Finance
Ether ETFs Face Silent Market While Bitcoin Products Surge
In a contrasting trend, Bitcoin ETFs see significant inflows as Ether ETFs notice no market movement for the second time.
1 min read
Summary of Recent ETF Activity
The recent performance of Ether ETFs in the U.S. was notably quiet, with no flows recorded, marking the second instance of this phenomenon since their launch in July. Meanwhile, Bitcoin ETFs experienced their largest net inflows since September 27, totaling $235.2 million. Among these, Fidelity’s fund (FBTC) stood out with gains of $103.7 million, and BlackRock’s product (IBIT) brought in $97.9 million.
Key Highlights
- Ether ETFs: $0 flows recorded on Monday.
- Bitcoin ETFs: Nearly $18.75 billion in inflows since January.
- Ethereum-based products report a deficit of $500 million since July.
These figures accentuate the diverging trends between Bitcoin and Ether products in the U.S. market.
