Ethereum Spot ETFs Surpass Bitcoin with Consecutive Weeks of Inflows

Ethereum spot ETFs have seen significant inflows in recent weeks, with $71.17 million worth of ETH entering the market over the past seven days. In contrast, Bitcoin spot ETFs experienced outflows, shedding $200.23 million in value.

BlackRock's IBIT lost 3,511 BTC last week, exceeding the category's net decline of 3,170 BTC. Grayscale's Bitcoin products shed another 10 BTC, and Bitwise's BITB lost 27 BTC.

On the Ethereum side, BlackRock's ETHA accounted for nearly all of the week's inflows, with 37,424 of the total 37,959 ETH entering the market through this fund. Grayscale's ETH products added 5,515 ETH, while Fidelity's FETH posted a 4,980 ETH outflow.

Bitcoin trades near $63,900, up approximately 4% for the week despite the BTC outflows. The AUM gap between Bitcoin and Ethereum ETFs is wide, with Bitcoin holding $76.22 billion in assets compared to Ethereum's $9.72 billion.