In a latest update in the crypto ETF sector, Bitcoin ($BTC) and Ethereum ($ETH) ETFs show divergent flows. As per the data from Lookonchain, Bitcoin ETFs have cumulatively added a considerable amount of 1,147 $BTC while Ethereum ETFs have gone through notable outflows of 3,775 $ETH. According to the on-chain analytics provider’s latest X post, this disparity in ETF flows indicates a significant sentiment shift in the market.
Bitcoin ETFs Add 1,147 $BTC With $IBIT Leading with 955 $BTC in Inflows
The data from Lookonchain points out that the Bitcoin ($BTC) ETFs recorded $1,147 $BTC in net inflows. This figure accounts for a $97.03M in total value. Particularly, BlackRock’s iShares Bitcoin Trust ($IBIT) took the lead with a big inflow of 955 $BTC, denoting $80.73M. This inflow raised the ETF’s Bitcoin holdings to 573,188 $BTC, equaling $48.47B.
The rest of the Bitcoin ETFs also added considerable $BTC, with $HODL of VanEck witnessing 28 $BTC in inflows. Apart from that, $BRRR of Valkyrie added almost 46 $BTC and $BTCO of Galaxy incorporated 87 $BTC. Moreover, Grayscale Bitcoin Mini Trust ($BTC) gained 40 $BTC while the only ETF with negative flows was the Grayscale Bitcoin Trust ($GBTC) with a loss of 8 $BTC.
Ethereum ETFs Lose 3,775 $ETH With $ETHE Recording Largest Outflow of 5,241 $ETH
In a significant contrast, Ethereum ETFs have remained mostly bearish. The total outflow across the 9 $ETH ETFs reached a substantial 3,775 $ETH. This amount equals $6M in total. During the recent weekly, the overall outflows of Ethereum ETFs have spiked to 43,043 $ETH, excluding $68.4M in total. The Ethereum ETF with the biggest one-day outflow is Grayscale’s $ETHE, recording 5,241 $ETH. This accounts for $8.33M in total, pushing its total holdings to 1,169,305 $ETH ($1.86B).
According to Lookonchain’s data, the other Ethereum ETFs also saw considerable losses, with Fidelity’s $FETH reporting 6,995 $ETH in weekly outflows. Simultaneously, iShares Ethereum Trust ($ETHA) has gone through a loss of 2,725 $ETH over the past seven days. On the other hand, some Grayscale Ethereum Mini Trust ($ETH) and Invescor Galaxy Ethereum ETF ($QETH) recorded 1,411 $ETH and 54 $ETH in inflows.
