- Spot Ethereum ETFs experienced two consecutive weeks of outflows amid a decline in investor interest.
- Ether funds recorded $244 million in withdrawals last week, following $311 million the prior week.
- Spot Bitcoin ETFs saw renewed inflows of $446 million last week, led by institutional investors.
- Bitcoin ETF assets now total nearly $150 billion, representing about 6.78% of Bitcoin’s market capitalization.
- Market views indicate a rotation toward Bitcoin as a store-of-value amid global economic uncertainties and expected interest rate cuts.
Spot Ethereum exchange-traded funds (ETFs) registered net outflows for the second straight week, reflecting waning investor demand after several months of substantial inflows. The trend, occurring through the week ending Friday, highlights changing sentiment in the Ethereum investment segment.
Data shows that collectively, Ether (ETH) spot ETFs experienced net redemptions amounting to approximately $243.9 million last week. This followed outflows of about $311 million the previous week. Overall, Ethereum spot ETFs have seen cumulative inflows of $14.35 billion, with total net assets reaching $26.39 billion. These assets represent roughly 5.55% of Ethereum’s total market capitalization.
On the most recent Friday, these funds saw $93.6 million in outflows, primarily led by BlackRock‘s ETHA ETF, which saw withdrawals totaling $101 million. In contrast, products like the Grayscale ETHE and Bitwise ETHW funds posted minor inflows during the same period.
Conversely, spot Bitcoin (BTC) ETFs attracted renewed investor interest last week, logging $446 million in net inflows as institutional investors reentered the market. Friday alone contributed an additional $90.6 million. These gains bring total Bitcoin ETF inflows to $61.98 billion, with net assets nearing $150 billion, or 6.78% of Bitcoin’s market capitalization.
BlackRock‘s iShares Bitcoin Trust (IBIT) led Bitcoin ETF inflows, adding $32.7 million. Fidelity’s FBTC also contributed $57.9 million in inflows. IBIT and FBTC remain the two largest Bitcoin ETFs, holding $89.17 billion and $22.84 billion in assets, respectively.
Vincent Liu, chief investment officer at Kronos Research, noted the ETF flows signal a “strong” shift toward Bitcoin, emphasizing its role as “digital Gold” and a store of value. He stated that confidence in Bitcoin grows amid global uncertainty and anticipation of interest rate cuts. Meanwhile, Ethereum’s continued outflows suggest softer demand and reduced network activity, with investors awaiting new market catalysts.
Looking ahead, Liu expects Bitcoin ETF inflows to remain robust as traders position for potential monetary easing benefits. He added, “Ethereum and other alts could regain only if network activity picks up or a new catalysts emerge.”
For more detailed inflow and outflow figures, see the Total Crypto Spot ETF Fund Flow data.
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