Bitcoin ETF Inflows Surge as Ethereum Experiences Outflows

Recent data reveals a significant shift in the crypto market, with spot Bitcoin ETFs seeing a massive influx of capital exceeding $330 million within a single day. This turnaround marks a departure from August’s trend where Bitcoin funds suffered substantial outflows, while Ethereum ETFs experienced record-breaking inflows. Large asset management firms like Fidelity and BlackRock played significant roles in this shift, with their Bitcoin products drawing over $130 million and $70 million respectively from investors.