Bitcoin ETF Weekly Volume Slips to October 2024 Low as Ether Funds Outpace Inflows
Ether ETFs have drawn nearly as much capital as Bitcoin funds over the past three weeks despite lower net assets.
Bitcoin ETF weekly trading volume fell to its lowest level since October 2024, signaling a drop in investor activity for the largest cryptocurrency's spot exchange-traded products.
Meanwhile, ether-focused funds have continued to lead inflows, attracting nearly as much capital as Bitcoin ETFs over the past three weeks, according to data from The Block. The contrast is notable given that ether ETFs hold roughly one-eighth the net assets of their bitcoin counterparts.
The shift in capital flow suggests growing investor interest in Ethereum-based products, even as the broader crypto market shows mixed sentiment. Analysts attribute the trend to Ethereum's recent network upgrades and increased institutional adoption.
Bitcoin ETFs, which debuted in early 2024, had previously dominated trading volumes and inflows. The current decline in weekly volume could reflect a temporary pause or rotation into alternative crypto assets.