The U.S. Bitcoin Spot ETF has seen a net inflow of funds for 4 consecutive days, while the Ethereum ETF failed to maintain the net inflow momentum from the previous day.
On April 24, according to SoSoValue data, the Bitcoin spot ETF recorded a net inflow of $917 million yesterday, marking 4 consecutive days of net inflows.
Among them, BlackRock's Bitcoin ETF IBIT ranked first in net inflow with $643 million, with a total cumulative net inflow of $40.63 billion for IBIT;
Following closely are Ark & 21Shares Bitcoin ETF ARKB and Fidelity Bitcoin ETF FBTC, which recorded net inflows of nearly $130 million and $124 million respectively.
Additionally, GrayScale Bitcoin Mini Trust ETF BTC and VanEck Bitcoin ETF HODL had net inflows of $29.84 million and $5.28 million respectively.
It is worth noting that Bitwise's Bitcoin ETF BITB is the only ETF that experienced a net outflow yesterday, with a net outflow of $15.25 million.
As of now, the total net asset value of Bitcoin spot ETFs is $106.39 billion, accounting for 5.72% of the BTC market capitalization, with a total cumulative net inflow of $37.61 billion.
On the same day, the Ethereum spot ETF failed to continue the net inflow momentum from the previous day, with a net outflow of $23.88 million yesterday.
Among them, BlackRock's Ethereum ETF ETHA topped the net outflow list with $30.28 million, with a total cumulative net inflow of $4.02 billion; while GrayScale Mini Trust ETF ETH had a contrarian net inflow of $6.4 million, with a total cumulative net inflow of $577 million.
Currently, the total net asset value of ETH spot ETFs is $5.93 billion, accounting for 2.74% of the total Ethereum market capitalization, with a total cumulative net inflow of $2.23 billion.
In summary, this trend of divergence may reflect investors' understanding of the positioning of different crypto assets. It indirectly reflects the trend of Bitcoin being viewed as a "digital gold" store of value, while Ethereum faces dual challenges of Layer 2 competition and regulatory uncertainty.
At the same time, as the management scale of Bitcoin ETFs surpasses $100 billion, its dominant role over spot prices is becoming increasingly pronounced.