Ether ETFs Experience Zero Flows Again as Bitcoin ETFs Surge

Ether exchange-traded funds (ETFs) in the U.S. have recorded zero flows for the second time since their launch in July, while Bitcoin ETFs are experiencing significant inflows. This stark contrast highlights the differing market dynamics between these two leading cryptocurrencies.

Key Takeaways

• The nine ether ETFs in the U.S. saw zero flows on Monday, marking the second occurrence of this since their listing.

• Bitcoin ETFs have accumulated nearly $18.75 billion in inflows since their introduction in January.

• Ether ETFs are currently down $500 million since their launch in July.

Ether ETFs See Zero Flows

On October 8, 2024, the nine ether ETFs in the U.S. registered zero flows in either direction, a situation that has only occurred once before on August 30. This lack of movement indicates a stagnation in investor interest in ether products, contrasting sharply with the performance of Bitcoin ETFs.

Bitcoin ETFs Surge

In stark contrast, Bitcoin ETFs have seen a resurgence in investor interest, with net inflows of $235.2 million on the same day. This marks the highest inflow for Bitcoin ETFs since September 27. Notably, Fidelity's Bitcoin ETF (FBTC) led the charge with $103.7 million in inflows, while BlackRock's fund (IBIT) followed closely with $97.9 million.

Market Dynamics

The contrasting fortunes of Bitcoin and ether ETFs underscore the current market dynamics:

1. Bitcoin ETFs:

2. Ether ETFs:

Conclusion

The current landscape for cryptocurrency ETFs reveals a significant divergence in investor sentiment. While Bitcoin continues to attract substantial inflows, ether ETFs are struggling to gain traction. This trend may reflect broader market perceptions and investor confidence in the respective cryptocurrencies. As the market evolves, it will be crucial to monitor how these trends develop in the coming weeks and months.

Sources

• Ether ETFs See Zero Flows for Second Time as Bitcoin ETFs Post Biggest Inflows in 6 Days, CoinDesk.

• Por segunda vez, los ETF de ether no reciben flujos, mientras que los ETF de bitcoin registran las mayores entradas en 6 días, CoinDesk.

• Ether ETF бачать нульові потоки вдруге, оскільки Bitcoin ETF отримують найбільший приплив за 6 днів, CoinDesk.

• ETFs de Ether veem fluxos zero pela segunda vez, enquanto ETFs de Bitcoin registram maiores entradas em 6 dias, CoinDesk.

• ETF на Ether второй раз демонстрируют нулевой приток, в то время как ETF на Bitcoin демонстрируют самый большой приток за 6 дней, CoinDesk.