- US Ethereum ETFs recorded massive net inflows of more than US$1 billion on Monday, significantly outperforming Bitcoin ETFs which saw only US$180 million in inflows.
- Ethereum has surged 8% daily and 30% weekly to trade at US$4,673, while Bitcoin managed modest gains of 0.2% daily and 5% weekly at US$119,329.
- Half of the top 20 US ETFs by inflows this year are now crypto-related, with the four largest launched ETFs since early 2024 all being digital asset products.
- Norway’s sovereign wealth fund has increased its Bitcoin holdings to 7,161 BTC through investments in companies like MicroStrategy, Marathon Digital, Block and Coinbase.
US Ethereum (ETH) spot exchange-traded funds (ETFs) continue to outperform their Bitcoin (BTC) peers. The most recent trading data reveals US$523.9 million (AU$801.95 million) in net inflows on Tuesday. This comes after record inflows of over US$1 billion (AU$1.5 billion) on Monday – a first for the Ether funds.
Meanwhile, US spot Bitcoin ETFs had only seen US$65.9 million (AU$100.88 million) in inflows on Tuesday, while Monday brought US$178.1 million (AU$272.63) in net inflows.
US spot Bitcoin ETFs now hold a combined 1.29 million Bitcoin, equivalent to US$154.5 billion (AU$236.6 billion). That’s 6.1% of all Bitcoin, with iShares Bitcoin Trust (IBIT) accounting for 3.5% of all BTC.
Out of 1,300 Launched ETFs, Crypto Leads
At the same time, Ethereum has gained 8% on the daily and 30% on the weekly chart, currently trading for US$4,673 (AU$7,154) while Bitcoin is up just 0.2% and 5% respectively, currently at US$119,329 (AU$182,701).
Related: Blue Origin to Accept Bitcoin, Ether, and Stablecoins for Space Flights
Following the successful run of these ETFs, half of the top 20 US ETFs by inflows this year are now tied to digital assets.
Analyst Nate Geraci noted on Crypto Twitter that out of more than 1,300 ETFs launched since early 2024, crypto products dominate the leaderboard, with the top four all crypto-related.
IBIT leads with US$57.4 billion (AU$87.88 billion) in inflows, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) at US$12.1 billion (AU$18.52 billion), iShares Ethereum Trust (ETHA) at US$9.6 billion (AU$14.69 billion) and YieldMax MSTR Option Income Strategy ETF (MSTY) at US$7.2 billion (AU$11.02 billion).
Norway Ups Crypto Game
Meanwhile, Norway has just increased its exposure to BTC. According to data from K33 Research, Norway’s sovereign wealth fund, Norges Bank Investment Management (NBIM), increased its Bitcoin holdings to 7,161 BTC.
Their holdings include Michael Saylor’s MSTR, miner MARA, as well as Block, Coinbase and Metaplanet.
Related: Pantera Capital Invests US$300M in Digital Asset Treasury Firms, Eyes Higher Returns Than Holding Tokens
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