Spot Ether ETFs Experience Outflows as Bitcoin ETFs See Inflows
- Spot Ethereum ETFs recorded $243.9 million in net outflows for the week ending Friday, following a $311 million outflow the previous week.
- Cumulative inflows for all Ether spot ETFs total $14.35 billion, with total net assets at $26.39 billion, about 5.55% of Ethereum’s market cap.
- In contrast, spot Bitcoin ETFs saw $446 million in net inflows this week, bringing cumulative inflows to $61.98 billion.
- BlackRock’s ETHA ETF led Ether withdrawals with $100.99 million, while Grayscale’s ETHE and Bitwise’s ETHW had minor inflows.
- On Friday alone, Ether funds experienced an additional outflow of $93.6 million.
The ongoing outflows from Ethereum ETFs indicate a cooling demand among investors, while the strong inflows into Bitcoin ETFs reflect renewed institutional interest and confidence in Bitcoin as a store-of-value asset amid market uncertainties.
With Bitcoin ETFs adding significant funds this week, totaling $446 million in inflows, the contrast highlights shifting investor sentiment away from Ethereum towards Bitcoin’s perceived stability.(Source)
