Bitcoin ETFs recorded about $388 million in weekly outflows between December 23 and 27, while Ethereum ETFs recorded inflows of $349 million over the same period. Although cumulative Bitcoin ETFs saw a red week, Fidelity’s FBTC saw weekly gains of $183 million. The mixed performance has made it hard to gauge investors’ moods during the holidays.
With the outflows, the net asset value of spot Bitcoin ETFs is around $106 billion. The present market atmosphere shows that investors are likely assessing their options because of the market situation. Out of all the ETFs in the Bitcoin ecosystem, only Fidelity’s FBTC showed resilience, posting gains in a week filled with losses.
Ethereum ETFs register surge in the face of Bitcoin ETFs drop
Ethereum ETF’s performance was in stark contrast to that of Bitcoin ETFs, registering inflows of about $349 million between December 23 and 27. BlackRock’s ETHA took the lead, propelling the market to the top with a weekly inflow of $182 million. Fidelity’s FETH also recorded good numbers, finishing the week with inflows of $160 million.
The upward trend is a testament to investors’ confidence in the Ethereum market ecosystem. Ethereum ETFs have been steady, maintaining good inflow numbers over the last few weeks. The ETFs are also showing out in enticing both institutional and individual market players.
According to trading expert Eugene Ng, there is a mountain of interest in Ethereum ETFs, it is not something new. Eugene feels that it is mainly due to how welcoming the ecosystem is, noting that it provides investors with the flexibility that they want. Eugene also posits that Ethereum would surprise everybody and snatch the crown of the best-performing asset in Q1.
Ethereum could rally in Q1 2025
Ethereum has the potential to become the best-performing asset in Q1 2025, with experts tipping it for the crown. However, analysts have also fingered the macro climate within the market as a limiting factor that could slow down the speed of the crypto industry. One trigger for Ethereum would be through ETFs, where it has seen inflows for 20 consecutive days to record $2.5 billion.
Crypto hedge fund ZX Capital’s chief investment officer CK Cheng has also said inflows could increase in Q1 2025. “ We expect the inflows will dramatically increase in 2025 when the new Trump administration issues more crypto-friendly rules and regulations to further boost the digital asset class in general,” he said.
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