BTC ETFs Return to $300M Inflows

Daily inflows into Bitcoin ETFs were $332.8 million yesterday, outperforming the Ethereum ETFs which saw outflows of $135.3 million. 

It is a welcome return to form for the Bitcoin ETFs which had not seen daily inflows over $300 million since the 8th August when inflows reached $403.9 million. BTC was trading at $116.6k at that time. 

The bulk of the inflows went into Fidelity’s ETF with $132.7 million, followed by BlackRock with $72.9 million and ARK with $71.9 million. 

These movements became visible earlier today on the Arkham Intel platform. Several large BTC transfers to addresses known to be custodians for the major ETF issuers appeared on the site. 

This shift in sentiment comes after a period where Ethereum-based products had captured the majority of investor attention. In recent weeks, several ancient BTC whale wallets were spotted rotating into Ethereum.

Bitcoin's price has reacted positively, up nearly 1.5% as it reclaimed $112,000.

Market participants will now be closely monitoring whether this is a momentary spike or the beginning of a sustained trend of inflows.

In a strong rebound from the previous week's $1.4 billion in redemptions, crypto exchange-traded products (ETPs) logged $2.48 billion in fresh inflows last week, according to data from CoinShares.

While total assets under management recently declined 7% week-over-week to $219 billion due to price action, the inflow trend remains decidedly positive. August closed with $4.37 billion in new investments, pushing the year-to-date total to $35.5 billion, a 58% increase over the same period in 2024.

The market awaits the SEC’s decision on 92 separate ETFs, many of them for alt-coins including Solana, XRP, Litecoin. Experts in ETFs believe all 92 of these ETFs will be approved, building on the example set by the SEC with both Bitcoin and Ethereum decisions.