BlackRock’s Ethereum ETF significantly outperforms the Bitcoin ETF

Accordingly Data BlackRock’s Ethereum (ETH) exchange-traded fund, powered by SoSoValue, attracted nearly $44 million in inflows on Tuesday.

The iShares Ethereum Trust ETF (ETHA) now has net assets of $3.65 billion.

For comparison, the iShares Bitcoin Trust ETF (IBIT) saw significant outflows of $188 million.

In total, Bitcoin ETFs lost a whopping $338 million on Tuesday. The Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) saw outflows worth $83.16 million and $75 million, respectively.

Bitwise Bitcoin ETF (BITB) is the only ETF product in the green with $8.5 million worth of inflows. The company’s Ethereum ETH is also in the green with inflows worth around $6 million.

“Grateful as ever to the investors who have chosen Bitwise to manage their assets in this space. We are excited about the journey ahead,” said Hunter Horsley, CEO of Bitwise.

Of course, when analyzing the latest ETF data, you shouldn’t ignore the forest for the trees. Despite its recent underperformance, BlackRock’s Spot Bitcoin ETF is still a hugely successful product that will likely be considered the biggest cryptocurrency story of the year. In total, IBIT has attracted nearly $54 billion in net assets in less than a year.

As reported by U.Today, Bitwise predicted that total Bitcoin ETF inflows this year could exceed those recorded in 2024. This would be an incredible achievement for products that are already considered a huge success.

Recently, Bitcoin ETFs surpassed Satoshi by the total amount of Bitcoin. However, it is difficult to estimate how many coins the creator of the original cryptocurrency actually owns.