Bitcoin exchange-traded funds (ETFs) recorded $179 million in net inflows on August 28, surpassing Ethereum ETFs' $39.2 million for the first time in over a week. This shift occurred as the broader crypto market showed signs of cooling, with Bitcoin trading around $113,200 (down 3% in 24 hours) and Ethereum near $4,333 (down 13% from its all-time high of $4,953 on August 24).
Ark 21Shares' ARKB led Bitcoin ETF flows with $80 million, followed by BlackRock's IBIT ($63.7 million) and Bitwise's BITB ($25 million). For Ethereum, only BlackRock's ETHA ($67.6 million) and Grayscale's ETH ($6.3 million) posted inflows, partially offset by withdrawals from Fidelity and Bitwise totaling $34.7 million.
From August 21-27, Ethereum ETFs had dominated with $1.83 billion in inflows compared to Bitcoin's $171 million, boosting Ethereum's monthly inflows to $3.4 billion versus Bitcoin's negative $624 million outflows. Despite recent momentum, Ethereum ETFs remain significantly smaller in scale, with $29.5 billion in total net assets compared to Bitcoin's $145 billion.