The ETF market indicates that Bitcoin wins investor trust as Ethereum sees significant withdrawal from its investors. The data gathered from Lookonchain shows Bitcoin ETFs attracted +197 BTC worth $16.63 million whereas Ethereum ETFs lost -5,602 ETH valued at -$9.3 million.
The top two crypto assets show different trends because investors make different choices based on current macroeconomic conditions and institutional interest.
Bitcoin ETFs: Invesco and Franklin Take the Lead
Invesco Galaxy Bitcoin ETF (BTCO) led among all tracked Bitcoin ETFs with a substantial +353 BTC net inflow which expanded its total holdings to 5,206 BTC with an approximate current value of $439.87 million.
The net ETF market inflow statistics for Franklin Bitcoin ETF (EZBC) is at +258 BTC followed by ARK 21Shares Bitcoin ETF (ARKB) with +135 BTC and Valkyrie Bitcoin Fund (BRRR) at +43 BTC.
However, it wasn’t all green. GBTC Bitcoin Trust from Grayscale experienced substantial outflows equal to -569 BTC which resulted in a total weekly net withdrawal of -2,386 BTC. The Bitwise ETF experienced an intense daily decline which resulted in -147 BTC worth of bitcoin loss.
The strong position of Bitcoin ETFs persists through their current aggregated Bitcoin holding of 1,112,998 BTC worth more than $94 billion.
Ethereum ETFs Bleed Red Across the Board
All Ethereum exchange-traded funds showed negative trends in their performance data. In a single day, the combined Ethereum outflows totaled -5.602 ETH before reaching -36.982 ETH during the seven-day period worth approximately $61.39 million.
Bitwise Ethereum ETF (ETHW) experienced the highest total outflows in the period with 2,008 ETH on a daily basis and 3,657 ETH over a week. The VanEck’s Ethereum Trust (ETHV) suffered even more as it lost -2,929 ETH. During the week FETH at Fidelity reported a 29,479 ETH withdrawal despite experiencing no changes throughout the day.
Invesco Galaxy Ethereum ETF (QETH) experienced the positive movement as +924 ETH entered the fund which raised its total holdings to 7,755 ETH. Over the past week BlackRock’s ETH ETF (ETHA) received an overall positive +908 ETH while showing no movement for the day.
The combined Ethereum ETFs currently hold 3,363,063 ETH which has an estimated value of $5.58 billion.
ETF Market Sentiment and Outlook
The contrasting ETF flow represents investor doubt about Ethereum while they embrace Bitcoin’s “digital gold” position within market conditions. The negative market sentiment toward Ethereum exists partly because of its recent performance losses combined with delayed protocol enhancements.
Investors seem likely to shift substantial amounts of capital from Ethereum towards Bitcoin during the next weeks based on current trending data. Traditional financial institutions are increasing their trust in Bitcoin as an asset for both storing value and protecting investments long-term because they continue to invest through Bitcoin ETFs.
A widespread institutional interest exists for Bitcoin but Ethereum receives doubting investment perspectives from investors at present. ETF market movements serve as a strong indicator to track crypto industry changes.
