Bitcoin (BTC) ETF Ends a 10-Day Streak of Inflows, Ethereum (ETH) ETF Ends a 3-Day Streak of Outflows

Spot On Chain, the AI-driven crypto data analysis platform, has highlighted a contrasting trend between Bitcoin and Ethereum ETFs.

Crypto data analysis platform Spot On Chain has highlighted a contrasting trend in Bitcoin and Ethereum ETFs, showcasing a week-long period of nearly zero net flows for both cryptocurrencies. In its latest report on X, the analysis platform revealed that the Bitcoin ETF ended a 10-day streak of inflows, while the Ethereum ETF swung in the opposite direction by ending a 3-day streak of outflows.

According to Spot On Chain, the net flows for both Bitcoin and Ethereum remained stagnant throughout the week, finally coming to a halt on March 28, suggesting a standstill from buyers and investors. Despite this, Bitcoin’s price experienced a 7.5% gain during the period, highlighting the week-long steady inflow, even though the price has pulled back in the past 48 hours.

In the meantime, Ethereum also recorded notable gains in the past week, surging 10.5% amid bearish pressure. The flagship altcoin has struggled to recover its bullish momentum since forming a double-top formation on the weekly chart. The cryptocurrency has lost over 55% since November last year, tumbling from $4,109 to trade for $1,834 at the time of writing.

Notably, Bitcoin’s price has benefited more from an ETF launch than Ethereum. BTC gained over 185% last year after an SEC ETF approval enabled institutional investors to adopt the cryptocurrency. BTC’s 2024 rally reflected a classic bull run, with the cryptocurrency establishing a new all-time high of $109,356.

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Ethereum did not replicate BTC’s behavior. The altcoin’s ETF approval by the SEC in May 2024 raised investors’ hopes. However, Ethereum has underperformed compared to Bitcoin. The altcoin’s notable rally in 2024 came with the general crypto market rally that followed Donald Trump’s election victory last November.

Nevertheless, the recent development observed by Spot On Chain could signal renewed hope for ETH. A switch to positive ETF flows could boost the cryptocurrency’s value in the short term and motivate ETH bulls for further upward momentum ahead of an anticipated bull run.