Ethereum ETFs Surge Amid Bitcoin ETF Outflows

Weekly Spot ETFs: Bitcoin ETF: -$582.10M. Ethereum ETF: +$58.9M. Trend: The current week represents a significant change from previous weeks, with a notable outflow in Bitcoin ETFs and a moderate inflow in Ethereum ETFs. The volume of funds has increased compared to previous weeks, with a total inflow of $450M, an increase of 53.42%. This increase indicates a recovery phase for Ethereum ETFs after a period of stabilization, while Bitcoin ETFs are experiencing a substantial outflow, suggesting a shift in investor sentiment. This increase in Ethereum ETF inflows could signal growing investor confidence in Ethereum's market potential. Biggest Gainer: IBIT with a gain of $45M. IBIT is issued by BlackRock and is one of the leading Bitcoin ETFs, providing investors with exposure to Bitcoin's price movements. Biggest Loser: FBTC with a loss of $5M. FBTC is the Fidelity Wise Origin Bitcoin Fund, issued by Fidelity, offering investors a way to gain exposure to Bitcoin through a traditional investment vehicle. Day with the Highest Inflow: Monday with an amount of $400M. On this day, BITB had the highest gain with $50M, while ARKB had the highest loss with $2M. BITB is issued by Bitwise Asset Management, Inc., and provides exposure to Bitcoin. ARKB is issued by ARK Investment Management LP, focusing on innovative and disruptive technologies, including Bitcoin. Day with the Highest Outflow: Friday with an amount of $80M. On this day, EZBC had the highest gain with $20M, while BTCW had the highest loss with $8M. EZBC is the Franklin Bitcoin ETF, issued by Franklin Templeton Investments, offering exposure to Bitcoin. BTCW is another Bitcoin ETF, providing investors with a way to invest in Bitcoin through a traditional fund structure.