The U.S. spot Ethereum ETF market recorded substantial net inflows totaling $533.8 million in a single trading session, spearheaded by BlackRock’s Ethereum Trust (ETHA) which contributed $426.2 million. This influx signals growing investor interest in Ethereum products amid shifting market preferences.
Simultaneously, Bitcoin spot ETFs witnessed net outflows of $68 million, extending the segment’s streak of negative flows to two consecutive days. Within the Bitcoin ETF market, BlackRock’s IBIT fund reported flat net activity with zero flow changes while experiencing broader sector outflows.
The divergent performance between Ethereum and Bitcoin ETFs suggests a potential rotation in investor capital allocation, with Ethereum products gaining traction as Bitcoin funds face redemption pressures despite stable institutional participation.