Ethereum ETFs are bleeding out while Bitcoin ETFs are attracting money again

The outflow from American Ethereum (ETH) exchange funds continues. While Bitcoin (BTC) attracted new capital yesterday, another large amount disappeared from the funds with Ethereum. This means that the negative sequence now lasts almost a week and a half.

The US Ethereum ETFs recorded a net outflow of 202 million dollars yesterday, according to figures from Newsbit. A day earlier, about $51 million flowed out of the funds.

This was the sixth trading day in a row on which more money was withdrawn from the Ethereum funds than was put into them. Over that entire period, net outflow amounts to approximately $408 million.

Yesterday's outflow was also the largest on a single trading day since mid-September. This means that the demand for Ethereum via US stock exchange funds is clearly lagging behind for the time being.

At the same time, the Ethereum price is also under pressure. ETH lost about 5.1 percent in the past 24 hours and is trading around $2,570 at the time of writing.

In the case of Bitcoin, there was a recovery yesterday. The US Bitcoin ETFs collectively received $119 million in new capital. With that, the Bitcoin ETFs made up for Monday's outflow of 90 million dollars.

This happened while the Bitcoin price was falling sharply. Bitcoin was still around $86,600 yesterday. At the time of writing, the Bitcoin price is around 83,600 dollars. This means that the largest crypto coin has fallen in value by about 3.1 percent in the past 24 hours.

According to CryptoQuant analyst MorenoDV, the number of Bitcoin profits is increasing. The price is well above the estimated average purchase price of 68,900 dollars from active traders.

The results were also divided among the other crypto exchange funds. The US XRP funds saw an inflow of 3.1 million dollars yesterday, while Solana (SOL) saw an inflow of just 3.7 million dollars.