAR Protocol (-8.6%), Hedera (-8.8%), and Avalanche (-9.5%). Despite the daily pullback, weekly performance remained relatively strong, with Bitcoin and Ethereum still up more than 8% over seven days, while Solana gained 12.9%, Avalanche 33.7%, and NEAR 49.0%.
Altcoins also saw significant volatility, with Celestia falling 14.9%, Pepe declining 12.7%, Uniswap dropping 12.4%, and Pump.fun losing 11.4% over 24 hours. Litecoin stood out as one of the few notable gainers, rising 6.6% for the day and 27.0% over the past week. Weakness extended into both the metaverse and DeFi segments, where Axie Infinity fell 10.3%, Chiliz declined 8.6%, Aave dropped 9.1%, Cronos lost 9.2%, and Chainlink declined 5.8%. Overall, the September 24 trading update shows a widespread short-term market pullback following strong recent gains, with most major cryptocurrencies remaining positive on a seven-day basis despite the latest round of selling.
