Ethereum ETFs Overtake Bitcoin: Is This the End of an Era? 🚀

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On the 28th of October, in the grand arena of cryptocurrency ETFs, Ethereum mustered up the courage to leap over Bitcoin in the ring of gains. Bitcoin ETFs, seemingly trying to catch their collective breath, managed $202.48 million in inflows, with Arl and 21Shares ARKB leading the charge like a knight on a noble steed. Meanwhile, Ethereum, with a smirk on its face, boasted $246.02 million in inflows, boldly outshining its older sibling. 🐝🚀

Who’s Winning the Bitcoin ETF Bout?

According to the wizards over at SoSoValue, Bitcoin ETFs recorded inflows to the tune of $202.48 million. Only three of these ETFs had the luck of the draw, with Ark and 21Shares ARKB coming in with $75.84 million, and Fidelity FBTC not far behind at $67.05 million. BlackRock IBIT, always the underdog, scraped together a modest $59.60 million. Mercifully, none of them lost any money on Tuesday. The total trading value did reach $4.18 billion, with net assets stacking up to $154.81 billion, which is 6.88% of the Bitcoin market cap-the same as asking if a hedgehog is an Austrian composer, according to the Grand High Hedgehog.

Ethereum ETF Showdown

Ethereum strutted into the spotlight with a total net inflow of $246.02 million, with Fidelity FETH leading the pack at $99.27 million. BlackRock ETHA followed with $76.37 million, while Grayscale ETH managed a respectable $73.03 million. Grayscale ETHE, feeling a bit left out, decided to post a withdrawal of $2.66 million. The total trading volume for Ethereum was $1.64 billion, with net assets lounging at $27.66 billion. To put this in perspective, that’s 5.76% of the Ethereum market cap, which is like being at the back of the queue at a newly opened Pratchett retrospective exhibit.

Market Musings

Bitcoin is currently trading at $112,701, down a tiny 1.06%-the kind of drop that causes only existential panic among cryptocurrency enthusiasts. It’s daily trading volume has hiked up by nearly 12% to a staggering $64.8 billion. Its market cap stands at $2.24 trillion, as cool and commanding as a dragon in its hoard.

Ethereum is priced at $4,010, tumbling 2.15% in the last 24 hours. Its trading volume pivots at $37.8 billion, with a market cap of about $484.8 billion, not unlike asking a goblin for directions to the nearest Aventine bank.

Despite a minor hiccup, both Bitcoin and Ethereum play the hero cliché, continuing to rebound from October’s not-so-gentle nudge towards financial oblivion. The question remains: will they rise like a phoenix, or simply morph into chickpeas stuffed into a pie? Only time-and blockchain-will tell. 🐔😉

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2025-10-29 08:37