Cryptocurrency exchange-traded funds (ETFs) experienced notable changes over the past week, as Bitcoin spot funds recorded their first weekly net outflow after seven consecutive weeks of positive inflows, while Ethereum spot funds continued their streak of positive inflows for the twelfth consecutive week.

According to SoSoValue statistics, the net outflows from Bitcoin spot funds amounted to about $64,300, marking the first weekly decline in over a month and a half. The top three funds contributing to these negative outflows were:

ARKB from Ark and 21Shares,

FBTC owned by Fidelity,

GBTC from Grayscale,

with weekly losses of approximately $444 million, $354 million, and $125 million, respectively.

Notably, BlackRock's IBIT fund alone recorded outflows exceeding $355 million, despite its cumulative net inflows remaining high at $57.6 billion.

As of the date of the report, the net asset value managed in Bitcoin spot funds is estimated at approximately $146.48 billion, representing about 6.46% of Bitcoin's total market capitalization, while the cumulative inflows to these funds reached $54.18 billion.

In contrast, the performance of Ethereum spot funds continued on a positive trajectory, recording net inflows of $154 million last week, maintaining its upward trend for the twelfth consecutive week.

The ETHA fund managed by BlackRock distinguished itself as the only fund that attracted inflows among all nine Ethereum funds, recording $394 million in the week, raising its total cumulative inflows to $9.74 billion.

Conversely, other funds like FETH (Fidelity), ETHW (Bitwise), ETHE (Grayscale), and the mini fund ETH experienced outflows of $72.05 million, $40.3 million, $53.8 million, and $47.68 million, respectively.

The total assets managed in Ethereum spot funds are currently estimated at $20.11 billion, equivalent to 4.7% of Ethereum's market capitalization, with cumulative inflows of $9.49 billion.

Market Indicators:

The data reflects two clear trends in market directions:

1. BlackRock's funds, specifically IBIT and ETHA, continue to play a key role in directing capital flow in the cryptocurrency fund sector.

2. The shift of some inflows from Bitcoin funds to Ethereum funds indicates a relative shift in investor interests, possibly due to changes in expectations or institutional and technical factors related to both assets.

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