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Bitcoin ETFs Recorded Inflows for the Fourth Consecutive Day! What is the Situation with Ethereum ETFs? Here are the Details.
According to market data, spot Bitcoin exchange-traded funds listed in the US recorded a net inflow of $5.1 million on May 12, continuing their positive momentum for the (ETF) and indicating a net positive flow for the fourth consecutive day.
Bitcoin ETFs Record Inflows for the Fourth Consecutive Day, While Ethereum Funds Saw Outflows
On the contrary, spot Ethereum ETFs have faced continuous selling pressure and recorded a total net outflow of $17.59 million.
In particular, none of the nine Ethereum ETFs recorded a net inflow during the session, highlighting a decrease in investor demand despite the recent optimism surrounding Ethereum's ecosystem upgrades.
Diverging Sentiment Between BTC and ETH
The difference in fund flows highlights an increasingly diverging investor sentiment between the two leading cryptocurrencies.
Bitcoin continues to attract institutional interest, likely due to macroeconomic tailwinds and its status as a perceived digital store of value, while Ethereum appears to be facing short-term headwinds despite the successful rollout of the recent Pectra upgrade.
Analysts state that the dominance of Bitcoin in the market's risky environment may be due to this inequality arising from volatility concerns, regulatory uncertainties, or capital rotation dynamics.
Asset managers and market participants are closely watching whether the continuation of the entry series of Bitcoin ETFs and the stable outflows of Ethereum funds indicate a broader change in allocation strategies or a temporary shift amid evolving macroeconomic conditions.