- Bitcoin ETFs lost $64.9M in one day, snapping a 19-day streak of inflows.
- Ethereum ETFs gained $2.1M, highlighting stronger short-term investor demand.
- Ethereum funds showed price gains despite lower trading volumes than Bitcoin.
On June 10, Bitcoin ETFs reported a net outflow of $64.9 million, ending a 19-day streak of continuous inflows. Meanwhile, Ethereum ETFs posted a $2.1 million daily inflow, signaling renewed investor interest in ETH-based investment products.
Bitcoin ETFs Face Net Outflows as Ethereum Picks Up Pace
According to a post by Crypto Town Hall, Grayscale’s GBTC led Bitcoin ETF outflows with $39.5 million, followed by Invesco Galaxy’s BTCO, which recorded $20.5 million in net withdrawals. These movements halted Bitcoin ETFs’ multi-week inflow streak, highlighting a shift in short-term investor sentiment. On the same day, Ethereum ETFs collectively gained $2.1 million in net inflows, suggesting consistent institutional demand for Ether exposure.
The latest data from April 4 shows Ethereum ETF net assets reaching $6.16 billion, which accounts for 2.80% of Ethereum’s total market capitalization. While Grayscale’s ETHE leads in assets under management at $2.17 billion, BlackRock’s ETHA holds the strongest cumulative inflow at $4.05 billion. Despite ETHE’s size, its historical outflow of $4.20 billion reveals long-term investor hesitation toward that specific fund.
The performance of Ethereum ETFs continues to show strength even in the absence of daily inflows across most funds. Fidelity’s FETH gained 1.35%, VanEck’s ETHV rose by 1.30%, and Bitwise’s ETHW led the daily price increases with a 1.49% gain. Total daily volume across Ethereum ETFs reached $371.79 million, underscoring growing participation despite lower capital concentration.
ETH and BTC ETF Performance Reveals Diverging Investor Behavior
While Ethereum ETFs showed consistent gains, Bitcoin ETF data reflected large capital movements without matching inflows. BlackRock’s IBIT, despite no daily inflow, gained 2.45% with $3.25 billion in trading volume. Fidelity’s FBTC followed closely with a 2.57% price increase and $548.46 million in daily volume.
This trend was also visible in other major funds like ARKB and BITB, which posted 2.46% and 2.47% daily gains, respectively, yet experienced multi-million-dollar net outflows. Grayscale’s GBTC stood out with a $25.21 million outflow, adding to its historic net withdrawal of $22.62 billion. Across the entire Bitcoin ETF market, daily trading volume totaled $4.43 billion.
Despite smaller trading volumes, Ethereum ETFs have seen steady investor inflows and daily price gains, while Bitcoin ETFs reflect larger capital outflows even amid price increases, signaling a divergence in near-term investor focus between the two largest crypto assets.
