On October 2, Bitcoin ETFs saw a net outflow of $52.9 million, reflecting the mixed sentiment in the market.
Ark’s ARKB ETF had the largest outflow at $60.3 million, while BlackRock’s IBIT ETF saw a smaller outflow of $13.7 million, according to Farside data.
In contrast, Fidelity’s FBTC ETF attracted $21.1 million in inflows, slightly balancing out the overall outflows. Meanwhile, other ETFs from Bitwise, Invesco, Franklin, Valkyrie, VanEck, WisdomTree, and Grayscale remained largely unchanged.
Ethereum ETFs, however, showed positive activity with an inflow of $19.8 million. Leading the way, BlackRock’s ETHA ETF brought in $18 million, and Franklin Templeton’s EZET ETF gained $1.8 million. Other Ethereum-focused ETFs, including those from Fidelity, Bitwise, and Grayscale, saw no significant changes.
This split in fund movements highlights the market’s volatility, with institutional investors showing a stronger interest in Ethereum products, while Bitcoin ETFs, particularly from Ark and BlackRock, face continued outflows, suggesting adjustments in market exposure.
Ethereum is rapidly emerging as the institutional favorite, with new ETF inflow data suggesting a seismic shift in investor focus away from Bitcoin.
Ethereum (ETH) appears to be entering a breakout phase eerily reminiscent of its historic 2017 rally—but this time, the move is backed by deep institutional support and ETF inflows.
SUI, the native token of the Sui blockchain, is drawing attention following a major breakout on the charts—driven by surging total value locked (TVL) and growing anticipation around Bitcoin-native decentralized finance (BTCFi) infrastructure.
Tom Lee, managing partner and head of research at Fundstrat Global Advisors, recently outlined his bullish stance on Ethereum, linking it directly to the rapid growth of the stablecoin sector.