Bitcoin ETFs Rake in $2 Billion as September Sees Massive Shift from Ethereum

Investors are dumping Ethereum and piling into Bitcoin ETFs—$2 billion flooded in during September alone.

The Great Rotation

Money's moving fast from ETH to BTC products as institutional players reposition portfolios. ETF flows don't lie—this isn't retail FOMO, it's smart money making calculated bets.

Wall Street's Crypto Play

Traditional finance finally gets it: Bitcoin is the digital gold standard. While Ethereum struggles with scalability debates, Bitcoin ETFs offer pure exposure without the technical headaches—because sometimes simpler is better in a complex market.

September's massive inflow proves one thing: when uncertainty hits, investors flock to the original cryptocurrency. Meanwhile, traditional bankers are still trying to figure out blockchain—but they're happy to collect those management fees.

Bitcoin ETFs now drive price action

The latest flows reinforce ETFs’ growing role in shaping Bitcoin’s price trajectory.

André Dragosch, head of research at Bitwise Europe, noted on X that daily net ETF flows have become the strongest determinant of Bitcoin’s market direction since US regulators approved the first spot products earlier this year.

According to him:

“Since early 2024 and the US ETF approvals, daily net flows have shown a significantly stronger correlation with subsequent returns, underscoring the extent to which institutionalized demand via ETPs now shapes price discovery.”

Notably, this is evident in the top crypto’s recent price performance. This month’s recent spate of inflows coincided with Bitcoin’s price consolidating NEAR $114,000 and reversing the several weeks of weak performance.

Considering this, Dragosch stressed that:

“Bitcoin ETPs have become far more than an investor convenience. They are now a crucial determinant of market liquidity, performance, and the evolution of Bitcoin’s broader ecosystem.”