In a notable development regarding cryptocurrency investment vehicles, Ether (ETH) exchange-traded funds (ETFs) in the U.S. experienced a concerning trend on Monday, facing zero inflows. This marks only the second occurrence of such a phenomenon since these funds were listed in July, with the previous instance recorded on August 30.
Insights for this report were derived from comprehensive data analysis by SoSoValue. Conversely, Bitcoin (BTC) ETFs exhibited a robust performance during the same timeframe, enjoying significant inflows that reached their highest level since September 27. Bitcoin ETFs collectively added a noteworthy net total of $235.2 million, with Fidelity's product (FBTC) leading the charge by contributing $103.7 million in inflows.
Not lagging far behind, BlackRock's fund (IBIT) recorded an impressive $97.9 million in net inflows. These figures clearly illustrate the stark contrast between the performance of BTC and ETH products within the U.S. market landscape. Since their inception in January, Bitcoin ETFs have amassed nearly $18.75 billion in total inflows.
In sharp contrast, Ether ETFs have faced a substantial deficit, currently down by $500 million since their introduction in July. Such disparities in performance emphasize the varying investor sentiments and market dynamics surrounding these two prominent cryptocurrencies..