Bitcoin’s rebound gathered momentum this week as exchange-traded funds tied to the cryptocurrency recorded $332.7 million in net inflows on Tuesday, according to data from SoSoValue. The flows marked a sharp divergence from Ethereum funds, which saw heavy redemptions.
Fidelity’s FBTC fund led with $132.7 million, while BlackRock’s IBIT added $72.8 million. Other issuers, including Ark & 21Shares, VanEck, Invesco, Bitwise, and Grayscale, also reported new allocations, reinforcing the perception that institutional investors are tilting back toward Bitcoin.
Ethereum ETFs, by contrast, saw $135.3 million in daily outflows, led by Fidelity’s FETH at $99.2 million and Bitwise’s ETHW with $24.2 million in withdrawals. The move extended a broader trend, as ETH products had already shed $164 million in recent days after prices slipped below $4,300.
BTC Price Recovers Above $111K
The stronger ETF flows coincided with a price rebound. Bitcoin climbed from lows of $107,250 to trade near $111,700, recovering ground after repeated tests of support. Analyst Ali Martinez cautioned that resistance remains firm at $110,700, warning that a failure to clear that level could send BTC back toward $107,200 or $103,000.
Meanwhile, institutional and sovereign players continue to expand exposure:
- MicroStrategy purchased 4,048 BTC for $449.3 million at an average price of $110,981, boosting its holdings to 636,505 BTC worth $47 billion.
- BlackRock’s ETF operations now control more than 746,000 BTC, the largest single fund operator globally.
- ETFs collectively hold roughly 7% of Bitcoin’s supply, reflecting steady institutional adoption.
These figures underscore the growing role of large-scale investors in shaping price momentum.
Ethereum Struggles as Bitcoin Leads
Ethereum has faced contrasting sentiment. Despite recent enthusiasm that saw BlackRock’s Ethereum ETF absorb $315 million in a single session, investor appetite has cooled. Outflows highlight caution as ETH underperforms, though some analysts argue this could represent a dip-buying opportunity for long-term investors.
On the geopolitical front, blockchain analytics firm Arkham reported that the United Arab Emirates is now among the top four sovereign Bitcoin holders, with over 6,300 BTC valued at $740 million through its Citadel Mining venture.
For now, Bitcoin remains the preferred asset for institutions seeking exposure, with ETF demand reinforcing its dominance. Ethereum’s weaker flows suggest investors are waiting for clearer signals before re-entering aggressively.