The crypto market rebounded slightly as Bitcoin surpassed $116K, BNB reached record highs, while institutional flows showed contrasting trends between Bitcoin and Ethereum ETFs.
On September 17, the crypto market saw a mild recovery ahead of the Federal Reserve’s interest rate decision. Bitcoin rose 1.33% to above $116,000, while Ethereum slipped 0.44% near $4,500. Sectoral gains were notable, with BNB hitting a record high above $960 and Layer 2 tokens climbing 3% led by Mantle. Inflows into Bitcoin spot ETFs totaled $292 million, led by BlackRock’s IBIT at $209 million, marking the seventh consecutive day of gains. In contrast, Ethereum spot ETFs recorded $61.7 million in outflows, led by Fidelity’s FETH. Additional news included Banco Santander launching retail crypto services in Germany via Openbank, a class-action filing over Coinbase’s TaskUs-linked data breach, CZ confirming selective support for firms through BNB’s Digital Asset Treasury, and JuCoin’s token plunging nearly 68% in a sudden sell-off.