Bitcoin ETFs Surge, While Ethereum Experiences Outflows

Recent data reveals a significant divide in the ETF market, with Bitcoin ETFs experiencing robust inflows and Ethereum ETFs struggling with net withdrawals. According to Lookonchain’s analysis, Bitcoin ETFs saw an influx of +197 BTC worth $16.63 million, while Ethereum ETFs witnessed massive outflows totaling -5,602 ETH, equivalent to -$9.3 million in value over a week. Invesco Galaxy Bitcoin ETF (BTCO) stood out as the leader, with substantial inflows of +353 BTC, pushing its total holdings above $439.87 million. Franklin Bitcoin ETF (EZBC), ARK 21Shares Bitcoin ETF (ARKB), and Valkyrie Bitcoin Fund (BRRR) followed suit with respective positive net inflows, while Grayscale’s GBTC experienced notable outflows, totaling -569 BTC in a week. This trend underscores the continued attraction of Bitcoin ETFs as investors seek stable investment options.