Bitcoin exchange-traded funds are back in demand after weeks of sluggish flows, with institutional investors appearing to rotate capital from Ethereum into the world’s largest cryptocurrency.
According to new figures from Farside Investors, spot Bitcoin ETFs attracted roughly $446 million in net inflows this week, marking one of their strongest performances since early summer. Friday alone added more than $90 million, bringing total inflows to nearly $62 billion and pushing total assets under management above $149 billion.
BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s FBTC once again dominated the leaderboard, with combined inflows exceeding $90 million in a single day. The two funds together control more than $110 billion in Bitcoin, underscoring how institutional capital continues to cluster around these major issuers.
Analysts see this rebound as part of a broader return of confidence in Bitcoin as global markets adjust to shifting economic conditions and growing expectations for upcoming U.S. interest rate cuts. “Bitcoin is reclaiming its role as the primary hedge against macro uncertainty,” said Vincent Liu, chief investment officer at Kronos Research. “Institutions are viewing it as digital gold once again.”
Ethereum Funds Cool as Capital Rotates Elsewhere
While Bitcoin ETFs are gaining momentum, Ethereum products have seen the opposite trend. Data shows Ether ETFs logged their second consecutive week of outflows, totaling about $244 million this week after $311 million the week before.
That brings Ethereum’s cumulative ETF inflows down to $14.35 billion, with net assets hovering near $26 billion — about 5.5% of the cryptocurrency’s total market cap. The latest wave of withdrawals was led by BlackRock’s ETHA ETF, which shed more than $100 million, while Grayscale and Bitwise funds managed to post modest inflows.
Analysts attribute the cooling demand to weaker onchain activity and a lack of fresh catalysts in Ethereum’s ecosystem. Decentralized finance volumes have flattened, and NFT trading remains subdued, limiting new institutional interest.
“Ethereum is taking a breather,” Liu explained. “It tends to lag behind Bitcoin during early stages of macro optimism, but once liquidity expands, ETH usually plays catch-up.”
Capital Rotation Signals Renewed Risk Appetite
The contrasting ETF flows suggest that crypto investors are recalibrating their portfolios rather than retreating from the market entirely. Bitcoin’s rally is being viewed as the start of a potential broader recovery — one that could eventually extend to altcoins if market conditions continue to improve.
“Institutions are rebuilding exposure carefully,” said a Singapore-based trader familiar with the flows. “Bitcoin is the first stop when uncertainty fades, but once confidence stabilizes, capital trickles down to Ethereum and others. This looks like the early phase of that cycle.”
With central banks signaling an easing cycle and investors regaining trust in digital assets, Bitcoin appears to be leading the charge once again — a familiar pattern in crypto’s cyclical playbook.
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Source: https://coindoo.com/bitcoin-etfs-attract-446m-as-ethereum-products-face-consecutive-outflows/