Ethereum spot exchange-traded funds (ETFs) recorded net inflows of $82 million on Monday while Bitcoin spot ETFs experienced net outflows of $91 million, according to data from SoSoValue. The divergence marks a shift in investor sentiment between the two cryptocurrency investment vehicles. Spot ETFs, which launched in the United States in January 2024 for Bitcoin and July 2024 for Ethereum, allow investors to gain exposure to cryptocurrency price movements without directly holding the assets, and have become significant channels for institutional capital flow into the digital asset sector.
Ethereum ETFs Record Three-Day Flow Pattern
Ethereum spot ETFs saw net inflows of $19 million on June 4th, breaking a streak of net outflows that had dominated since May 7th, according to SoSoValue data. June 5th recorded small outflows before Monday's $82 million inflow. During the outflow period since May 7th, ETH price declined from $2,300 to under $1,600. The funds are regulated by the Securities and Exchange Commission (SEC) and allow traditional entities including institutions to invest without interacting with blockchain infrastructure such as wallets and exchanges.
Bitcoin ETFs Continue Outflow Trend
Bitcoin spot ETFs recorded net inflows of $3 million on June 4th before returning to outflows. Monday saw $91 million in capital exit Bitcoin funds, exceeding the amount that flowed into Ethereum ETFs. The netflow data indicates spot ETF investors are currently showing higher interest in Ethereum relative to Bitcoin.
Ethereum Price Trades at $1,670
Ethereum is trading around $1,670, representing a recovery from its low under $1,600. The price remains below the $2,300 level recorded on May 7th.
FAQ
What were the Ethereum spot ETF inflows on Monday?
Ethereum spot ETFs recorded net inflows of $82 million on Monday, according to SoSoValue data.
How did Bitcoin ETF flows compare to Ethereum on Monday?
Bitcoin spot ETFs saw net outflows of $91 million on Monday while Ethereum ETFs recorded $82 million in inflows, showing diverging trends between the two cryptocurrency investment vehicles.
When did the Ethereum ETF outflow streak begin?
Ethereum spot ETFs experienced mostly negative netflows since May 7th before recording inflows of $19 million on June 4th.
