According to data, Bitcoin ETFs have attracted $800 million in inflows over the past two days. This highlights a renewed interest from both institutional and retail investors.

Strong Performance on October 11

On October 11, the twelve U.S. spot Bitcoin ETFs recorded net inflows totaling $253.54 million. Fidelity's Bitcoin ETF (FBTC) led the pack, attracting $117.10 million. Other notable performers included Ark Invest’s ARKB, with $97.58 million, and Bitwise’s BITB, adding $38.81 million. However, the nine spot Ethereum ETFs faced modest outflows, totaling approximately $97,110, with Fidelity’s FETH managing $8.61 million, while Grayscale’s ETHE experienced a slight decline.

A Record-Breaking Day on October 14

The excitement continued on October 14, when Bitcoin spot ETFs experienced their largest single-day inflow in over four months, attracting $555.9 million in net inflows, the highest since early June. This influx coincided with Bitcoin reaching a two-week high of $66,500. Fidelity Wise Bitcoin Origin Fund (FBTC) secured $239.3 million, followed by Bitwise’s BITB and BlackRock’s iShares Bitcoin Trust (IBIT) with $100 million and $79.6 million, respectively. Nate Geraci described the day as a 'monster day' for Bitcoin ETFs, noting their net inflows are approaching $20 billion over the past ten months.

Ethereum ETFs Struggle

While Bitcoin ETFs thrive, Ethereum funds face challenges. Bitwise, VanEck, Franklin, and Grayscale reported zero net flows. Only minor inflows were achieved by Fidelity and Invesco. Meanwhile, the BlackRock iShares Ethereum Trust (ETHA) saw an inflow of $14.3 million, bringing its total to $17 million on October 14.

Bitcoin ETFs have recently drawn significant attention and investment, underscoring renewed interest among diverse investors. Nonetheless, Ethereum funds are not matching this performance yet. Observing the future developments of these trends will be intriguing.