Fidelity and BlackRock boost Bitcoin-ETF by $89 million
Bitcoin-ETF log $89M inflows in 10-day streak
Bitcoin exchange-traded funds (ETF) continued their rally on Thursday, recording a tenth consecutive day of inflows totaling $89.06 million, as investor appetite for BTC exposure remained robust.
Leading the charge was Fidelity’s Wise Origin Bitcoin Fund (FBTC), which alone attracted $97.14 million in net inflows. BlackRock’s iShares Bitcoin Trust (IBIT) followed with a more modest $3.97 million, according to the latest fund flow data.
Despite some redemptions — including $6.95 million from Invesco’s BTCO and $5.09 million from WisdomTree’s BTCW — overall Bitcoin-ETF assets under management climbed to $98.29 billion. Trading volumes also reflected strong interest, surging to $2.02 billion on the day.
Total Bitcoin spot ETF history data. Source: SoSoValue.
Ethereum ETFs continue to lag
In contrast, Ethereum-based ETF continued to struggle, registering another day of net outflows totaling $4.22 million. Fidelity’s FETH saw $2.01 million in redemptions, while VanEck’s ETHV experienced a $2.21 million outflow. Total assets for Ethereum-ETF have stabilized at around $6.8 billion, with daily trading volume reaching $142.47 million — significantly lower than their Bitcoin counterparts.
The diverging flows between Bitcoin and Ethereum-ETF highlight shifting investor sentiment in the crypto space. Analysts suggest that Bitcoin’s positioning as a “digital gold” asset has strengthened its appeal amid macroeconomic uncertainty, while Ethereum’s recent regulatory ambiguity and delay in U.S. ETF approvals may be contributing to its lagging performance.
Institutional confidence tilts toward Bitcoin
The sustained inflows into Bitcoin products indicate growing institutional confidence, particularly following the approval of spot Bitcoin-ETF earlier this year. If the trend continues, BTC-ETF could soon break the $100 billion AUM milestone, further solidifying Bitcoin’s dominance in the digital asset investment landscape.
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