Spot Ethereum Exchange-Traded Funds (ETF) have logged two straight weeks of inflows amid cooling investor sentiment after months of strong inflows.
According to Data from sosovalue, ether (Eth) products collectively posted $243.9 million in net redemptions for the week ending Friday, following last week’s $311 million inflow.
The latest data brings the combined inflows to all ETH ETFs to $14.35 billion, with total net assets standing at $26.39 billion, representing nearly 5.55% of Ethereum’s market cap.
As of Friday, funds were also $93.6 million in outflows. BlackRock’s ETHA ETF led the retreat with $100.99 million in inflows, while Grayscale’s Ethe and Ethe and ETHW posted minor inflows.
Related: Bitcoin ETF Apathy forces a major level of support in Bitcoin
Spot Bitcoin ETFs See Renewed Strength
Meanwhile, spot bitcoin (BTC) ETFs saw The energy has changed this weekrecorded $446 million in net inflows as institutional investors returned to the market, according to Sosovalue data.
On Friday, the products added another $90.6 million, bringing cumulative inflows to $61.98 billion and total net assets to $149.96 billion, representing 6.78% of Bitcoin’s market cap.
BlackRock’s Ishares Bitcoin Trust (IBIT) led the inflows with $32.68 million, followed by Fidelity’s FBTC, which added $57.92 million. Both funds remain dominant, with Ibit holding $89.17 billion in assets and FBTC $22.84 billion.
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Bitcoin ETF inflows surge as ether demand cools
Vincent Liu, chief investment officer at Kronos Research, told Cointelegraph that the current flow of ETFs suggests a “strong” cycle in Bitcoin as investors double down on “digital gold” and store narrative.
According to Liu, renewed confidence in Bitcoin reflects broader market sentiment favoring assets seen as resilient amid global uncertainty and expectations of an upcoming interest rate cut.
Meanwhile.
Ahead next week, Liu expects BTC inflows to remain strong as traders position themselves for a potential macro tailwind from monetary easing. “Ethereum and other ALTs can recover only if network activity picks up or a new catalyst appears,” he added.
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