All green days for Bitcoin, but not for Ethereum

US spot Bitcoin ETFs enjoyed a very positive week, with each trading day ending with net inflows of millions and even billions of dollars.

In stark contrast, Ethereum’s counterparts ended the same five-day trading period in red territory.

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It has been nothing less than a spectacular run for the price of BTC as well as entries into Bitcoin ETFs on the spot in the US following Donald Trump’s decisive victory in the 2024 presidential election. The past week of trading was not different, though it got off to a bit of a slow start on Monday with a modest $254.8 million in admissions.

However, things picked up on Tuesday with $829.5 million, another $773.4 million on Wednesday and $490.3 million on Friday. Oh, let’s not forget Thursday’s whopping $1.005.1 billion. That puts the total for the week at $3.353.1 billion, according to Farside.

BlackRock’s IBIT, the world’s largest Bitcoin ETF, was expected to lead these substantial inflows on most days. IBIT attracted more than $500 million on three separate occasions: Wednesday, Thursday and Friday. Thus, its total AUM has soared to over $31 billion.

Fidelity’s FBTC also saw impressive inflows of $256.1 million on Tuesday and just over $300 million on Thursday. Ark Invest’s ARKB had its best day on Tuesday, with $267.3 million in net inflows.

Within this very positive week for ETFs, the price of BTC rose from around $90,000 on Monday to $99,825 (on Bitstamp) on Friday, coming within $200 of six-figure territory.

ETH ETFs suffer

Ethereum spot ETFs also had some pretty impressive trading days after the US election, marking their best week yet in the November 11-15 period. However, there were some warning signs at the end of the week, which only intensified in the following days.

In fact, ETH ETFs ended nearly every day in the past trading week in the red, with outflows of $39.1 million on Monday, $81.3 million on Tuesday, $30.3 million on Wednesday, and 9 million dollars on Thursday. The funds managed to break that losing streak, which actually extended to six consecutive days in the red, including the previous Thursday and Friday, November 22nd.

They attracted $91.3 million, with BlackRock’s ETHA leading the pack with $99.7 million, while Grayscale’s ETHE and ETH were in the red with $18.6 million and 0, 6 million dollars, respectively.

Overall, ETH funds ended the week with net outflows of $68.4 million. However, the price of ETH has risen a little over 10% in the past week and is now above $3,400.

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