Bitcoin ETFs Surpass Ethereum in Inflows

On Tuesday, spot Bitcoin exchange-traded funds outperformed their Ethereum equivalents in investment flows. According to SoSoValue data, Bitcoin ETFs recorded net inflows of $332.7 million, with Fidelity's FBTC attracting $132.7 million and BlackRock's IBIT gaining $72.8 million. Other contributors included Grayscale, Ark & 21Shares, Bitwise, VanEck, and Invesco, all reporting net inflows as well. In contrast, spot Ethereum ETFs experienced a total net outflow of $135.3 million, with Fidelity's FETH seeing $99.2 million withdrawn and Bitwise's ETHW recording $24.2 million in negative flows. Nick Ruck, director at LVRG Research, commented, "The shift of ETF inflows from ETH to BTC suggests institutional investors may be rebalancing portfolios to capitalize on Bitcoin's perceived stability amid macroeconomic uncertainties." Although Ethereum ETFs outperformed Bitcoin ETFs in August, driven by their yield benefits and growing corporate adoption, Bitcoin ETFs faced a monthly net outflow of $751 million. Conversely, Ethereum ETFs saw $3.87 billion in inflows during the same period. Ruck noted that this shifting trend could support Bitcoin's price near $108,000 while alleviating selling pressure, though Ethereum's robust yield prospects and digital asset treasury growth may keep it competitive as the year ends. As of the latest data, Bitcoin rose 0.55% to $110,943, while Ethereum fell by 1%, trading at $4,327 as of Tuesday evening.