Ethereum ETFs Record $29.4M Inflow Led by Fidelity FETH
Ethereum (ETH)
Editor:
Eugene Serbin
U.S. spot Ethereum ETFs posted $29.4 million in net inflows on September 18, ending a three-day outflow streak, according to cvj.ai. Fidelity’s FETH led the rebound with $26.2 million in inflows, while Bitwise’s ETHW added $1.3 million and VanEck’s ETHV contributed $1.9 million. This positive session marks a shift from the preceding days, where over $405 million exited the funds.
Specifically, September 15 saw $142 million in outflows, followed by $224.1 million on September 16 and $39.3 million on September 17. The inflow recovers only a small fraction of the capital that left earlier in the week, suggesting a rebound rather than a full reversal. Fidelity emerged as the clear buyer, whereas BlackRock’s ETHA recorded no net flow after being a major source of outflows.
This composition indicates that demand for regulated Ethereum exposure has not disappeared despite recent pressure. The quick return of inflows suggests institutional interest remains even after difficult sessions. However, the recovery is modest compared to the redemptions seen earlier in the week.
Market participants will watch if this inflow sustains or proves to be a temporary pause. The data shows that investor preferences among issuers can shift rapidly, with Fidelity leading while BlackRock held steady. This session highlights the rocky start for Ethereum ETFs since their launch. The inflow signals that buyers are still willing to put fresh capital into the products.
How the market reacted
Whalio's own Binance spot order flow for ETH, measured when this story was written up on 19 September 2026. Not the outlet's figures.
ETH traded at $2,612.14 with a 24-hour buy ratio of 56.2%, indicating that buying pressure is building over the longer term. However, the 1-hour buy ratio dropped to 36.4%, showing that short-term momentum is currently fading compared to the daily average. The 1-hour volume delta was negative at -$4,089,871, meaning sellers dominated the immediate flow, while the 24-hour delta was positive at +$161,094,919. This divergence suggests that while recent hours saw more selling, the overall day ended with net buying. The 4-hour buy ratio sat at 47.9%, sitting between the short-term sell-off and the daily buy strength. Net buying occurred in 10 of the last 24 hours, with a cumulative CVD of +$7,147,356 at close.
The latest daily buy ratio of 46.8% sits at the 16th percentile of the last 322 days, against a median of 49.5% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ETH, averaged over the days leading up to the story.
The 24-hour buy ratio of 56.2% is 8.0 points higher than the 7-day average of 48.2%, marking an unusual day for the coin. Trading volume was 1.54 times the average, indicating significantly higher activity than usual. Over the preceding week, net buying occurred on only 2 of 7 days, contrasting with the positive 24-hour delta. The 8-day volume delta was -$29,071,506, showing that despite today's activity, the broader weekly trend remains net negative. This day represents a temporary reversal in flow patterns compared to the preceding week's dominance of outflows.