ETF Weekly Report: Bitcoin Spot ETF Experiences First Net Outflow After 7 Consecutive Weeks of Inflows; Ethereum ETF Continues 12 Weeks of Net Inflows
According to SoSoValue data, the Bitcoin spot ETF saw a net outflow of $64,300 last week, marking its first week of outflows after seven consecutive weeks of inflows.
Among them, the top three single-week net outflows were: ARKB from Ark & 21shares, FBTC from Fidelity, and GBTC from Grayscale, which recorded nearly $444 million, $354 million, and nearly $125 million in single-week net outflows, respectively.
It is noteworthy that BlackRock's IBIT had a standout single-week net outflow of $355 million, currently bringing IBIT's total net inflow to $57.6 billion.
As of now, the total net asset value of Bitcoin spot ETFs is $146.48 billion, accounting for 6.46% of Bitcoin's total market cap, with a cumulative total net inflow of $54.18 billion.
In the same week, the Ethereum spot ETF had a net inflow of $15.4 million, marking its 12 consecutive weeks of net inflows.
Among them, ETHA from BlackRock was the only ETF with net inflows last week, while the other eight Ethereum ETFs experienced varying degrees of net outflows.
At the same time, ETHA had a net inflow of $394 million last week, bringing its total net inflow to $9.74 billion, also setting a record for its single ETF with 12 consecutive weeks of net inflows.
Looking at last week's cumulative outflow amounts, ETFs in the tens of millions can be observed: Fidelity's FETH, Bitwise's ETHW, Grayscale's ETHE, and its mini trust ETF ETH recorded net outflows of $72.05 million, $40.3 million, $53.8 million, and $47.68 million, respectively.
As of now, the total net asset value of Ethereum spot ETFs is $20.11 billion, accounting for 4.70% of Ethereum's total market cap, with a cumulative total net inflow of $9.49 billion.
From the above data, two key trends can be observed. Firstly, BlackRock's IBIT and ETHA are responding to the market impact brought by last week's outflows;
Secondly, part of the amount that flowed out of the Bitcoin spot ETF last week has already shifted towards Ethereum ETFs, seemingly indicating that market investment interest is changing direction.
