Spot Ether ETFs see outflows for second consecutive week amid ‘cooling demand’
Spot Ether ETFs experienced net outflows for the second straight week, totaling $243.9 million, while Bitcoin ETFs saw renewed inflows.Summary
Spot Ethereum (ETH) ETFs recorded $243.9 million in net redemptions for the week ending Friday, marking the second consecutive week of outflows due to cooling investor sentiment. This follows the previous week's $311 million outflow. In contrast, spot Bitcoin (BTC) ETFs attracted $446 million in net inflows this week, indicating renewed institutional confidence. BlackRock’s ETHA ETF led the Ether withdrawals, while BlackRock’s IBIT and Fidelity’s FBTC dominated the Bitcoin inflows. An investment officer suggested this trend reflects a strong rotation into Bitcoin as investors favor its "digital gold" narrative amid global uncertainty, while institutional interest in Ethereum awaits new catalysts or increased network activity.
(Source：Cointelegraph)