Bitcoin vs Ethereum ETFs: Analyzing Recent Net Outflow & Market Impact
As of January 13, Bitcoin vs Ethereum ETFs have seen notable fluctuations, with significant net outflows impacting the market. Spot ETFs, including the Spot Bitcoin ETF and Spot Ethereum ETF, have faced challenges in recent days, particularly between January 6 and January 10.Â
Ethereum ETFs Struggle with Outflows
On January 13, the Spot Ethereum ETF market recorded a total net outflow of $39.43 million, continuing a negative trend over the past four days. The Ethereum ETF BlackRock (ETHA), however, managed to secure a positive result, with a Spot Ethereum ETF inflow of $12.89 million. This surge in inflow helped cushion some of the broader market losses. In contrast, other prominent Ethereum ETFs experienced significant outflows, including Grayscale ETF (ETHE), with $14.49 million in outflows, and Grayscale (ETH), which saw $37.84 million in outflows.
Despite the Spot Ethereum ETF‘s recent challenges, the cumulative Total Net Inflow stands at $2.41 billion, with the Total Net Assets for Ethereum ETFs reaching $10.87 billion—2.92% of Ethereum’s market cap as of January 13. Ethereum’s market price was recorded at $3,185.40, following an intraday surge of 0.44%. However, the market sentiment for Spot Ethereum ETF has been mixed, with a more volatile weekly performance, including a net outflow of $186 million from January 6 to January 10.
Bitcoin ETFs Show Strong Inflows Amid Challenges
In stark contrast, Bitcoin ETFs have experienced a much more volatile but slightly positive performance. On January 13, the Spot Bitcoin ETF market recorded a total net outflow of $284.19 million, despite notable inflows from BlackRock ETF IBIT, which saw a Spot Bitcoin ETF inflow of $29.46 million. The major players in the Bitcoin ETF market, including Grayscale (GBTC), Fidelity (FBTC), and Ark & 21Shares (ARKB), all reported significant outflows, contributing to the overall negative trend for Spot Bitcoin ETF.
Despite these fluctuations, Bitcoin’s cumulative Total Net Inflow stands at $35.93 billion, with the Total Net Assets reaching $105.05 billion, accounting for 5.67% of Bitcoin’s market cap as of January 13. Bitcoin’s price was recorded at $95,671.41, reflecting a 2.80% intraday surge. Between January 6 and January 10, Bitcoin ETFs saw a net inflow of $307 million, marking a more resilient performance compared to Spot Ethereum ETF.
Overall, both the Spot Bitcoin and Ether ETF news reveal a mixed outlook for these markets, with Ethereum ETFs facing stronger outflows while Bitcoin ETFs show more resilience despite significant market pressure. Investors will likely continue to monitor the performance of Spot ETH ETF and Spot Bitcoin ETF in the coming days, hoping for stability amid ongoing market volatility.
