The cryptocurrency market is dynamic and full of surprises, as shown by the contrasting trends in Ethereum and Bitcoin ETFs. Significant withdrawals from Ethereum Spot ETFs, totaling $98.3 million over the past four days. In contrast, Bitcoin ETFs have seen noteworthy inflows, reflecting differing market conditions and investor sentiments.

Ethereum ETFs Outflows and Inflows

According to SosoValue data, the Grayscale Ethereum Trust (ETHE) was the sole fund that witnessed outflows, totaling $210.04 million.

Conversely, BlackRock’s ETHA saw the highest inflows, bringing in $58.17 million. Fidelity’s FETH followed with $24.82 million, VanEck’s ETHV with $10.91 million, and Bitwise’s ETHW with $10.45 million.

Additionally, the Grayscale Ethereum Mini Trust received $4.9 million in inflows, and Franklin’s EZET brought in $2.52 million. On Monday, the other two spot Ether ETFs, owned by 21Shares and Invesco, did not receive any inflows.

Related: Canada Hits Binance with $4.4M Fine for Anti-Money Laundering Breaches

Bitcoin ETFs Inflows and Trading Volume Surge

On the other hand, Monday saw net inflows of $124.13 million into the top 11 Bitcoin ETFs in the United States. With net inflows of $205.62 million, BlackRock’s IBIT stood out as the only fund to have net inflows on that particular day.

Bitwise’s BITB witnessed outflows of $21.3 million, Grayscale’s GBTC saw outflows of $54.29 million, and Fidelity’s FBTC saw outflows of $5.89 million.

After reaching $2.04 billion on Friday and $1.51 billion on Thursday, the overall trading volume for spot Bitcoin ETFs surged to $2.68 billion on Monday.

Also read: Nigeria Receives IMF Support for Crypto Adoption as SEC Tightens Regulations


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