The U.S. Ethereum spot ETF market continues to face investor skepticism, recording its third consecutive day of outflows. Recent data reveals a net outflow of $79.4 million from Ethereum-based funds, highlighting a growing divergence between ETH and Bitcoin investment products.
Ethereum ETF Outflow Breakdown
The outflow trend affected major Ethereum ETF providers, with BlackRock’s ETHA experiencing a net withdrawal of $26.5 million. Fidelity’s FETH recorded an even larger outflow of $33.3 million, indicating sustained selling pressure across the Ethereum ETF landscape.
Bitcoin ETFs Show Strong Inflows
In stark contrast, Bitcoin spot ETFs demonstrated robust investor confidence with a net inflow of $241 million. BlackRock’s IBIT ETF led the positive momentum, attracting $128.9 million in new investments alone. This substantial inflow suggests continued institutional preference for Bitcoin over Ethereum in the current market environment.
The divergent flows between Bitcoin and Ethereum ETFs highlight shifting investor sentiment as market participants appear to be favoring Bitcoin’s established position over Ethereum’s potential near-term prospects.