Spot Bitcoin Etfs Lead $ 332m inputs as Ethereum Fondas Sangran

The funds quoted in the stock market (ETF) Spot Bitcoin registered $ 332.7 million in net tickets on Tuesday, surpassing their counterparts from Ethereum, who saw $ 135.3 million in net exits, according to Sosovalue data.

Fidelity FBTC led the increase, attracting $ 132.7 million, followed by Blackrock Ibit with $ 72.8 million. Additional tickets were reported on other important emitters, including Grayscale, Ark 21shares, Bitwise, Vaneck and Invesco.

ETFS ETHER (ETH) posted outputs. Feth of Fidelity represented most of the bleeding, losing $ 99.2 million, while Bitwise’s ETHW showed $ 24.2 million. Ether Etfs also saw $ 164 million in departures on Friday.

The investment occurred after a strong August for Ethereum funds, which saw $ 3.87 billion in tickets compared to the exits of $ 751 million Bitcoin ETFs (BTC).

Related: How high can the price of Bitcoin come as gold successes are recorded exceeding $ 3.5K?

Bitcoin’s “digital gold” narrative recovers impulse

The renewed increase in Bitcoin Spot ETF occurs when Bitcoin’s “Digital Gold” narrative is returning. “Bitcoin is attracting once again institutional flows since its digital gold narrative recovers traction,” said Vincent Liu, Investment Director of Kronos Research, Cointelegraph.

“With gold in the maximum of all time, the appetite for hard assets is being clearly strengthened. In this environment of the macro uncertainty, BTC stands out against ETH, which seems to be entering a period of taking a profit,” he added.

Liu said this trend could continue while global markets remain unstable, and investors favor Bitcoin for their perceived and attractive safe stability.

Related: Upite in Bitcoin Spot Trading suggests possible ruptures at $ 119K

Crypto Funds Rebound with $ 2.48 billion in weekly tickets

As reported, Crypto Investment Products recovered last week, obtaining $ 2.48 billion in net tickets after the departure of $ 1.4 billion from the previous week.