Bitcoin ETFs Extend Inflow Streak While Ethereum Funds Face Outflows

US Bitcoin (BTC) spot exchange-traded funds (ETFs) extended their streak of positive inflows to three consecutive weeks, though the pace of investments slowed significantly. According to Wu Blockchain, these ETFs attracted $241 million in net inflows from May 28 to June 2, but SoSoValue data showed a smaller figure of $83 million. The inflows were far lower than the previous week's record of $2.39 billion.

The week began with steady inflows of $31.07 million and $66.19 million, but Wednesday saw a notable outflow of $148.69 million. Despite this, flows rebounded on Thursday and Friday, ending the week positively. Over the past four weeks, Bitcoin spot ETF flows have been volatile, shifting from a $462.73 million outflow to a $6.21 million inflow, then a $2.39 billion inflow, and now this week's net inflow. Year-to-date cumulative flows have turned positive, recovering from May's $2.43 billion and June's $4.5 billion in outflows.

In contrast, Ethereum (ETH) spot ETFs faced net outflows for the second time in three weeks, totaling $138 million, with SoSoValue reporting a slightly lower figure of $114 million. Ethereum ETFs started the week with $17.1 million in inflows but saw outflows for the next four days, culminating in a total outflow of $138 million. This trend raises concerns, though the previous week saw nearly $690 million in inflows. Cumulative net inflows have since decreased modestly from a peak of $13.94 billion to $13.8 billion.

The diverging flows between Bitcoin and Ethereum ETFs indicate that institutional investors view these assets differently. Analysts suggest that Bitcoin's role as an inflation hedge and digital gold remains strong, while Ethereum's performance is influenced by factors like network profitability and staking demand.