Bitcoin vs Ethereum: Spot ETF Weekly Performance Review Highlight

Bitcoin vs Ethereum Spot ETF: A Comparative Weekly Performance Review

The introduction of Spot ETFs for cryptocurrencies has revolutionized digital asset investments. Both Spot Ethereum ETFs and Spot Bitcoin ETFs have experienced significant traction, reflecting investors' shifting dynamics. This past week (November 25 to November 29), the performance metrics of these ETFs highlighted contrasting trends, with Ethereum ETFs gaining momentum and Bitcoin ETFs seeing a slight pullback.

Spot Ethereum ETF Inflows Surge to New Highs

Spot Ethereum ETFs experienced an impressive weekly net inflow of $467 million, underscoring heightened interest from institutional and retail investors. The BlackRock Ethereum ETF (ETHA) alone recorded a substantial weekly inflow of $300 million, followed by Fidelity Ethereum ETF (FETH) with $120 million. Wu Blockchain took to X (formerly Twitter) to share the weekly performance review.  

Source: X

Key performance indicators for the week include:

• Daily Total Net Inflow: $332.92 million (as of Nov 29)

• Cumulative Total Net Inflow: $573.32 million

• Total Value Traded: $313.61 million

• Total Net Assets: $11.04 billion (2.55% of Ethereum's market cap)

The increasing demand for the best Ethereum ETFs like ETHA and FETH reflects growing confidence in Ethereum as an investment asset. At the time of writing, the spot Ethereum ETF price was bolstered by Ethereum trading at $3,675.29, despite a 0.29% daily drop. Ethereum’s market cap stood at $442.76 billion with a 24-hour volume of $30.85 billion.

The Spot Ethereum ETF surge underscores Ethereum's appeal amid robust blockchain developments and adoption, as highlighted by spot ETH ETF news.

Spot Bitcoin ETF Sees First Weekly Outflow in Months

In contrast, Spot Bitcoin ETFs experienced their first weekly net outflow of $138 million after seven consecutive weeks of inflows. However, the BlackRock Bitcoin ETF (IBIT) remained resilient, achieving a weekly net inflow of $405 million, mitigating overall losses.

Source: X

Key performance indicators for Bitcoin ETFs include:

• Daily Total Net Inflow: $320.01 million (as of Nov 29)

• Cumulative Total Net Inflow: $30.70 billion

• Total Value Traded: $2.51 billion

• Total Net Assets: $105.28 billion (5.47% of Bitcoin's market cap)

Despite the outflows, Spot Bitcoin ETF news reflects Bitcoin’s enduring dominance in the cryptocurrency market. Bitcoin traded at $96,433.84 with a marginal 0.01% drop, supported by a market cap of $1.91 trillion and a 24-hour volume of $42.25 billion.

Conclusion

The contrasting performances of spot Ether ETFs and spot Bitcoin ETFs last week highlight varying investor sentiments. While ETF inflows for Ethereum surged, Bitcoin showed resilience amid its first net outflow in weeks. These trends emphasize the evolving dynamics in the cryptocurrency ETF market, as both spot ETH ETF news and spot Bitcoin ETF news continue to make waves among investors.