During a widespread uptrend in the cryptocurrency market, Ethereum’s price surged by 8.07% over the past week, reaching back into the $3,600 range. Despite this price increase, Ethereum Spot ETFs saw a net outflow of $38.20 million for the week, breaking a five-week streak of positive growth. Interestingly, this underperformance coincided with Bitcoin Spot ETFs returning to positive territory with their lowest inflows in five months.
Ethereum Spot ETFs Begin 2025 With Outflows
After the US elections in November, Ethereum Spot ETFs, along with other crypto markets, saw a surge in investor interest due to expectations of a pro-crypto government led by President-elect Donald Trump.
Despite a significant crypto price correction resulting in a 23% drop in ETH’s price, interest in Ethereum Spot ETFs remained strong, with approximately $2.11 billion in net inflows over the month. However, data from SoSoValue now indicates a net outflow of $38.20 million in the first trading week of 2025, signaling a shift in sentiment among US institutional investors.
Bitwise’s ETHE saw the largest outflows at $56.11 million, followed by Grayscale’s ETHE with around $51.62 million in withdrawals. Franklin Templeton’s EZET also experienced outflows of $3.11 million. On the other hand, Fidelity’s FETH saw the largest inflows of $38.42 million, while BlackRock’s ETHA followed with $33.88 million in new deposits. Grayscale’s ETH had modest inflows of $1.10 million, while 21 Shares’ CETH and VanEck’s ETHV saw no market flows.
Currently, BlackRock’s ETHA remains the most attractive Ethereum Spot ETF with total cumulative inflows of $3.56 billion, while Grayscale’s ETHE maintains market dominance with net assets of $5.07 billion. Despite the recent weekly outflows, the Ethereum Spot ETFs have shown significant growth in recent months, resulting in total net assets of $13.03 billion, representing 3% of the Ethereum market cap.
Bitcoin ETFs See $245 Million Inflows To Start 2025
While Ethereum Spot ETFs experienced outflows, Bitcoin ETFs recorded $244.99 million in weekly inflows, driven by a substantial $908.10 million investment on Friday.
The total net assets in the Bitcoin Spot ETF market now stand at $111.46 billion, with BlackRock’s IBIT holding a 48.68% market dominance. Currently, Bitcoin is trading at $97,638, while Ethereum’s market price hovers around $3,660.
