Bitcoin ETFs continued their streak of weekly inflows, while Ethereum ETFs saw the opposite, experiencing outflows. According to data from Lookonchain, a popular on-chain analytics provider, this indicates a diversified investor sentiment towards cryptocurrencies. The analytics firm reported that 10 Bitcoin ETFs saw a net inflow of 992 BTC, equivalent to around $60.84 million. iShares Bitcoin ETF stood out with a significant inflow of $76.8 million, bringing its total holdings to approximately 352,843 BTC, worth $21.65 billion. This positive trend suggests growing investor interest in Bitcoin-focused financial products.
On the other hand, Ethereum ETFs witnessed a negative trend, with 4,972 ETH leaving the sector, representing a decline of approximately $13.23 million. Grayscale’s Ethereum Trust (ETHE) experienced massive outflows of 11,885 ETH, totaling $31.61 million. Despite the outflows, the exchange-traded fund still holds a considerable reserve of around 1,830,266 ETH, equivalent to $4.87 billion. This indicates a more cautious sentiment towards Ethereum ETFs at the moment.