Bitcoin exchange-traded funds (ETFs) listed in the US have seen a remarkable inflow of nearly $2.9 billion over the past week, indicating a significant resurgence in investor confidence following a sell-off in August.
Data from Coinperps reveals that on September 16 alone, Bitcoin ETFs attracted $292.27 million, capping a week of vigorous activity with total inflows of $2.87 billion.
This shift is in stark contrast to the previous month when the products experienced a loss of over $750 million due to a transition towards Ethereum-focused ETFs.
Momentum in Bitcoin ETFs
The change represents more than temporary flows. Bitwise pointed out that US-listed Bitcoin ETFs are now securing more capital than the new Bitcoin entering the market, reinforcing the recovery.
Nate Geraci, President of NovaDius Wealth Management, noted the scale of this trend, highlighting that these funds have accumulated over $22 billion in inflows since January.
This rebound aligns with a decline in momentum for Ethereum-focused products.
In August, investors allocated approximately $3.87 billion to Ethereum ETFs, while Bitcoin products lagged.
However, this month, Bitcoin ETFs have already secured $3.14 billion, compared to a mere $148 million for Ethereum. Just last week, BTC ETFs attracted $2.4 billion globally, significantly outpacing Ethereum’s $646 million.
The resurgence seems driven by increasing institutional confidence. Market experts cite regulatory clarity and a broader range of large financial institutions offering Bitcoin access as key factors.
For context, Bitwise CEO Hunter Horsley recently revealed that one of the largest banks in the country, holding over $1 trillion in assets, has partnered with Bitwise as an asset manager.
Simultaneously, Bitwise’s flagship product, the Bitwise Bitcoin ETF (BITB), has received approval for inclusion in managed accounts and brokerage platforms serving more than 10,000 wealth managers.
This level of adoption has positively impacted the overall market performance of BTC ETFs.
Data from Ecoinometrics indicates that two BTC ETFs now rank among the top 100 by assets under management, collectively holding $110 billion.
BlackRock’s IBIT, the largest player in the sector, is approaching the size of SPDR Gold Shares (GLD), a standard in traditional safe-haven investments.
