Ethereum · Bitcoin · U.S. · SEC · Bitcoinist
Ethereum ETFs Attract $82 million In Inflows While Bitcoin Funds Bleed
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Data shows Bitcoin spot exchange-traded funds (ETFs) have continued to see outflows recently while Ethereum funds have diverged with inflows.
Key facts
- On June 4th, ETH spot ETFs enjoyed net inflows of $19 million, breaking the streak of net outflows
- For Bitcoin and Ethereum, these funds launched in the United States back in January and July 2024, respectively
- Ethereum has bounced back a bit since its low, as its price is now trading around $1,670
- From the chart, it’s visible that Bitcoin also saw some inflows on June 4th, but at $3 million, the value of the netflow was as good as neutral
Summary
According to data from SoSoValue, Bitcoin and Ethereum spot ETFs have diverged in trend recently. For Bitcoin and Ethereum, these funds launched in the United States back in January and July 2024, respectively. The convenience of spot ETFs, along with the fact that they are regulated by the Securities and Exchange Commission (SEC), has made them a popular mode of investment for BTC and ETH among traditional entities like institutions. Lately, the sector has been facing bearish winds, so outflows have been dominating the spot ETFs.