Bitcoin ETFs Soar with $101 Million in New Investment

Investors are showing a clear preference for Bitcoin over other cryptocurrencies when it comes to ETFs, according to recent data. On September 2, Bitcoin spot ETFs saw net inflows of $101.15 million, increasing their total net assets to $97.22 billion and cumulative net inflows to about $54.73 billion.

Daily trading volume for Bitcoin ETFs was approximately $1.73 billion, significantly higher than that of any other category of cryptocurrency ETF.

The picture is not as positive for the main altcoins. Ethereum ETFs saw daily net outflows of $48.08 million, despite maintaining positive 30-day flows of $1.83 billion. Cumulative inflows are still around $13.03 billion, indicating that the recent withdrawal is not as large as the total amount of capital accumulated over time.

XRP had an even greater withdrawal, with five XRP ETF products recording outflows of $57.20 million. However, cumulative net inflows are approximately $1.68 billion, and XRP's 30-day figure remains positive at $165.22 million.

Solana had the biggest outflow among the three, losing $6.13 million over the course of the day. Nevertheless, its overall figures are still positive: SOL ETFs have drawn $197.60 million over the past 30 days and roughly $1.34 billion overall.