Bitcoin ETFs are attracting money again, and Ether funds are heading the other way. US spot Bitcoin ETFs recorded or net daily inflows of $103 million, according to SoSoValue. BlackRock's IBIT took in $196 million, offsetting a $61 million outflow from Fidelity's FBTC. Ether ETFs recorded net daily outflows of $55 million.
**A strong quarter behind it**
The latest inflow follows a solid stretch. US spot Bitcoin ETFs pulled in $2.65 billion in September, after $3.52 billion in August. The funds together now rhey hold roughly $109 billion worth of Bitcoin. Yet the price has stayed between $83,500 and $86,600 for twelve days, so heavy inflows haven't produced a clean breakout.
Why Bitcoin and Ether are splitting why are you now about it or not to read this👇
Ether ETFs posted their third straight outflow while Bitcoin funds were taking in money. That suggests institutions are leaning toward Bitcoin as the fourth quarter begins. Bitcoin is also seen as the safer large-cap choice when the economic picture is uncertain.
The jobs report catalyst
Bitcoin rallied after a surprisingly weak US jobs report. Payrolls rose only 29K against expectations of 84K to 90K, and unemployment hit 4.2%, while BTC traded near $86,688, up 3.38%. Short sellers got squeezed too: short liquidations of $269.87 million made up most of the $362.77 million total.
What to watch
Flows can reverse quickly, and a one-day inflow is not a trend. Traders will be watching whether Bitcoin can hold above the $86,000 area and whether ETF inflows continue for several sessions. Ether ETF flows will show whether institutional interest there is fading or just pausing.
*For information only. Not financial advice.*
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