Crypto ETFs Diverge Again: BTC Surges While ETH Drags With $38 Million Exit

Momentum is swinging back in bitcoin’s favor, but ether continues to stumble. Wednesday’s exchange-traded funds (ETF) flows revealed a sharp divergence as investors rotated heavily into BTC products while ETH funds recorded their third straight day of redemptions.

Bitcoin ETFs raked in $301.32 million in inflows, dominated by Blackrock’s IBIT, which absorbed an impressive $289.84 million. Grayscale’s Bitcoin Mini Trust added $28.83 million, and Fidelity’s FBTC chipped in with $9.76 million. Valkyrie’s BRRR saw a modest $790.88k entry.

The only blemish was Ark 21Shares’ ARKB, which logged a $27.90 million outflow. Overall, value traded was steady at $2.78 billion, with bitcoin ETF net assets climbing to $145.25 billion.

Bitcoin ETFs have only recorded one outflow in the past seven trading days. Source: Sosovalue

Ether ETFs, however, closed red again with $38.24 million in outflows. Bright spots included Fidelity’s FETH with $65.78 million, Grayscale’s Ether Mini Trust at $26.55 million, and Bitwise’s ETHW with $20.81 million in inflows.

But a massive $151.39 million exit from Blackrock’s ETHA wiped out the gains and pushed ether into negative territory for a third consecutive day. Total value traded came in at $2.07 billion, while net assets held at $29.21 billion.

The divergence continues to underscore investor caution around ether while bitcoin, once again, asserts itself as the stronger institutional play in early September.

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