Ethereum ETF Outperforms Bitcoin ETF in Digital Asset Fund Report
In a recent digital asset fund report, the Ethereum exchange-traded fund (ETH ETF) has shown superior performance compared to the Bitcoin ETF in the institutional investment race. Despite market weaknesses, ETH spot ETF funds saw inflows of approximately US$105 million last week, while total flows have been negative overall, with outflows of about $405 million. On the other hand, the Bitcoin Spot ETF had outflows of around $170 million last week, following previous outflows of nearly $80 million.
Institutional Investors Favor Grayscale’s Ethereum Trust
Institutional investors have shown a preference for Grayscale, particularly with its newly launched Grayscale Ethereum Mini Trust (ETH). This trust, which contains approximately 360,000 ETH, received seed funding of around US$1 billion from ETHE. Overall, Grayscale holds approximately 2.25 million ETH, representing a 25% reduction in Ethereum holdings. Additionally, digital asset investment products experienced inflows of about $176 million as investors capitalized on buying opportunities during last week’s market downturn triggered by geopolitical tensions and stock market declines.
Global Financial Inflows and Market Sentiment
Following the recent market crash, sentiment towards digital assets has shown signs of positivity after a necessary price correction. In terms of financial inflows, the United States led with inflows reaching $89 million, while Switzerland recorded $20 million. Brazil and Canada also saw healthy inflows of US$19.9 million and US$12.6 million, respectively. However, the United States also experienced the highest net outflow of approximately $306 million, indicating mixed investor sentiment despite overall market recovery.
