Bitcoin ETF Inflows Top $300M as Ethereum ETFs Dip
Bitcoin ETF inflows have topped $300 million over two trading sessions, led by BlackRock’s IBIT and Fidelity’s FBTC, marking an institutional rotation away from Ethereum ETFs, which saw over $135 million in outflows. This shift reverses August’s trend, when Ethereum’s spot ETFs dominated with $3.87 billion in net inflows. Analysts warn that while the concentrated dip-buying provides short-term support near Bitcoin’s $108,000 price level, sustained inflows over multiple days or weeks are required for a genuine trend reversal. On-chain signals—such as declining exchange reserves and steady spot ETH ETF subscriptions—suggest long-term accumulation in Ethereum despite its sub-$4,500 trading range. Traders should closely monitor daily ETF flow data, options positioning, macro indicators and on-chain metrics to assess market sentiment and potential price volatility. Bitcoin ETF inflows remain a key barometer of institutional sentiment in the current macroeconomic environment.
Bullish
Large spot Bitcoin ETF inflows indicate rising institutional demand, providing immediate upward pressure on BTC price and reducing selling pressure, a bullish signal in the short term. The rotation from Ethereum ETFs underscores shifting capital flows but requires sustained inflows to confirm a lasting trend reversal. On-chain metrics and ETF flow data give traders key indicators of market sentiment, reinforcing bullish bias if inflows persist. In the medium term, Bitcoin’s price stability near $108,000 and continued institutional allocations support positive momentum, although macroeconomic factors and monetary policy remain tail risks.