Bitcoin ETFs Soar as Ethereum Takes a Hit

The week of September 28 to October 2 saw a notable split in crypto ETF flows, with Bitcoin recording $82.9 million in net inflows, while Ethereum suffered $118 million in net outflows, according to Farside Investors.

Bitcoin's weekly intake fell sharply from $2.39 billion in the preceding week. The largest ETF, BlackRock's IBIT, recorded $292 million in net inflows across Monday through Thursday, with its largest intake being $195.6 million on October 1.

Ethereum ETFs, on the other hand, reversed their previous week's inflows, which totaled $689.8 million. Instead, they posted $118 million in net outflows, with Fidelity's FETH accounting for $74.1 million of this total.