Bitcoin ETFs See $221M Inflow as Ethereum Stumbles
U.S. spot Bitcoin ETFs gain $221M in net inflows, while Ethereum ETFs face $51M in outflows on April 2.
- Bitcoin ETFs recorded $221M in net inflows on April 2
- Ethereum ETFs saw $51.24M in net outflows with no gains
- The shift ends Bitcoin’s three-day outflow streak
Bitcoin Bounces Back with Strong ETF Inflows
After three straight days of net outflows, U.S. spot Bitcoin ETFs made a notable comeback on April 2, attracting a total net inflow of $221 million. This sudden reversal reflects renewed investor confidence in Bitcoin, especially as market conditions grow more optimistic heading into Q2.
The positive momentum was led by strong demand for the top Bitcoin ETF products, signaling that institutional and retail investors alike are seeing fresh opportunities in the asset. This inflow is especially significant given the recent volatility in the crypto market, showing that Bitcoin remains a dominant force for risk-on investment strategies.
Ethereum ETFs Hit by Heavy Withdrawals
In stark contrast, spot Ethereum ETFs had a rough day. April 2 saw a combined net outflow of $51.24 million across all nine U.S.-listed Ethereum ETFs. What’s more telling is that none of the ETFs reported any inflows, pointing to a complete lack of new investor interest at the moment.
This divergence between Bitcoin and Ethereum highlights a current market preference for Bitcoin, possibly driven by its status as a safer or more established asset in uncertain economic times. Ethereum, while still a major player in the space, may be facing pressure from delayed ETF approvals or regulatory uncertainty.
Market Sentiment Shifts Toward Bitcoin
This shift could signal broader market sentiment tilting more heavily toward Bitcoin as the crypto market matures. With the Bitcoin halving event approaching and institutional interest rising, investors appear to be positioning themselves accordingly.
Meanwhile, Ethereum’s temporary underperformance could open the door for a potential rebound once clarity around its ETF landscape improves. Until then, Bitcoin is likely to continue dominating ETF flows in the short term.
