Spot Bitcoin exchange-traded funds (ETFs) registered net inflows of $332.7 million on Tuesday, surpassing Ether ETFs, which saw net outflows of $135.3 million, according to data from SoSoValue.
Institutional Demand Shifts Toward Bitcoin
Fidelity's FBTC led the Bitcoin ETF inflows, attracting $132.7 million. BlackRock's IBIT followed with $72.8 million. Additional inflows were reported from major issuers such as Grayscale, Ark 21Shares, Bitwise, VanEck, and Invesco.
In contrast, Ether ETFs posted significant outflows. Fidelity�s FETH accounted for $99.2 million of the decline, and Bitwise�s ETHW saw $24.2 million in outflows. Ether-based funds recorded $164 million in outflows last Friday, further emphasizing a trend away from ETH exposure in recent sessions.
Bitcoin's 'Digital Gold' Narrative Gains Momentum
The renewed surge in spot Bitcoin ETF inflows coincides with a revival of the asset�s �digital gold� narrative. Vincent Liu, chief investment officer at Kronos Research, stated that Bitcoin is regaining institutional interest due to its perceived role as a hard asset and safe haven. Liu noted that as gold prices reach all-time highs and macroeconomic uncertainty persists, investors appear to prefer Bitcoin over Ether for stability.
Broader Crypto Investment Trends
Crypto investment products as a whole rebounded last week, recording strong net inflows after experiencing $1.4 billion in outflows the previous week. August concluded with $4.37 billion in inflows. Year-to-date net inflows across crypto investment products total $35.5 billion, a 58% increase compared to the same period last year. Despite this, total assets under management declined 7% week-over-week, reaching $219 billion.
- Bitcoin ETFs leading with $332.7 million in one-day net inflows
- Ether ETFs experiencing significant outflows, led by Fidelity and Bitwise
- 'Digital gold' narrative drives institutional interest in BTC
- Total crypto assets under management decline despite year-to-date growth
The latest data highlights the shifting investor preference within crypto markets, with Bitcoin ETFs benefiting from renewed safe-haven appeal while Ether ETFs undergo a period of profit-taking.
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