FameEX Hot Topics | Bitcoin ETFs Surge $446M in Rebound; Ether Funds Face Outflows

Last week marked a stark contrast in the performance of cryptocurrency exchange-traded funds, with Bitcoin ETFs staging a robust recovery while Ethereum funds continued to hemorrhage capital. Bitcoin products collectively attracted $446 million in net inflows, reversing the prior week’s $1.2 billion loss and signaling renewed investor confidence. In contrast, Ethereum ETFs suffered $244 million in net outflows, extending a multi-week trend of withdrawals amid cautious market sentiment.

Leading the Bitcoin rebound were several prominent funds showcasing consistent inflows. Ark and 21Shares’ ARKB emerged as a standout, drawing $53.97 million and building on its midweek momentum. Fidelity’s FBTC closely followed with $52.40 million, while Bitwise’s BITB and VanEck’s HODL contributed $39.55 million and $38.57 million, respectively. These gains highlighted sustained institutional interest in Bitcoin exposure despite broader market volatility.

Smaller but steady contributions further bolstered the positive momentum. Grayscale’s Bitcoin Mini Trust recorded $24.64 million in inflows, joined by Invesco’s BTCO with $18.86 million and Franklin Templeton’s EZBC at $6.48 million. Valkyrie’s BRRR rounded out the gains with $4.67 million. The only notable exception was Grayscale’s GBTC, which faced $117.11 million in redemptions, though this was insufficient to offset the broader inflows. Overall, Bitcoin ETFs closed the last week with $25.87 billion in trading volume and $149.96 billion in assets under management.

Ethereum ETFs, however, painted a bleaker picture, dominated by significant outflows across major funds. Fidelity’s FETH led the exodus with $95.25 million in withdrawals, followed closely by BlackRock’s ETHA at $89.03 million—effectively wiping out its previous week’s gains. Grayscale’s ETHE and its Ethereum Mini Trust saw $26.03 million and $23.50 million depart, respectively, while Bitwise’s ETHW and VanEck’s ETHV lost $8.85 million and $1.25 million. Despite robust trading activity of $10.88 billion, Ethereum ETFs ended with assets at $26.39 billion, reflecting persistent investor rotation away from Ethereum.

The October 20–24 period underscored a widening sentiment gap between Bitcoin and Ethereum. Bitcoin regained favor as a stable store of value amid tightening macroeconomic conditions, while Ethereum continued to face selling pressure. This divergence, closely monitored by analysts, highlights Bitcoin’s growing dominance in the crypto ETF landscape as the market heads into late October.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.