Bitcoin and Ethereum ETF buying diverged

Yesterday, the four Bitcoin ETFs with strong indicative effects, FBTC+ARKB+BITB+BTC, had a net inflow of $108 million, which was a further increase compared to the net inflow of $38.4 million on the previous trading day. Bitcoin ETF buying showed obvious signs of recovery.

The situation of Ethereum ETF is not optimistic. Yesterday, the three Ethereum ETFs with strong indicative effects, FETH+ETHW+ETH, had a net outflow of $56.1 million, which was significantly worse than the net inflow of $41.6 million on the previous trading day.

In line with ETF buying, the trend of $ETH in the past two days has also been significantly weaker than that of $BTC. In the short term, the trend of $ETH does not seem optimistic.