Bitcoin Dominance Grows as Ethereum Flows Reverse

The global cryptocurrency market cap has reached $2.96 trillion, up 1.3% in the last 24 hours, according to CoinGecko data.

Bitcoin maintains its dominance with a share of 57%, while Ethereum holds 11.2%. The gap between their shares is significant, and it appears that money is rotating towards Bitcoin and away from smaller coins.

Bitcoin ETFs saw a net inflow of $66.19 million on September 29, led by BlackRock with $51.09 million and Ark & 21Shares with $33.24 million. Bitwise, however, recorded an outflow of $18.14 million.

Ethereum ETFs, on the other hand, experienced a net outflow of $2.81 million, with Grayscale buying the dip by adding $12.83 million. BlackRock and Fidelity pulled out $8.94 million and $6.70 million, respectively.