Bitcoin ETFs were on the agenda for the fifth day in a row with positive net inflows, with an inflow of over $39 million recorded. On the other hand, Ethereum ETFs faced outflows for the fifth day. With the influence of giants such as Grayscale, Fidelity and Bitwise, Bitcoin ETFs have become the favorite of investors.

Bitcoin ETFs Gain Momentum

Bitcoin ETFs seem to have the wind behind them in the cryptocurrency world with the momentum they have gained in the last five days. The net inflow of $39.42 million on Wednesday is an indication that Bitcoin is renewing confidence in investors. Grayscale’s mini Bitcoin trust fund formed a significant part of this flow with $14.2 million.

Fidelity and Bitwise also took the stage, each reporting inflows of around $10 million. BlackRock’s IBIT ETF maintains its leadership with $8.35 million in new investment. All of these developments solidify Bitcoin’s place in the ETF world.

There Are Exits in Ethereum

Unlike Bitcoin, Ethereum ETFs have not achieved the same success. As of Wednesday, $17.97 million in outflows were recorded from Ethereum ETFs. Grayscale’s ETHE fund in particular had the largest outflow with $31.14 million. However, Fidelity’s FETH ETF showed that confidence in Ethereum has not been completely shaken with a net inflow of $7.93 million.

Franklin Templeton’s Ethereum fund is also trying to resist this decline with a $1 million inflow. Although Ethereum’s combative stance has been overshadowed by Bitcoin, it is still seen as an opportunity for investors.

Latest Situation in Bitcoin and Ethereum Prices

Bitcoin, the flagship of cryptocurrencies, rose by 2.33% in the last 24 hours to $60,735, while Ethereum rose by 1.09% to $2,621. The total trading volume of Bitcoin ETFs reached $1.42 billion on Wednesday, outperforming the previous day. Ethereum ETFs were relatively dull with a trading volume of $201 million.

While Bitcoin ETFs have become a shining star in the eyes of investors, Ethereum ETFs are going through a tough test. However, it is important to remember that the balances can change at any time in the cryptocurrency world.