Spot Bitcoin ETFs Bounce Back To Outperform Ethereum Rivals With $332.8M Inflows
US spot Bitcoin ETFs (exchange-traded funds) outperformed their spot Ethereum ETF rivals yesterday, bringing an end to the ETH funds’ recent dominance in the market. Data from Farside Investors shows spot BTC ETFs recorded $332.8 million in net inflows in the latest trading session, compared to $135.3 million in net outflows for ETH ETFs. In August, spot Ethereum ETFs recorded $3.87 billion in inflows, while Bitcoin funds experienced $751 million in outflows. Last week, both the BTC and ETH ETFs were on multi-day net inflows streak. The US spot Bitcoin ETFs saw net daily inflows for every day except Friday last week, with their total inflows for the week reaching $440.8 million. This was less than half of the over $1.24 billion that flowed into spot ETH ETFs during the same period. Fidelity’s FBTC Sees More Inflows Than BlackRock’s IBIT Much of the net inflows for the spot Bitcoin ETFs was posted by Fidelity’s FBTC, which saw investors pour $132.7 mil...