Spot Bitcoin ETFs See Lower Inflows Than Ether Counterparts During Pre-Thanksgiving Trading

Spot Bitcoin exchange-traded funds in the U.S. have experienced significantly lower inflows compared to their Ethereum counterparts during the last four trading days

Spot Bitcoin exchange-traded funds in the U.S. saw lower inflows compared to their Ethereum counterparts over the last four trading days.

According to data from SoSoValue, 12 spot Bitcoin ETFs recorded $32.2 million in inflows over the last four trading days between Nov. 22 and Nov. 27. This stood significantly lower than the $224.8 million inflows recorded by the nine spot Ethereum ETFs over the same period.

Interestingly, this comes as Bitcoin saw a 2.7% drop in its price over the last 7 days compared to a 5.3% Ether price rally over the same period.

Depending on how trading unfolds on Nov. 29, U.S. Ether funds might outpace spot Bitcoin ETFs in weekly net inflows for the first time.

However, spot Bitcoin ETFs have still achieved a record-breaking month with over $6.2 billion in net inflows for November, market commentator Nate Geraci noted in an X post.

The BTC ETFs recorded their highest inflow week between Nov. 18-22 when the ETFs saw $3.38 billion in inflows pushing Bitcoin towards its all-time high of $99,645 towards the end of last week.

Meanwhile, the recent surge in inflows into Ether ETFs is likely linked to Ethereum’s price rally, which may have been influenced by crypto privacy mixer Tornado Cash’s partial victory in U.S. courts.

Additionally, investor interest in Ethereum may have increased following reports that former SEC commissioner and crypto advocate Paul Atkins is now the leading candidate to replace Gary Gensler as SEC Chair. This development has heightened expectations of a more favorable regulatory environment for the DeFi space under a Donald Trump-led U.S. administration.

At press time Bitcoin (BTC) was up 0.6% in the last 24 hours, exchanging hands at $96,279 while Ethereum (ETH) was down 0.9% trading at $3,570 per coin