Ethereum ETFs See 100% Inflows as Bitcoin ETFs Face 100% Outflows
1min read Bitcoin ETFs experienced significant outflows, while Ethereum ETFs saw renewed investor interest. This shift in investor sentiment has sparked speculation about Ethereum's potential to outpace Bitcoin in the near future.
The crypto market has been highly volatile, with sharp fluctuations defining its trajectory. Despite a recent uptick in the global crypto market cap, the market was in a downturn just a day prior. This turbulence extends to the ETF landscape as well, with spot Bitcoin ETFs recording significant outflows, while spot Ethereum ETFs saw inflows.
Bitcoin ETFs faced significant outflows, with WisdomTree’s BTCW leading the decline, followed by Ark’s 21Shares ARKB and Bitwise’s BITB. The only exception was BlackRock’s IBIT, which recorded inflows, while other ETFs remained stagnant. Meanwhile, Ethereum ETFs saw inflows solely from Fidelity’s FETH, while all other ETH ETFs reported zero movement. This divergence suggests a shift in investor confidence, with Ethereum attracting renewed interest despite Bitcoin’s dominance.
Bitcoin was trading at a price, marking an increase in the past 24 hours, while Ethereum outperformed with a rise, reaching a price. Just a week ago, following the Federal Open Market Committee (FOMC) meeting, both assets successfully reclaimed key resistance levels despite concerns over a slowing economy. This resurgence has fueled speculation about Ethereum’s potential to outpace Bitcoin, particularly as ETH/BTC hovers near a five-year low.
An X user named DappPunk remarked, “It may not seem clear now, but if crypto succeeds ETH will still flip BTC.” Hence, with shifting investor sentiment and ETF flows reflecting a growing interest in Ethereum, the market now watches closely to see if ETH can stage a stronger recovery in the upcoming cycle.
