- According to SoSoValue data, Bitcoin ETFs recorded $332.7 million in net inflows.
- By contrast, spot Ethereum ETFs posted $135.3 million in net outflows for the day.
- Alongside ETF flows, spot Bitcoin prices continued to rebound this week.
Spot Bitcoin exchange-traded funds (ETFs) saw substantial inflows on Tuesday, regaining investor attention over Ethereum.
SoSoValue’s data show that Bitcoin ETFs attracted $332.7 million in net inflows. Fidelity’s FBTC led with $132.7 million, followed by BlackRock’s IBIT with $72.8 million.
The same dataset indicated that other issuers—including Grayscale, Ark & 21Shares, Bitwise, VanEck, and Invesco—also reported net inflows during the day.
Ethereum ETFs Report $135.3 Million of Outflows
In contrast, spot Ethereum ETFs registered $135.3 million in net outflows for the day.
Fidelity’s FETH accounted for $99.2 million of the withdrawals, while Bitwise’s ETHW registered $24.2 million in negative flows.
This reversal follows a period in which Ethereum products outpaced Bitcoin ETFs through August.
Analysts attributed Ethereum’s earlier strength to rotation into the token, its yield-generating features, improved regulatory outlooks, and growing institutional adoption by corporate treasuries.
SoSoValue reports that for the month of August overall, Bitcoin ETFs recorded $751 million in net outflows, while Ethereum ETFs saw $3.87 billion in net inflows.
Bitcoin Price Extends Recovery
Alongside the ETF flows, spot Bitcoin continued to rebound this week.
At the time of writing on Wednesday, Bitcoin was trading around $111,200 after finishing Tuesday above its 100-day exponential moving average at $110,720.
The move follows a nearly 5% pullback last week, but the recovery suggests the rebound may be gaining traction.
Technical indicators show the relative strength index (RSI) around 45, approaching the neutral 50 level, while the moving average convergence divergence (MACD) histogram has been shrinking and moving closer to the signal line. Both signals point to a waning bearish momentum.
If the recovery continues, analysts say Bitcoin could test daily resistance near $116,000. On the downside, a correction could see prices retrace toward support around $105,573.
Ethereum Holds Support at $4,232
Ethereum also recovered after retesting support at $4,232. The token bounced modestly on Sunday and met resistance at $4,488 on Monday.
It held support again at $4,232 the following day and was trading near $4,328 on Wednesday.
Should the $4,232 support level remain intact, Ethereum may attempt to break above the $4,488 resistance.
A sustained close above that level could position the token to move toward its previous high near $4,956.
Ripple (XRP) followed the broader trend, climbing modestly in tandem with Bitcoin and Ethereum’s rebounds.