Ethereum ETFs Experience Significant Outflows as Bitcoin ETFs Gain Inflows
- US spot Ethereum ETFs recorded $201.9 million in net outflows on October 6.
- Bitcoin ETFs saw approximately $118.8 million in net inflows on the same day.
- The outflow from Ethereum was primarily from BlackRock’s ETHA product.
- BlackRock’s IBIT accounted for $122 million of the positive flow into Bitcoin ETFs.
- Previous Ethereum ETF outflows included $55.4 million on October 1, $37.4 million on October 2, and $50.8 million on October 5.
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The divergence between Bitcoin and Ethereum ETF flows highlights contrasting investor sentiment towards these assets at the start of October, with significant capital moving into Bitcoin products while exiting Ethereum funds.
This trend raises questions about institutional demand dynamics for BTC versus ETH, as recent sessions have shown consistent Ethereum outflows compared to Bitcoin’s inflows.(Source)
