Bitcoin ETFs are on a winning streak, recording their 9th consecutive day of inflows, adding $90 million to the market. BlackRock’s iShares Bitcoin Trust (IBIT) led the charge, securing $107.89 million in new investments.
Bitcoin ETFs Continue Strong Inflows
However, Bitwise’s BITB ETF saw an $18.32 million outflow, slightly reducing the day’s net gain. Meanwhile, the remaining ten Bitcoin ETFs saw no movement. Total trading volume surged to $1.87 billion, reflecting strong investor interest. Despite the inflows, total net assets for Bitcoin ETFs dropped by $1.78 billion, closing at $97.22 billion.
Ether ETFs Continue to Struggle
Unlike Bitcoin ETFs, Ether ETFs faced another day of outflows, losing $5.89 million. Grayscale’s ETH ETF led the decline, with a $4.90 million outflow, while Fidelity’s FETH ETF recorded a smaller withdrawal of $996,090.
With this downturn, total net assets for Ether ETFs fell below $7 billion, closing at $6.84 billion. The continued outflows suggest a shift in investor sentiment, with most funds flowing toward Bitcoin.
Investor Sentiment Favors Bitcoin
The growing gap between Bitcoin and Ether ETF performance highlights a clear investor preference for Bitcoin. While Bitcoin ETFs continue to attract strong inflows, Ether ETFs struggle to retain capital.
As institutional investors lean toward Bitcoin, the market will be watching for signs of recovery in the Ether ETF space.