Bitcoin ETFs see $333M inflows, reversing trend
U.S. spot bitcoin ETFs recorded ~$333 million in net inflows on Tuesday, September 2, while spot Ethereum ETFs posted ~$135 million in net outflows. The flows reversed recent patterns where Ethereum products had been leading.
Fidelity's FBTC led bitcoin inflows with ~$133 million. BlackRock's IBIT brought in ~$73 million, while Ark 21Shares' ARKB added ~$72 million, according to Farside. Bitwise's BITB collected ~$39 million. Smaller amounts went to Invesco Galaxy's BTCO and VanEck's HODL.
Ethereum products saw broad-based withdrawals. Fidelity's FETH lost ~$99 million and Bitwise's ETHW shed ~$24 million. Other Ethereum ETFs also recorded outflows during the session.
Tuesday’s flows broke a recent trend where Ethereum ETFs outperformed bitcoin funds. In August, Bitcoin ETFs saw net outflows of ~$751 million while Ethereum ETFs drew ~$3.87 billion in net inflows.
Bitcoin ETFs launched in January 2024 and have become a major channel for institutional money entering the cryptocurrency market. Daily flows regularly swing between large inflows and outflows across different fund providers.
The data reveals bitcoin funds attracting fresh capital across multiple issuers, while Ethereum withdrawals were concentrated in key products. The pattern suggests institutional investors redirected capital from Ethereum back to bitcoin after a month of heavy Ethereum investment.
The flow reversal comes as both cryptocurrencies continue trading near recent highs. Bitcoin ETFs from BlackRock, Fidelity, Ark 21Shares, Bitwise, Invesco Galaxy, VanEck, Franklin Templeton, WisdomTree and Grayscale have processed billions in investor funds since their launch.
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