Bitcoin ETFs attract $3.1 billion as Ether funds lose $3 million

Bitcoin exchange‑traded funds (ETFs) have recorded a $3.1 billion inflow streak, extending a multi‑day surge that began last week, while Ether‑linked ETFs slipped into the red, shedding $3 million on Tuesday after a brief run of inflows. The decline follows an $8 million outflow from Zcash‑focused funds at the start of the week, highlighting a shift in investor sentiment across the crypto‑ETF market.

The Bitcoin ETF rally comes after the U.S. Securities and Exchange Commission’s 2023 decision to approve the first spot Bitcoin funds, opening the door for institutional capital that had previously been barred by regulatory uncertainty. Since those approvals, asset managers have launched a dozen Bitcoin products, and the sector has become a barometer for broader crypto demand. By contrast, Ether ETFs have faced a slower rollout, with fewer sponsors and lingering questions about the Ethereum network’s transition to proof‑of‑stake, which some investors view as a risk factor. The recent outflows also coincide with a modest pullback in ETH’s price, which fell about 2 % over the past five days, prompting profit‑taking among retail holders.

Data from fund‑flow trackers show that Bitcoin ETFs have attracted an average of $600 million per day over the past ten trading sessions, pushing total assets under management past $30 billion. Analysts at Bloomberg Intelligence note that the sustained inflows reflect growing confidence in Bitcoin as a hedge against inflation and a diversifier for traditional portfolios. Meanwhile, the $3 million loss in Ether funds is relatively small in absolute terms but signals a broader trend of investors reallocating toward Bitcoin’s perceived stability. The Zcash outflow, though modest, underscores the niche nature of privacy‑coin ETFs, which remain vulnerable to regulatory scrutiny.

Looking ahead, the continued strength of Bitcoin ETFs could encourage the SEC to consider additional spot crypto products, potentially expanding the market to include more diversified offerings such as Solana or Cardano funds. Market participants will watch for any policy shifts from the Commodity Futures Trading Commission, which has signaled a tougher stance on crypto derivatives. If Bitcoin’s inflow streak holds, it may reinforce the narrative of Bitcoin as the “digital gold” of the modern era, while Ether and other alt‑coin ETFs will need to demonstrate clearer use‑case growth to regain investor confidence.