Key Points
Spot Ethereum ETFs Surpass Bitcoin ETFs
U.S. spot Ethereum ETFs have seen a significant increase in net inflows over the past week.
This comes amid macroeconomic uncertainty caused by tariffs imposed by U.S. President Trump.
Data from SoSoValue reveals that the nine spot Ethereum ETFs recorded $420.06 million in net inflows over the past week.
This is the first time they have surpassed the net inflows of their Bitcoin counterparts over a weekly period.
The week of Feb. 3–Feb. 7 started with $83.54 million in inflows into ETH ETFs on Monday.
However, inflows spiked to $307.77 million on Tuesday, following a post by Eric Trump stating, “It’s a great time to add ETH.”
Following this, Ethereum saw a surge of over 35%, climbing from around $2,300 to over $2,900 in less than a day.
Inflows into these investment products were more modest for the rest of the week.
They recorded $18.1 million on Wednesday and $10.7 million on Thursday.
By Friday, none of the nine ETH ETFs saw any activity, ending the day with zero net inflows.
Analysts Link ETH ETF Surge to CME-Basis Trading
Analysts at Coinbase have associated the recent Ethereum ETF surge with an increased interest in ETH for CME-basis trading over Bitcoin.
This strategy involves going long on spot ETH while shorting futures to profit from price gaps.
CME ETH trades yielded 16% returns last week, compared to Bitcoin’s 10%, leading institutions to favor ETH for short-term plays.
The total net inflows into these spot Ethereum funds stood at $3.18 billion as of press time.
Ethereum (ETH) was down 0.6%, exchanging hands at $2,646 per coin.
In contrast, the 12 spot Bitcoin ETFs had a mixed week.
They recently celebrated their first anniversary.
On Monday, the first trading day after tariffs were imposed on China, Mexico, and Canada, investors withdrew $234.54 million, followed by another $140.3 million on Thursday.
However, inflows on Tuesday with $340.82 million, Wednesday with $66.38 million, and Friday with $171.19 million helped offset the losses.
By the end of the week, Bitcoin ETFs recorded $203.54 million in net inflows.
This is nearly 63% lower than the $559.84 million from the previous week.
At press time, Bitcoin (BTC) was up 4.6% over the last seven days, trading at $97,150.
