Bitcoin News Update: Bitcoin's Reputation as 'Digital Gold' Sparks Shift from Ethereum ETFs

Ethereum ETFs experienced outflows for the second week in a row at the end of October, as investors redirected funds toward

, widening the gap between the two top cryptocurrencies. Data from SoSoValue shows that ETFs saw a net withdrawal of $18.77 million on October 22, with Fidelity’s FETH fund accounting for $49.46 million of that total. Grayscale’s Ethereum Trust (ETHE) and Ethereum ETF (ETH) together lost $79.93 million, highlighting declining institutional interest in the second-largest crypto asset, according to .

In contrast, Bitcoin ETFs showed strength, as BlackRock’s iShares Bitcoin Trust (IBIT) brought in $73.63 million in new investments that same day, helping to balance out the $101.29 million in overall outflows from the sector. Coinpedia also noted that these differing trends underscore Bitcoin’s increasing dominance among ETFs, with total net assets reaching $146.27 billion—representing 6.81% of Bitcoin’s market value—while Ethereum ETFs hold $25.81 billion, or 5.66% of ETH’s market cap.

This trend reflects broader shifts in the market. Bitcoin’s price held steady around $108,630, while Ethereum slipped 0.89% to $3,832.38, extending its multi-week decline. Vincent Liu, CIO at Kronos Research, pointed out that Bitcoin’s appeal to institutions has grown as Ethereum faces weaker on-chain activity and increased price swings, according to

.

After a short-lived rebound in July, when Ethereum briefly surpassed Bitcoin in weekly ETF inflows, outflows from Ethereum ETFs have picked up again since mid-October. BlackRock’s ETHA, the largest Ethereum ETF, saw $100.99 million in withdrawals on October 18, as reported by Coin Tribune. Total inflows for Ethereum ETFs now stand at $14.35 billion, well behind Bitcoin’s $61.87 billion, according to

.

Bitcoin’s lead in the ETF market was further supported by Fidelity’s Wise Origin Bitcoin Fund (FBTC), which attracted $57.92 million in October, and Bitwise’s BITB, which gained $17.41 million, according to

. Despite a $101.3 million outflow on October 22, Bitcoin ETFs still achieved a weekly net inflow of $446 million, mainly due to BlackRock’s IBIT and FBTC, Coin Tribune reported. The total trading volume for Bitcoin ETFs reached $3.34 billion for the week, compared to $1.41 billion for Ethereum ETFs, according to Coin Tribune.

Market watchers are paying close attention to regulatory updates, such as the SEC’s postponed decisions on

and ETFs, which has shifted attention back to Bitcoin and Ethereum. Polymarket data suggests a 77% chance that a Cardano ETF will be approved in 2025, but Bitcoin’s early advantage in the ETF market continues to draw institutional investment, according to .

As of October 24, Bitcoin was trading at $111,600, marking a 4.5% rebound from its October 11 low, while Ethereum hovered around $3,950, Coinotag reported. With Bitcoin ETFs now holding 6.4% of the total supply and Ethereum ETFs accounting for 5.55% of ETH’s market cap, ETFs are playing a growing role in shaping crypto market liquidity and price trends, as highlighted by

. Investors remain divided between Bitcoin’s appeal as a macro hedge and Ethereum’s prospects for network-driven growth, but for now, capital is flowing more strongly into Bitcoin.