Latest, take a look! Bitcoin spot ETF saw a weekly outflow of $388 million, while Ethereum ETF saw an inflow of $349 million
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From December 23 to 27, Bitcoin spot ETF experienced a weekly outflow of nearly $388 million. On the other hand, Ethereum achieved a net inflow of $349 million during the same period.
Despite the significant decline of the Bitcoin spot ETF, Fidelity's FBTC performed remarkably, with weekly inflows reaching $183 million. The performance of Bitcoin ETFs is mixed, making it difficult to assess investor sentiment during the Christmas period.
After the sell-off, the net asset value of the Bitcoin spot ETF stands at $106.683 billion. Compared to previous inflow periods, the latest outflows suggest that investors might be re-evaluating their holdings due to market uncertainty. Only a few ETFs, such as Fidelity's FBTC, demonstrated resilience, achieving growth throughout the period.
As investors turn to the bright prospects of the ETH ecosystem, the number of Ethereum ETFs has surged.
While Bitcoin ETFs faced severe capital outflows, Ethereum spot ETFs exhibited the opposite trend, achieving inflows of nearly $349 million from December 23 to 27.
BlackRock's ETHA is leading this upward trend, with weekly inflows of $182 million. Fidelity's FETH ranks second, with weekly inflows of $160 million.
This upward trend highlights investors' curiosity about ETH-based digital assets. Ethereum ETFs have remained stable and active for several weeks, maintaining positive inflows. Compared to Bitcoin ETFs, Ethereum ETFs have shown absolute advantages in attracting both institutional and individual investors.
Some top traders, such as Eugene Ng, clarified that institutional interest in ETH is not a new concept. Eugene believes that due to its popular ecosystem, ETH's performance will surpass BTC. This trend will be sustained due to increased flexibility. Eugene also predicts that ETH will be one of the best-performing assets in the first quarter of 2025.
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