Spot Bitcoin exchange-traded funds (ETFs) recorded $332.7 million in internet inflows on Tuesday, outpacing their Ethereum counterparts, which noticed $135.3 million in internet outflows, in response to knowledge from SoSoValue.
Constancyâs FBTC led the surge, attracting $132.7 million, adopted by BlackRockâs IBIT with $72.8 million. Further inflows had been reported throughout different main issuers, together with Grayscale, Ark 21Shares, Bitwise, VanEck and Invesco.
Ether (ETH) ETFs posted outflows. Constancyâs FETH accounted for the majority of the bleed, shedding $99.2 million, whereas Bitwiseâs ETHW shed $24.2 million. Ether ETFs additionally noticed $164 million in outflows on Friday.
The reversal got here after a strong August for Ethereum funds, which noticed $3.87 billion in inflows in contrast with Bitcoin (BTC) ETFsâ $751 million outflows.
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Bitcoinâs âdigital goldâ narrative regains momentum
The renewed surge in spot Bitcoin ETFs comes as Bitcoinâs âdigital goldâ narrative is making a comeback. âBitcoin is as soon as once more attracting institutional flows as its digital gold narrative regains traction,â Vincent Liu, the chief funding officer at Kronos Analysis, instructed Cointelegraph.
âWith gold at all-time highs, urge for food for arduous belongings is clearly strengthening. On this setting of macro uncertainty, BTC is standing out in opposition to ETH, which seems to be coming into a interval of profit-taking,â he added.
Liu mentioned this pattern may proceed so long as international markets stay shaky, with traders favoring Bitcoin for its perceived stability and safe-haven enchantment.
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Crypto funds rebound with $2.48 billion in weekly inflows
As reported, crypto funding merchandise rebounded final week, pulling in $2.48 billion in internet inflows after the earlier weekâs $1.4 billion outflow.
August wrapped with $4.37 billion in inflows. 12 months-to-date inflows now stand at $35.5 billion, up 58% in comparison with the identical timeline in 2024. Whole belongings underneath administration dropped 7% week-over-week to $219 billion.
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