Bitcoin vs Ethereum ETFs: The Gap Is Getting Hard to Ignore

The past week showed another interesting discrepancy between the funds tracking both asset. Although Thursday saw the highest daily net outflow in four months of well over $600 million, the spot Bitcoin ETFs still managed to end the week in the green. The same cannot be said about their Ethereum counterparts, which have bled for the fourth consecutive week. BTC ETF in the Green But… It was a rather controversial week on the BTC ETF front. After two weeks in a row in the red, the funds broke the negative streak on Monday with a massive net inflow of $526.60 million. Another $23.16 million entered the financial vehicles on Tuesday, which coincided with the underlying asset’s first price uptick. The actual breakout attempt took place a day later when BTC jumped to $85,000 for the first time in two weeks. Naturally, the net inflows were quite spectacular on that day, with $528.50 million entering the funds. However, the rejection later that day, and especially on Thursday and Friday, was largely propelled by net outflows. Data from SoSoValue shows that the withdrawals on Thursday skyrocketed to their highest levels since late June at $635.49 million. Farside shows that the Friday outfl...