U.S.-based Bitcoin ETFs ended a 10-day streak of continuous inflows on Friday as Fidelity's FBTC fund saw outflows. At the same time, Ethereum ETFs saw their first positive influx in weeks.
Bitcoin ETF Faces a Tough Quarter
Bitcoin ETFs accumulated over $1 billion over ten days, a figure deemed modest by Presto Research analyst Min Jung. Bitcoin has been down 1.93% in the past 24 hours, trading at $82,389, and down 11.67% since the start of 2025.
Ethereum ETFs See First Positive Inflow
After 17 days of outflows, U.S.-based spot Ethereum ETFs finally saw a positive inflow. Grayscale's ETHE fund recorded a $4.68 million inflow on Friday, while other Ethereum funds remained neutral.
Ethereum Gears Up for Pectra Upgrade
Ethereum is preparing for the Pectra upgrade, expected in late April or early May. The upgrade launched successfully on the Hoodi testnet after issues. Despite Ethereum's price being $1,822.78, the upgrade might positively impact the market.
While Bitcoin ETFs face setbacks, hope remains for the crypto market's recovery. Meanwhile, Ethereum shows positive dynamics amid the anticipated Pectra upgrade.
