Daniel Walker
Spot Bitcoin ETFs attracted $332.7 million in net inflows on Tuesday, according to data from SoSoValue. Leading the charge was Fidelity’s FBTC, which added $132.7 million, followed by BlackRock’s IBIT with $72.8 million. Other funds managed by Grayscale, Ark & 21Shares, Bitwise, VanEck, and Invesco also reported positive inflows.
In contrast, spot Ethereum ETFs experienced $135.3 million in net outflows during the same period. Fidelity’s FETH lost $99.2 million, while Bitwise’s ETHW recorded $24.2 million in withdrawals, signaling declining institutional demand.
According to Nick Ruck, director at LVRG Research, the flow of capital from Ethereum to Bitcoin highlights a portfolio rebalancing trend among institutional players, who see Bitcoin as a safer asset during global economic uncertainty.
August Belonged to Ethereum ETFs
This shift marks a reversal from August, when Ethereum ETFs significantly outperformed Bitcoin ETFs. Analysts attributed the trend to Ethereum’s yield-generating features, clearer regulatory outlook, and growing corporate treasury interest. While Bitcoin ETFs lost $751 million in August, Ethereum ETFs enjoyed $3.87 billion in inflows.
Short-Term Outlook for Bitcoin and Ethereum
Ruck added that in the near term, Bitcoin may find price support around $108,000, reducing selling pressure. However, Ethereum’s yield advantages and treasury adoption could allow it to maintain long-term outperformance into year-end.
