- Bitcoin’s 10-day ETF inflow streak has ended, while Ethereum reversed its three-day outflow pattern amid weekly price gains.
- Despite notable price increases for both assets, net ETF flows remained flat through the week ending March 28, reflecting investor caution.
- Ethereum’s ETF approval failed to match Bitcoin’s success, though a shift to positive flows may signal a short-term bullish outlook.
Spot On Chain has reported a shift in ETF trends for Bitcoin and Ethereum. Bitcoin’s ETF inflows came to a stop after a steady 10-day run, marking a notable pause in investor momentum. Despite this, Bitcoin’s price recorded a 7.5% gain over the past week. This increase followed days of consistent buying activity, although prices began to ease in the last 48 hours.
In contrast, Ethereum experienced a reversal in trend. After facing outflows for three consecutive days, the altcoin saw renewed inflows. Institutional investors seem to be expressing increasing interest based on this data trend. Ethereum rose 10.5% throughout the week while facing continued bearish conditions.
Investor caution keeps weekly net flows flat
Throughout the week ending March 28, both Bitcoin and Ethereum ETFs saw neutral net flows. Spot On Chain noted that this stagnation suggests a cautious stance from investors. Even with price increases for both assets, the lack of net inflow changes highlights uncertainty in current market sentiment.
Bitcoin has shown stronger performance overall. Following the approval of spot ETFs by the SEC last year, Bitcoin’s price surged by more than 185%. The rally pushed the cryptocurrency to a new record of $109,356. Institutional adoption supported this surge, positioning Bitcoin as the primary beneficiary of ETF-driven gains.
Ethereum lags despite ETF approval in May 2024
Ethereum did not follow the same path. Despite receiving ETF approval in May 2024, Ethereum has underperformed relative to Bitcoin. The asset faced downward pressure after forming a double-top chart pattern.
The change in Ethereum’s ETF trend could help restore investor confidence. A return to positive inflows may encourage short-term value growth. This development arrives as the crypto market prepares for potential upward momentum driven by broader economic and political events.
