The Bitcoin and Ethereum ETF market shows different trends regarding institutional investor behavior according to the most recent updates.
BTC ETFs received a substantial amount of funds that entered their market whereas Ethereum ETFs faced substantial withdrawals which showcased differences between investor opinions during this period.
Mar 28 Update:
10#BitcoinETFs
NetFlow: +1,034$BTC(+$86.98M)#Fidelityinflows 1,113$BTC($93.68M) and currently holds 198,046$BTC($16.67B).
9#EthereumETFs
NetFlow: -4,236$ETH(-$8M)#Fidelityoutflows 999$ETH($1.89M) and currently holds 396,588$ETH($749M).
Bitcoin ETFs Continue Upward Momentum
This BTC ETF activity strongly represents market optimism through its 1,034 BTC worth approximately $86.98 million net influx. The substantial acquisition at Fidelity Wise Origin Bitcoin Fund (FBTC) consisted of 1,113 BTC worth $93.68M leading to total holdings of 198,046 BTC valued at $16.67B. The iShares Bitcoin Trust by BlackRock recorded an additional 45 BTC while growing its holdings to a total of 575,856.
The overall positive movement of Bitcoin ETFs experienced small outflows during this time. Grayscale Bitcoin Trust (GBTC) reported an outflow of -8 BTC while continuing its pattern where investors transfer resources to new ETFs that have budget-friendly fee structures. The Valkyrie Bitcoin Fund (BRRR) together with the Invesco Galaxy Bitcoin ETF (BTCO) experienced minor outflows totaling -83 BTC and -33 BTC. Institutional investors maintained their support for Bitcoin markets through a 7-day period that brought 4,595 BTC ($386.73M) into the market.
Ethereum ETFs Struggle as Investors Pull Back
Ethereum ETFs experienced significant financial loss of 4,236 ETH (approximately $8M) which points to shifting investor preferences toward different market assets. The major withdrawal of investment from Grayscale Ethereum Mini Trust (ETH) stands at 2,451 ETH in one day along with 6,702 ETH from the previous week. The weekly outflows from iShares Ethereum Trust (ETHA) totaled 6,055 ETH while the fund experienced no daily change in its net flows.
Fidelity’s Ethereum Fund (FETH) faced extensive withdrawals of 999 ETH in daily activity and 1499 ETH in the past week despite its major market position. The Invesco Galaxy Ethereum ETF (QETH) recorded daily losses of -702 ETH before it lost -365 ETH in the weekly period. The combined ETF withdrawals of -15,204 ETH resulted in a total value of $28.71 million throughout the seven-day period.
Institutional Preferences Reflect Market Trends
Different institutional movements between BTC and Ethereum ETF flows seem to indicate a change in investor preference. Major institutional investors still prefer Bitcoin because of its superior market performance and growing adoption in the market. The short-term movement of funds shows Ethereum losing some of its capital despite being essential within DeFi along with smart contracts.
Fidelity plays a fundamental role in BTC inflows since institutional actors view BTC positively yet Ethereum faces ongoing outflows that might stem from regulatory risks or economic conditions.