Main Insights
- U.S. spot Bitcoin ETFs currently hold $112.59 billion in BTC, representing 5.90% of its total market capitalization.
- Fund managers are advocating for the introduction of staking capabilities on ETH ETFs.
- U.S. spot Ethereum ETFs possess $10.31 billion in net assets, which is 3.14% of ETH’s market capitalization.
U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) are facing challenges in sustaining their previously optimistic momentum, despite a slight easing in market volatility recently.
Conversely, Ethereum (ETH) funds are experiencing a small advantage as they show modestly better performance than their BTC counterparts. This shift may be driven by the possible staking feature being introduced for ETH ETFs, enticing investors seeking potential yield opportunities not available with Bitcoin ETFs.
Ethereum ETFs
According to data from SoSoValue, Ethereum ETFs achieved total net inflows of $19.02 million on February 19, 2025, marking the fourth consecutive day of a modest inflow trend that has accumulated to $48.19 million.
While this amount may seem minimal, it is notable that BTC funds have only recorded one day of inflows since February 10, 2025, giving ETH funds a significant edge.
Today’s superior performance of ETH funds can be attributed primarily to one ETF, Fidelity’s FETH, which recorded a moderate net inflow of $24.47 million. It is the second-best-performing ETH ETF with total net inflows of $1.54 billion, though it ranks fourth with $1.27 billion in net assets.
Following a predictable trend, Grayscale’s Ethereum Trust (ETHE) has seen only three days of net inflows, losing another $5.45 million, which brings its overall net outflows to a concerning $3.99 billion.
Ethereum funds might continue to flourish as fund issuers are beginning to advocate for the addition of Ethereum ETF staking features soon after the U.S. Securities and Exchange Commission (SEC) officially recognized a recent application for staking.
Bitcoin ETFs
According to SoSoValue data, Bitcoin ETFs experienced another day of outflows amounting to $71.07 million on February 19, 2025, as bearish investors continue to withdraw from funds. Currently, BTC ETFs are poised to enter a second week of withdrawals following last week’s exit of $585.65 million in net outflows.
The second-best performing BTC ETF, Fidelity’s Wise Origin Bitcoin Fund (FBTC), suffered the largest loss of the day, with outflows of $48.39 million. This reduction brings its total net inflows to $12.43 billion, with net assets amounting to $20.02 billion, ranking it second among its rivals.
The Valkyrie Bitcoin Fund (BRRR) experienced a drop of $9.27 million in net outflows, closely trailing the ARK 21Shares Bitcoin ETF (ARKB), which saw $8.65 million in outflows. Lastly, the VanEck Bitcoin ETF (HODL) recorded a modest $4.77 million in net outflows.
Did you find this article useful?
