Bitcoin and Ethereum ETFs (exchange-traded funds) recorded the highest multi-week inflows in the session ending Friday, September 27. This comes amid ongoing chatter about the crypto market’s recovery.

Crypto ETFs Inflows At Multi-Week Highs

With a track record of less-than-desirable returns in September, given it has historically been Bitcoin’s worst-performing month, markets anticipate better fortunes in October as the month nears its end.

Crypto investors bought 7,526 Bitcoin (BTC) and 22,310 Ethereum (ETH) on Friday, resulting in net inflows of $494.4 million and $58.7 million for Bitcoin and Ethereum ETFs, respectively.

Spotonchain, an on-chain insights tool, reported that these inflows catapulted total weekly flows to levels last seen weeks ago. Specifically, Bitcoin (BTC) ETFs recorded a total of $1.11 billion in positive flows, marking the largest weekly inflow since July 19.

On the other hand, Ethereum (ETH) ETFs had up to $84.6 million in total inflows between Monday and Friday, the largest weekly inflow since August 9.

Data from Farside Investors corroborates the report. It shows BlackRock’s IBIT ETF led the inflows daily, save for Monday, where it recorded $11.5 million, against Fidelity’s FBTC, which recorded $24.9 million in positive flows.