- •Ethereum ETFs faced $175M in total outflows, led by BlackRock’s ETHA.
- •All nine Ethereum funds reported zero net inflows.
- •Bitcoin ETFs saw minor outflows, with IBIT showing resilience.
On October 10, Ethereum spot ETFs experienced a significant market setback, recording a total net outflow of $175 million. All nine ETH-focused ETFs registered no net inflows for the day, highlighting investor caution amid ongoing market uncertainty.
Leading the downturn was BlackRock’s Ethereum Trust (ETHA), which alone saw $80.19 million pulled from the fund. Other ETFs followed suit, but none were able to attract any fresh capital. This mass outflow raises questions about investor confidence in Ethereum-based products, especially as the broader crypto market continues to show signs of volatility.
This steep decline in inflows could also be linked to the delayed decision from the SEC on Ethereum ETF approvals, as well as concerns around regulatory clarity in the U.S. crypto space.
Bitcoin ETFs Remain Resilient
In contrast to Ethereum, Bitcoin spot ETFs showed relative stability. The total outflow across Bitcoin ETFs was just $4.5 million—minor compared to Ethereum’s numbers.
Interestingly, BlackRock’s iShares Bitcoin Trust (IBIT) managed to attract net inflows, making it the only fund across both asset classes to do so on October 10. This suggests that investor confidence in Bitcoin remains intact, likely due to its stronger institutional backing and more mature market presence.
Bitcoin’s resilience may also stem from the growing anticipation of the next Bitcoin halving and increasing adoption by traditional financial institutions.
What This Means for Investors
The stark difference in fund flows between Ethereum and Bitcoin ETFs paints a clear picture of current market sentiment. Ethereum appears to be facing a confidence gap, possibly driven by its more complex ecosystem and uncertain regulatory standing. Meanwhile, Bitcoin continues to serve as the primary entry point for institutional crypto exposure.
While these flows can shift quickly with market developments, they offer a telling snapshot of investor behavior in the current crypto landscape.