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Bitcoin ETFs Draw $333 Million in a Day as Ether Funds See $135 Million Pulled

Investors appear to be rotating toward perceived safety, with bearish hedging building in Ether options.

Overview

  • On Sept. 2, spot Bitcoin ETFs recorded $332.7 million in net inflows led by Fidelity’s FBTC ($132.7 million) and BlackRock’s IBIT ($72.8 million), according to SoSoValue.
  • Spot Ethereum ETFs posted $135.3 million in net outflows the same day, driven by Fidelity’s FETH (-$99.2 million) and Bitwise’s ETHW (-$24.2 million).
  • The shift follows August, when Ethereum funds drew $3.87 billion in net inflows as Bitcoin ETFs registered $751 million in outflows.
  • Derivatives data show increased bearish positioning on Ether, with elevated put activity targeting Sept. 12 ($3,600–$3,800) and Sept. 26 ($4,000–$5,000) expiries, Decrypt reported.
  • Bitcoin traded near $111,000 after closing above its 100‑day EMA, and spot BTC ETFs hold about $109 billion in assets as the ‘digital gold’ thesis gains traction, per CoinGlass and analyst commentary.