U.S. spot Bitcoin ETFs saw $241M in net inflows last week, marking three consecutive weeks of inflows, while Ethereum ETFs posted $138M in outflows.
Macro & Markets ·
During the week of September 28 to October 2, U.S. spot Bitcoin ETFs drew net inflows of $241 million, extending a streak of positive flows to three consecutive weeks. The momentum contrasted sharply with Ethereum-based ETFs, which experienced $138 million in net redemptions over the same period.
Fidelity's Ethereum ETF, trading under the ticker FETH, accounted for the largest share of Ethereum outflows at $74.0624 million. This divergence between Bitcoin and Ethereum fund performance reflects mixed investor sentiment across the two largest digital assets by market capitalization during the measured interval.
The pattern suggests sustained institutional or retail appetite for Bitcoin exposure through exchange-traded vehicles, while Ethereum products faced concurrent withdrawals. Whether the Ethereum outflows signal a shift in relative positioning or reflect tactical rebalancing remains unclear from available data.