Investor Interest in Spot Bitcoin ETFs Remains Strong While Selling Pressure on Ethereum ETFs Intensifies
Data from May 15 regarding U.S. spot cryptocurrency ETFs showed that investor interest remains primarily focused on Bitcoin, while funds investing in Ethereum continue to face persistent outflow pressure.
According to SoSoValue, spot Bitcoin ETFs recorded a net inflow of $131 million yesterday, while spot Ethereum ETFs experienced net outflows for the fourth consecutive trading day.
BlackRock’s IBIT Led Daily Inflows
Among Bitcoin products, the best daily performance came from the IBIT spot Bitcoin ETF managed by BlackRock, one of the world’s largest asset managers.
The fund led all ETFs with a one-day net inflow of $144 million.
This increased IBIT’s cumulative historical net inflows to $65.9 billion.
The second-best performer was the BITB fund from Bitwise, which recorded net inflows of $17.7 million.
Grayscale’s GBTC Continues to See Outflows
On the other hand, the largest daily outflow was recorded by the GBTC fund operated by Grayscale.
GBTC experienced net outflows totaling $31.6 million, bringing the fund’s cumulative historical net outflows to $26.4 billion.
Bitcoin ETFs Now Hold More Than $107 Billion in Assets
According to SoSoValue, the total net asset value of spot Bitcoin ETFs reached $107.7 billion.
This represents approximately 6.61% of Bitcoin’s total market capitalization.
Cumulative net inflows into spot Bitcoin ETFs have now exceeded $58.6 billion.
Ethereum ETFs Continue to Lose Capital
The situation for spot Ethereum ETFs was notably weaker.
The sector recorded total net outflows of $5.65 million during the day.
The largest inflow came from the FETH fund managed by Fidelity Investments, which attracted $6.87 million.
Meanwhile, the ETHA fund from BlackRock experienced outflows totaling $13.2 million.
Analysts See Diverging Institutional Sentiment
The total net asset value of Ethereum ETFs reached $13.45 billion, representing approximately 4.85% of Ethereum’s market capitalization.
Analysts noted that the continued strong inflows into Bitcoin ETFs indicate sustained institutional demand, while ongoing outflows from Ethereum ETFs reflect cautious short-term investor expectations.
See also: "Bitcoin Climbs Above $80K Amid Progress in Crypto Regulation"
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