Bitcoin Spot ETFs Return to Inflows as Ether Funds Log a Ninth Straight Day of Outflows

Recent flow data show a widening gap between investor appetite for Bitcoin and Ether in the U.S. spot crypto ETF market. After suffering heavy outflows earlier in October, U.S. spot Bitcoin ETFs have edged back into net inflows, indicating that some investors are buying the dip or reallocating capital into the flagship crypto asset. In contrast, U.S. spot Ether ETFs recorded about $56.1 million in net redemptions on October 9 alone and have now seen outflows for nine consecutive trading days, underscoring a more cautious stance toward Ethereum exposure.

According to research cited in the same report, roughly $4.9 billion in fresh capital has entered the broader crypto ecosystem over the 30 days through October 5, driven by a combination of U.S. spot ETF inflows, growth in U.S. dollar‑pegged stablecoins, and additional Bitcoin purchases by corporates. This wave of demand has pushed realized capitalization—an on‑chain measure that values coins at their last transacted price—up by about $12.8 billion. Still, the persistent selling in Ether funds suggests that investors are gravitating toward Bitcoin as the primary macro hedge while seeking alternative yield opportunities in staking or other protocols for Ethereum. For Japanese investors tracking overseas products, the divergence in ETF flows offers a useful signal about which crypto assets are currently attracting or losing institutional conviction.