After a period of decreased institutional adoption, spot Bitcoin (BTC) exchange-traded funds (ETFs) are once again outperforming their Ethereum (ETH) counterparts.
On Tuesday, September 2, BTC ETFs saw $332.7 million in net inflows, led by Fidelity (FBTC) and BlackRock (IBIT), which reported $132.7 million and $72.8 million additions, respectively.
In contrast, spot ETH ETFs posted $135.3 million in net outflows, with Fidelity (FETH) losing $99.2 million and Bitwise (ETHW) shedding $24.2 million, according to data retrieved from SoSoValue.
Overall, ETFs now hold 7% of Bitcoin’s total supply, BlackRock alone commanding 746,810 BTC, a 3.7% share worth around $82.7 billion.
BTC ETF inflows. Source: SoSoValue
Is Ethereum ETF dominance ending?
August was remarkably strong for Ethereum ETFs, which drew $3.87 billion in net inflows compared to Bitcoin ETFs, which lost around $751 million.
Most analysts attributed the gains to the cryptocurrency’s yield potential, improvin
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