Bitcoin ETFs see $61.3M inflows while Ethereum ETFs lose $822K

Bitcoin (CRYPTO:BTC) exchange-traded funds (ETFs) saw a strong inflow of $61.3 million on Monday, according to reports. 

This surge was led by Blackrock’s IBIT, which gained $72.15 million, and Fidelity’s FBTC, adding $8.32 million. 

However, not all Bitcoin ETFs experienced gains. 

Bitwise’s BITB saw a loss of $9.67 million, and Ark Invest and 21Shares' ARKB dropped by $9.5 million. 

Despite these minor setbacks, Bitcoin ETFs overall performed well. 

With these fresh inflows, the total net inflows since January 11 have reached $18.86 billion. 

Collectively, 12 Bitcoin ETFs now hold $59.08 billion in bitcoin reserves, representing 4.69% of the total market cap of Bitcoin. 

On the other hand, Ethereum (CRYPTO:ETH) ETFs have struggled. 

The nine Ethereum-focused funds collectively lost $822,290 during the same period. 

Blackrock’s ETHA stood out as the sole gainer, adding $10.99 million, but this was overshadowed by Grayscale’s ETHE, which posted a loss of $11.81 million. 

Since July 23, the cumulative losses for Ethereum ETFs have now reached $523.79 million. 

Currently, Ethereum ETFs hold $7.14 billion in ether reserves, which accounts for 2.27% of Ethereum’s total market cap. 

This data highlights the diverging trends between Bitcoin and Ethereum ETFs, with Bitcoin ETFs continuing to see steady inflows, while Ethereum ETFs face ongoing challenges. 

According to sosovalue.xyz, the difference in performance between Bitcoin and Ethereum ETFs may reflect broader market sentiment, favoring Bitcoin as a more stable investment option. 

As inflows and outflows continue to fluctuate, market observers are closely watching to see how these trends develop in the coming months. 

At the time of reporting, the Bitcoin price was $60,766.08, while the Ethereum price was $2,446.57.