Amidst a general crypto market rally, the price of Ethereum surged by 8.07% in the past week, marking a return to the $3,600 price zone. However, despite this price gain, Ethereum Spot ETFs experienced a net weekly outflow of $38.20 million, ending a five-week positive streak. Interestingly, this underperformance coincided with Bitcoin Spot ETFs, which managed to return to the green, albeit with their lowest positive inflows in the last five months.
Ethereum Spot ETFs Open 2025 On Negative Note
Following the US elections in November, Ethereum Spot ETFs, alongside other crypto-related markets, witnessed a notable surge in investor interest. This increase was largely attributed to anticipated support for the crypto sector from a pro-crypto government led by President-elect Donald Trump.
Despite experiencing a substantial wide-scale crypto price correction that saw ETH prices drop by 23%, interest in Ethereum Spot ETFs remained robust, with an estimated $2.11 billion recorded in net inflows over the previous month.
However, data from SoSoValue indicates that these Ethereum ETFs have now faced a net outflow of $38.20 million during the first trading week of 2025, signifying a shift in the sentiment of US institutional investors.
Bitwise’s ETHE accounted for the largest outflows, totaling $56.11 million, followed by Grayscale’s ETHE with approximately $51.62 million. Franklin Templeton’s EZET also registered outflows amounting to $3.11 million.
In contrast, Fidelity’s FETH recorded the largest inflows over the past week, receiving $38.42 million in investments, while BlackRock’s ETHA was second with $33.88 million in new deposits. Grayscale’s ETH saw modest inflows of $1.10 million, while 21 Shares’ CETH and VanEck’s ETHV reported no market flows.
As of the latest reporting, BlackRock’s ETHA continues to be the most attractive Ethereum Spot ETF, boasting total cumulative inflows of $3.56 billion. Meanwhile, Grayscale’s ETHE maintains its dominance in market assets with a total of $5.07 billion. Despite the recent outflows, Ethereum Spot ETFs have demonstrated remarkable growth in the past few months, currently holding net assets of $13.03 billion, which represents 3% of the Ethereum market cap.
Bitcoin ETFs Register $245 Million Inflows As 2025 Begins
While Ethereum Spot ETFs are experiencing negative returns, their Bitcoin counterparts have notably recorded $244.99 million in weekly inflows, a trend driven by a considerable $908.10 million investment made on Friday alone.
The overall net assets in the Bitcoin Spot ETF market have now escalated to $111.46 billion, with BlackRock’s IBIT claiming a substantial 48.68% market dominance. At the time of writing, Bitcoin is trading at $97,638, while Ethereum’s market price stands around $3,660.
