Spot Bitcoin ETFs surge, Ether funds bleed as investors flee for safety
Spot Bitcoin ETFs attracted over $333 million in net inflows on Tuesday, outshining Ethereum ETFs that saw $135 million in outflows amid renewed market caution.
Spot Bitcoin exchange-traded funds (ETFs) recorded $332.7 million in net inflows on Tuesday, outpacing their Ethereum counterparts, which saw $135.3 million in net outflows, according to data from SoSoValue.
Fidelity’s FBTC led the surge, attracting $132.7 million, followed by BlackRock’s IBIT with $72.8 million. Additional inflows were reported across other major issuers, including Grayscale, Ark 21Shares, Bitwise, VanEck and Invesco.
Ether (ETH) ETFs posted outflows. Fidelity’s FETH accounted for the bulk of the bleed, losing $99.2 million, while Bitwise’s ETHW shed $24.2 million. Ether ETFs also saw $164 million in outflows on Friday.