Spot Bitcoin ETF Inflows Lag Behind Ethereum Counterparts

Over the last four trading days, from November 22 to November 27, spot Bitcoin exchange-traded funds (ETFs) in the U.S. experienced significantly lower inflows compared to their Ethereum counterparts.

Bitcoin ETF Inflows Fall Short

According to recent data, the 12 spot Bitcoin ETFs recorded $32.2 million in inflows, a substantial difference from the $224.8 million inflows recorded by the nine spot Ethereum ETFs over the same period.

This disparity in inflows comes as Bitcoin saw a 2.7% drop in its price over the last 7 days, while Ethereum (ETH) experienced a 5.3% price rally during the same period.

If current trends continue, U.S. Ether funds might outpace spot Bitcoin ETFs in weekly net inflows for the first time, depending on trading activity on November 29.

Record-Breaking Month for Spot Bitcoin ETFs

Despite the recent slowdown in inflows, spot Bitcoin ETFs have achieved a record-breaking month, with over $6.2 billion in net inflows for November, surpassing the previous record of $6.2 billion set in February.

This milestone was highlighted by market commentator Nate Geraci, who noted that the Bitcoin ETFs recorded their highest inflow week between November 18-22, with $3.38 billion in inflows.

Factors Contributing to Ethereum’s Surge

The recent surge in inflows into Ethereum ETFs is likely linked to Ethereum’s price rally, which may have been influenced by the crypto privacy mixer Tornado Cash’s partial victory in U.S. courts.

Additionally, investor interest in Ethereum may have increased following reports that former SEC commissioner and crypto advocate Paul Atkins is now the leading candidate to replace Gary Gensler as SEC Chair, potentially leading to a more favorable regulatory environment for the DeFi space under a Donald Trump-led U.S. administration.

Current Market Status

At press time, Bitcoin was up 0.6% in the last 24 hours, exchanging hands at $96,279, while Ethereum (ETH) was down 0.9% trading at $3,570 per coin.

For more news and updates on the cryptocurrency market, visit Global Crypto News.

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