Bitcoin ($111,548.00)
Ethereum ($4,380.28)
XRP ($2.86)
Tether ($1.00)
BNB ($854.60)
Solana ($210.85)
USDC ($1.00)
Lido Staked Ether ($4,372.90)
Dogecoin ($0.22)
TRON ($0.34)
Rita Dfouni
-
Bitcoin ETFs recover: $332.7M in net inflows driven by Fidelity and BlackRock.
-
Ethereum pulls back: $135.3M in withdrawals following a robust August showing.
-
Institutional change: Analysts indicate that investors are reallocating to BTC for steadiness.
Spot bitcoin exchange-traded funds (ETFs) posted strong inflows on Tuesday, reclaiming dominance from Ethereum-focused funds after weeks of lagging behind.
Bitcoin ETFs record $332 million in net inflows
Data from SoSoValue showed that bitcoin ETFs saw a total of $332.7 million in net inflows, led by Fidelity’s FBTC with $132.7 million and BlackRock’s IBIT with $72.8 million. Additional inflows were recorded across funds operated by Grayscale, Ark & 21Shares, Bitwise, VanEck, and Invesco.
The latest data marks a reversal from August, when bitcoin ETFs collectively posted $751 million in monthly outflows, while Ethereum ETFs gained traction.
Newsletter
Get weekly updates on the newest crypto stories, case studies and tips right in your mailbox.
Ethereum ETFs see $135 million in outflows
By contrast, Ethereum ETFs experienced $135.3 million in net outflows on Tuesday. Fidelity’s FETH accounted for the largest share with $99.2 million in redemptions, while Bitwise’s ETHW saw $24.2 million in outflows.
In August, Ethereum funds had outpaced bitcoin ETFs with $3.87 billion in net inflows, buoyed by growing demand for yield-generating assets and increasing adoption in corporate treasuries.
Analysts: institutions rebalancing toward BTC
Nick Ruck, director at LVRG Research, said the rotation back to bitcoin ETFs suggests institutional investors are “rebalancing portfolios to capitalize on Bitcoin’s perceived stability amid macroeconomic uncertainties.”
He added that while the latest shift could bolster bitcoin’s price support near $108,000 and ease selling pressure, Ethereum’s stronger yield potential and role in digital asset treasuries could sustain its outperformance heading into year-end.
