U.S. Bitcoin ETFs Rebound as Retail and Institutional Investors Reposition
U.S. spot Bitcoin exchange-traded funds (ETFs) experienced a strong rebound on Monday, reversing two consecutive days of outflows and signaling renewed confidence from institutional investors. According to SoSoValue data, the net inflow totaled $368.25 million, marking the largest single-day capital injection since August 8. Notably, none of the twelve spot Bitcoin ETFs recorded outflows, highlighting broad-based interest.
Fidelity Leads Inflows Amid Institutional Demand
Fidelity’s FBTC led the inflows with a $156.50 million net increase, followed by Ark Invest and 21 Shares’ ARKB with $89.47 million. Analysts suggest that these moves reflect strategic positioning ahead of a key week of macroeconomic reports, including Tuesday’s Nonfarm Payrolls revisions, Wednesday’s Producer Price Index, and Thursday’s Consumer Price Index.
Illia Otychenko, lead analyst at CEX.IO, noted that investors are gearing up for the Federal Reserve’s interest rate decision on September 17. While a modest quarter-point rate cut was anticipated, growing expectations of a half-point cut appear to be driving additional interest in Bitcoin ETFs as a perceived safer asset.
Ethereum ETFs See Continued Outflows
In contrast, Ethereum ETFs posted a net outflow of $96.69 million, marking a sixth consecutive day of declines. Otychenko explained that capital rotation patterns indicate investors are moving funds from Ethereum to Bitcoin, favoring BTC as a more stable hedge ahead of the Fed decision.
Meanwhile, short-dated implied volatility for both Bitcoin and Ethereum surged by 15% over the weekend, signaling that options traders are bracing for significant price action in the coming days.
Currently, Bitcoin trades around $112,654, up 0.8%, while Ethereum changes hands at $4,348, up 1.1% over the past 24 hours, according to CoinGecko data.
