The US listed spot Bitcoin exchange fund (ETF) recorded a seven-day inflow streak of a total of $2.9 billion, indicating the critical gains of investors' trust after the sale in August.
Data from Coinperps shows that Bitcoin ETF won $29,227 million on September 16 alone. That daily profit has curtailed a week-long surge in activity, with influx reaching $2.87 billion over the period.
The reversal is in stark contrast to the previous month, when the product poured over $750 million in its rotation into an Ethereum-based ETF.
Bitcoin ETFS momentum
Shifts reflect more than just short-term flows. Bitwise emphasized that US-traded Bitcoin ETFs are reabsorbing more capital than the new Bitcoin supply entering the market, strengthening the latest recovery.
Nate Geraci, president of Novadius Wealth Management, highlighted the scale of this trend, noting that these funds have secured more than $22 billion inflows since January.
The rebound is because Ethereum-focused products are losing momentum in the market.
In August, investors allocated around $3.87 billion to the Ethereum ETF, but Bitcoin products struggled.
However, this month, Bitcoin ETFs have already attracted $3.14 billion, compared to Ethereum's only $148 million. In last week alone, the BTC ETF has brought in $2.4 billion worldwide, well above Ethereum's $646 million.
Turnaround appears to be driven by the growing institutional convictions. Market participants point to clear regulatory efforts and an expanded lineup of large financial institutions that provide Bitcoin access as a catalyst.
For context, Bitise CEO Hunter Horsley recently revealed that one of the nation's largest banks with assets worth over $1 trillion is equipped with Bitwise as its asset manager.
At the same time, its flagship product, Bitise Bitcoin ETF (BITB), has also received approval for use by managed accounts and brokerage companies that serve more than 10,000 wealth managers.
As a result, the scale of this adoption has improved the overall market performance of BTC ETFs.
Data from Eco-Inometrics shows that two BTC ETFs are currently ranked among the top 100 for each managed asset, collectively holding $110 billion.
The group's largest BlackRock's IBIT is closed to SPDR Gold Shares (GLD), a traditional benchmark for safe haven investments.
