Recent analysis highlights shifts in the investment flows to Bitcoin and Ethereum ETFs. Despite market corrections, interest in Bitcoin ETFs remains high while Ethereum ETFs face outflows.
Consistent Demand for Bitcoin ETFs
From June 16 to 20, Bitcoin ETFs attracted net inflows of approximately $1.02–$1.1 billion, demonstrating sustained institutional interest amidst market volatility. BlackRock's ETFs, including the IBIT Bitcoin ETF, lead the pack with inflows of $46.9 million.
Contrasting Trends in Fidelity ETFs
Fidelity's ETFs exhibit contrasting trends. While its Bitcoin ETF experienced outflows of $40.6 million, the Ethereum ETF saw the largest weekly outflow of 6,995 ETH. This highlights the significant role of U.S. investors in global flows, contributing $1.25 billion.
Caution in Ethereum ETFs
U.S. Ethereum ETFs ended a 32-day inflow streak with outflows of $11.3 million, signaling a shift in investor sentiment. In certain regions like Hong Kong, decreasing risk appetite was evident with outflows of $32.6 million.
The ETF market illustrates that institutional investors continue to show interest in Bitcoin despite caution regarding Ethereum. This indicates complex dynamics in investment strategies and asset choice.
