Bitcoin (BTC) and Ethereum (ETH) ETFs Show Divergent Flows As BTC ETFs Gain 1,147 BTC

In a latest update in the crypto ETF sector, Bitcoin (BTC) and Ethereum (ETH) ETFs show divergent flows. As per the data from Lookonchain

The latest data from on-chain analytics provider Lookonchain reveals striking disparities in the flow of funds through Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs).

According to Lookonchain's latest X post, Bitcoin ETFs have cumulatively added a considerable amount of 1,147 BTC while Ethereum ETFs have gone through notable outflows of 3,775 ETH. This disparity in ETF flows indicates a significant sentiment shift in the market.

Bitcoin ETFs Add 1,147 BTC With IBIT Leading with 955 BTC in Inflows

The data from Lookonchain points out that the Bitcoin (BTC) ETFs recorded BTC 1,147 in net inflows. This figure accounts for a $97.03M in total value.

Particularly, BlackRock's iShares Bitcoin Trust (IBIT) took the lead with a big inflow of 955 BTC, denoting $80.73M. This inflow raised the ETF's Bitcoin holdings to 573,188 BTC, equaling $48.47B.

The rest of the Bitcoin ETFs also added considerable BTC, with HODL of VanEck witnessing 28 BTC in inflows. Apart from that, BRRR of Valkyrie added almost 46 BTC and BTCO of Galaxy incorporated 87 BTC.

Moreover, Grayscale Bitcoin Mini Trust (BTC) went up by 40 BTC while the only ETF with negative flows was the Grayscale Bitcoin Trust (GBTC) with a loss of 8 BTC.

Ethereum ETFs Lose 3,775 ETH With ETHE Reporting Largest Outflow of 5,241 ETH

In a significant contrast, Ethereum ETFs have remained mostly bearish. The total outflow across the 9 ETH ETFs reached a substantial 3,775 ETH. This amount equals $6M in total.

During the recent weekly, the overall outflows of Ethereum ETFs have spiked to 43,043 ETH, excluding $68.4M in total. The Ethereum ETF with the biggest one-day outflow is Grayscale's ETHE, recording 5,241 ETH. This accounts for $8.33M in total, pushing its total holdings to 1,169,305 ETH ($1.86B).

According to Lookonchain's data, the other Ethereum ETFs also saw considerable losses, with Fidelity's FETH reporting 6,995 ETH in weekly outflows. Simultaneously, iShares Ethereum Trust (ETHA) has gone through a loss of 2,725 ETH over the past seven days.

On the other hand, some Grayscale Ethereum Mini Trust (ETH) and Invescor Galaxy Ethereum ETF (QETH) recorded 1,411 ETH and 54 ETH in inflows.