Bitcoin ETFs showed substantial fund withdrawal during the recent market period, yet Ethereum ETFs received large amounts of new capital. The Bitcoin ETF data recorded by Lookonchain demonstrated an outflow of 510 BTC, which led to about $49.92 million in investment loss. The growth of Ethereum ETFs led to the investment of around $25.9 million through the inflow of 9,368 ETH. Market trends demonstrate changing investor perceptions because Ethereum has received more investments than Bitcoin throughout this recent trading period.
Bitcoin ETFs Record Heavy Outflows Led by Fidelity
Bitcoin Exchange-Traded Funds (ETFs) experienced their largest-ever total net withdrawal of 510 BTC throughout the previous week. The main factor driving Bitcoin’s market decline came from Fidelity’s Wise Origin Bitcoin Fund (FBTC), which withdrew 502 BTC worth $49.1 million. Several Bitcoin ETFs displayed limited declines, with ARK 21Shares Bitcoin ETF (ARKB) and Grayscale Bitcoin Trust (GBTC) losing 90 BTC and 8 BTC during the recent period, respectively.
Several Bitcoin exchange-traded funds maintained stable value in spite of the overall market withdrawal tendencies. The weekly data indicates that Invesco Galaxy Bitcoin ETF (BTCO) achieved the only inflows, bringing in 164 BTC alongside Grayscale Bitcoin Mini Trust (BTC), which added 234 BTC. The combined net withdrawals from Bitcoin ETFs reached 2,491 Bitcoins, with a market value of $243.78 million throughout the seven-day observation period.
While Bitcoin ETF assets have experienced outflows, the overall holdings consist of 1,165,213 BTC worth $114.03 billion.
Ethereum ETFs Attract Strong Inflows, Led by Fidelity
Within the opposite trend of Bitcoin downturns, Ethereum ETFs received substantial inflows of 9,368 ETH in new holdings. The Fidelity Ethereum Fund (FETH) led an overwhelming uptrend, bringing in 8,997 ETH worth $24.87 million. The positive activity among Ethereum-traded funds remains robust as iShares (BlackRock) Ethereum Trust (ETHA) acquired 4,542 ETH.
Several Ethereum ETFs did not participate in the upward trend of the market. The Grayscale Ethereum Trust (ETHE) experienced 89 ETH withdrawals, and simultaneously, the Grayscale Ethereum Mini Trust (ETH) saw 2 ETH removed from its holdings. Ethereum ETFs attracted 7,886 ETH worth $21.8 million as their combined seven-day net inflow, even though certain products experienced minor outflows.
The current value of total Ethereum ETF investments amounts to $10.49 billion, with a total holding of 3,793,783 ETH.
Conclusion
Recent ETF data reveals that investors show distinct preferences regarding Ethereum versus Bitcoin because they choose to allocate capital to Ethereum rather than Bitcoin. Ethereum ETFs continue drawing new investor money because institutional investors show increasing belief in Ethereum as a viable investment option. The ongoing increase in Ethereum ETF investment could establish Ethereum as the preferred choice for institutional investors throughout the next months.
