Spot Bitcoin exchange-traded funds (ETFs) drew in $332.7 million in net inflows on Tuesday, sharply contrasting with Ethereum ETFs, which logged $135.3 million in net outflows, SoSoValue data shows.
Fidelity’s FBTC led the charge with $132.7 million in inflows, followed by BlackRock’s IBIT at $72.8 million. Other major issuers—including Grayscale, Ark 21Shares, Bitwise, VanEck, and Invesco—also reported gains.
Ethereum funds, however, saw persistent redemptions. Fidelity’s FETH posted the largest outflow at $99.2 million, while Bitwise’s ETHW dropped $24.2 million. Just days earlier, on Friday, Ether ETFs shed another $164 million.
The shift marks a sharp turnaround from August, when Ethereum funds attracted $3.87 billion in inflows, while Bitcoin ETFs suffered $751 million in outflows.
Bitcoin’s “digital gold” narrative regains strength
The surge in spot Bitcoin ETFs comes as the cryptocurrency’s “digital gold” narrative gains fresh momentum. “Bitcoin is once again attracting institutional flows as its digital gold narrative regains traction,” Vincent Liu, chief investment officer at Kronos Research, told Cointelegraph.
“With gold at record highs, demand for hard assets is clearly growing. In today’s uncertain macro environment, BTC stands out compared to ETH, which seems to be facing profit-taking pressure,” Liu said.
He added that the trend may persist as long as global markets remain volatile, with investors favoring Bitcoin for its perceived resilience and safe-haven qualities.
Crypto funds bounce back with $2.48B in weekly inflows
Crypto investment products staged a recovery last week, posting $2.48 billion in net inflows after $1.4 billion in outflows the week prior.
August closed with $4.37 billion in inflows, pushing year-to-date totals to $35.5 billion — a 58% increase over the same period in 2024. Still, total assets under management slipped 7% week-over-week to $219 billion.
