The US Bitcoin Spot ETF has seen a net inflow of funds for 5 consecutive days, while the Ethereum Spot ETF has experienced a net outflow of funds for 12 consecutive days.
On March 21, according to SoSoValue data, the Bitcoin Spot ETF recorded a total net inflow of nearly $166 million yesterday, marking 5 consecutive days of net inflows.
Among them, the ProShares Bitcoin ETF IBIT had the highest net inflow of $172 million yesterday, with a cumulative net inflow of $39.67 billion. The second highest was the VanEck ETF HODL, with a net inflow of $11.9 million for the day, bringing its cumulative net inflow to $844 million.
On the other hand, the Bitwise Bitcoin ETF BITB had the largest net outflow, with a net outflow of $11.9 million yesterday, while its cumulative net inflow remains $844 million.
As of now, the total net asset value of Bitcoin Spot ETFs is $94.47 billion, accounting for 5.63% of Bitcoin's market value, with a historical cumulative net inflow of $35.97 billion.
On the same day, the Ethereum Spot ETF had a total net outflow of $12.41 million, continuing a trend of 12 days of net outflows.
Among them, the BlackRock Ethereum ETF ETHA had the largest net outflow of $8.96 million yesterday, with a cumulative net inflow of $4.09 billion. The second was the Fidelity Ethereum ETF FETH, with a net outflow of $3.45 million for the day, and a cumulative net inflow of $1.41 billion.
Currently, the total net asset value of Ethereum Spot ETFs is $6.789 billion, accounting for 2.84% of Ethereum's market value, with a cumulative total net inflow of $2.44 billion.
Conclusion:
The continuous 5-day net inflow of Bitcoin Spot ETFs reflects strong market confidence in Bitcoin, especially with the impressive performance of BlackRock's IBIT. Conversely, the 12-day net outflow of Ethereum Spot ETFs indicates a lack of short-term confidence among investors in Ethereum.
This divergence in fund flows raises the question: does it mean that Bitcoin is solidifying its position as “digital gold,” while Ethereum faces greater market challenges? Whether this trend will continue in the future remains to be seen and is worth our continued attention.
What are your thoughts on the divergence in fund flows between Bitcoin and Ethereum ETFs? Can Bitcoin's strength be sustained? How should Ethereum turn the situation around? Leave your comments in the discussion section!
