The US cryptocurrency spot ETF market shows signs of divergence: Bitcoin momentum remains strong, while Ethereum faces pressure.

Yesterday’s data shows that BTC spot ETFs had a net inflow of $49.16 million, marking the third positive inflow day this week. Among them, BlackRock’s IBIT performed the best with a net inflow of $51.13 million (equivalent to 567.26 BTC), with total net inflows reaching $62.73 billion. By contrast, Fidelity’s FBTC experienced a slight net outflow of $1.96 million (21.79 BTC), with total net inflows still at $12.18 billion.

In terms of market size, the total assets of Bitcoin spot ETFs have surpassed $118.27 billion, accounting for 6.57% of Bitcoin’s total market capitalization, with a cumulative inflow of $57.9 billion since launch.

However, Ethereum’s story is quite different. During the same period, ETH spot ETFs recorded a net outflow of $19.41 million, marking the second consecutive day of fund withdrawals. Grayscale’s ETH and ETHE experienced net outflows of $22.10 million and $14.42 million respectively, and Fidelity’s FETH also followed suit with a net outflow of $6.14 million. Only BlackRock’s ETHA managed to steady the ship, with a single-day net inflow of $23.25 million (7,560 ETH), bringing the total net inflow to $13.23 billion.

The total assets of Ethereum spot ETFs are $19.42 billion, representing 5.22% of ETH’s total market value, with cumulative net inflows of $13.09 billion. The shift in market sentiment is worth noting.