U.S. Bitcoin ETFs Surge with $381M Inflows, Ethereum ETFs Suffer $25.42M Outflows in 9-Week Streak

U.S. Bitcoin spot ETFs experienced a significant surge in net inflows on April 21, totaling $381 million, marking the highest single-day gain since late January. This increase was driven by the purchase of 4,480 BTC, with ARKB from Ark and 21Shares leading the inflows at $116.1 million, followed by Fidelity's FBTC with $87.6 million. On April 22, the net inflow continued with an additional 3,485 BTC, amounting to $316.84 million.

In contrast, Ethereum spot ETFs continued to see net outflows, with a total of $25.42 million exiting the market on April 21, marking a 9-week streak of losses. This trend persisted on April 22 with a net outflow of 438 ETH, valued at $746,000. The cumulative net inflow for Ethereum ETFs has dropped to $2.22 billion since February.

The net asset value of Ethereum spot ETFs has reached a record low, standing at approximately $5.3 billion as of April 17. The persistent outflows, totaling over $1.1 billion in the last seven weeks, have been attributed to factors such as high fees associated with some Ethereum ETFs, like Grayscale's ETHE, and the broader market dynamics affecting Ethereum's price.

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