Ethereum ETFs Surge with Record Inflows as Bitcoin ETFs Maintain Positive Momentum

The crypto market witnessed a robust finish to the week, with Ethereum exchange-traded funds (ETFs) leading the charge by securing substantial inflows, while Bitcoin ETFs managed to stay in positive territory despite challenges. Ethereum ETFs extended their impressive streak of positive inflows to 16 consecutive sessions, amassing a significant $452.72 million on Friday alone. Meanwhile, Bitcoin ETFs added $130.69 million to their coffers, overcoming a notable outflow from Grayscale’s GBTC fund. This performance underscores the growing investor confidence in cryptocurrency ETFs, with Ethereum funds particularly shining in the spotlight.

Ethereum ETFs have solidified their position as a dominant force in the market. BlackRock’s ETHA fund led the pack, drawing an impressive $440.10 million in inflows, showcasing strong investor demand. In contrast, Grayscale’s ETHE experienced a $23.49 million outflow, but this was offset by contributions from other funds, including Grayscale’s Ether Mini Trust, which added $18.87 million. Bitwise’s ETHW and Fidelity’s FETH also contributed to the positive momentum, bringing in $9.95 million and $7.30 million, respectively. The total trading volume for Ethereum ETFs reached $1.50 billion, pushing their net assets to $20.66 billion, a clear indicator of their expanding influence in the crypto investment landscape.

Bitcoin ETFs Hold Steady Amid Mixed Flows

Bitcoin ETFs, while not matching Ethereum’s fervor, maintained a positive trajectory with six funds recording inflows. BlackRock’s IBIT led the Bitcoin ETF market, securing $92.83 million, reinforcing its position as a top performer. Ark 21Shares’ ARKB followed with $30.27 million, while Bitwise’s BITB and VanEck’s HODL added $20.96 million and $18.16 million, respectively. Smaller contributions came from Fidelity’s FBTC, with $10.19 million, and Grayscale’s Bitcoin Mini Trust, which recorded $8.79 million. However, a $50.50 million outflow from Grayscale’s GBTC slightly dampened the day’s gains. Despite this, the overall inflow kept Bitcoin ETFs in the green, with trading activity reaching an impressive $4.45 billion and net assets holding steady at $151.45 billion.

The week’s performance highlights the resilience and appeal of cryptocurrency ETFs, particularly Ethereum funds, which continue to break records with consistent inflows. Investors appear to be favoring Ethereum ETFs for their growth potential, as evidenced by their substantial net asset growth. Bitcoin ETFs, while facing some headwinds from outflows in specific funds, remain a reliable option for those seeking exposure to the largest cryptocurrency by market cap. As the crypto market evolves, the strong trading volumes and asset growth in both Ethereum and Bitcoin ETFs signal a maturing investment landscape, with institutional and retail investors showing sustained interest.