Bitcoin ETFs Attract Investors, Ethereum Funds See Withdrawals
Spot Bitcoin exchange-traded funds (ETFs) gained big on Tuesday with $332.7 million inflows, while Ethereum ETFs lost $135.3 million, according to SoSoValue data.
- Fidelity’s FBTC led with $132.7 million, followed by BlackRock’s IBIT at $72.8 million. Other issuers like Grayscale, Ark 21Shares, Bitwise, VanEck, and Invesco also saw inflows.
- On the other hand, Ethereum ETFs dropped, with Fidelity’s FETH losing $99.2 million and Bitwise’s ETHW down $24.2 million. Just last Friday, Ethereum funds lost another $164 million.
This shift comes after a strong August for Ethereum, when it had $3.87 billion inflows, while Bitcoin ETFs recorded $751 million outflows.
Bitcoin’s “Digital Gold” Narrative
Bitcoin is once again being viewed as “digital gold” by investors. Vincent Liu, CIO at Kronos Research, said institutions are returning to Bitcoin as a safe asset.
“With gold at record highs, investors want hard assets. In today’s uncertain market, Bitcoin looks more stable, while Ethereum faces profit-taking,” Liu explained.
He added this trend may continue if global markets stay shaky, as Bitcoin is seen as a safer option.
Crypto Funds Overall
- Last week, crypto funds bounced back with $2.48 billion inflows, after losing $1.4 billion the week before.
- August ended with $4.37 billion inflows.
- So far in 2025, crypto products have attracted $35.5 billion, up 58% compared to 2024.
- However, total assets under management dropped 7% week-over-week to $219 billion.
