Spot ETF News: Bitcoin ETFs Surge While Ethereum ETFs Struggle

Spot ETF Performance: What to Expect from Bitcoin and Ethereum ETFs?

As the cryptocurrency market continues to grow, investors are keeping a close eye on Bitcoin and Ethereum ETFs. With varying performances between the two, the battle between Bitcoin ETFs and Ethereum ETFs has become a topic of significant interest. Spot Bitcoin ETF recorded net inflows in a week whereas Ethereum ETFs documented heavy outflow.  

Bitcoin Spot ETF: Strong Inflows Despite Some Volatility

Between January 6 and January 10, Bitcoin spot ETFs experienced a net inflow of $307 million, marking a strong performance despite some fluctuations. The Spot Bitcoin ETF segment saw Blackrock’s ETF IBIT leading with a substantial weekly net inflow of $498 million, signaling strong investor confidence. However, Ark & 21 Shares ETF ARKB faced a weekly net outflow of $202 million, showing that not all Bitcoin ETFs are performing equally.

Source: SoSoValue

As of January 10, the Bitcoin Spot ETF had a cumulative total net inflow of $36.22 billion, representing 5.74% of Bitcoin’s market cap. The total net assets of Bitcoin ETFs stood at $107.64 billion, and the total value traded reached a remarkable $3.26 billion. Grayscale’s GBTC recorded a net inflow of $13.51 million, while Fidelity FBTC saw $16.57 million in inflows. However, BlackRock saw outflows of over $183.56 million, indicating some volatility within the segment.

At the time of writing, the price of Bitcoin was hovering around $93,414.69, with a market cap of $1.85 trillion and $29.97 billion in 24-hour trading volume.

Ethereum Spot ETF: A Tough Week with Mixed Results

Ethereum spot ETFs had a more challenging week, with a net outflow of $186 million between January 6 and January 10. While BlackRock ETF ETHA recorded a positive weekly net inflow of $124 million, other ETFs like Fidelity ETF FETH faced significant outflows. FETH saw a net outflow of $276 million, highlighting the challenging environment for Ethereum ETFs at the moment.

Source: SoSoValue

As of January 10, Ethereum’s cumulative total net inflow stood at $2.45 billion, making up 2.96% of Ethereum's market cap. Despite the tough week, Ethereum ETFs still had a total net asset value of $11.61 billion and a total value traded of $370.69 million. Fidelity ETF FETH recorded a net outflow of $65.43 million, while Bitwise ETF ETHW saw a smaller outflow of $3.05 million.

On January 10, the price of Ethereum was $3,189.99, reflecting a 24-hour drop of 2.41%. Ethereum’s market cap was $384.38 billion, with $16.54 billion in 24-hour volume.

Spot ETF: Key Differences in Bitcoin vs Ethereum ETF Performance

When comparing the two, Spot Ethereum ETF and Spot Bitcoin ETF differ in their performances, with Bitcoin ETFs consistently showing higher inflows. The Spot Ethereum ETF surge has yet to match the level seen with Bitcoin, with Ethereum ETFs facing more volatility in the short term. However, Ethereum ETF list shows the potential for growth, and continued interest in Ethereum is reflected in Spot Ethereum ETF inflows and outflows.