Here's the Huge Difference Between Bitcoin ETFs and Ethereum ETFs

It's been almost three months since the launch of exchange-traded funds tracking the performance of the second-largest cryptocurrency, and CryptoQuant decided to look at the differences between their entries compared to data from the early days of btc ETFs.

The numbers don't lie and clearly rule in favor of btc.

ETF battle between btc and eth

Although the long-awaited bull run in this halving year has yet to occur, 2024 will go down in the history books as the one in which two cryptocurrencies received massive validation from US regulators by having their own ETFs. Naturally, bitcoin led the pack, and 11 of those funds saw the light of day in mid-January after more than a decade of rejections by the US Securities and Exchange Commission.

ethereum's path was similar, and perhaps faced a few more obstacles in the end. However, at the end of July seven of these financial vehicles were launched.

The similarities end here, as investor perception and behavior towards the two assets have been completely different. CryptoQuant data from the first 79 days after the respective ETF launches confirms the above cryptopotato reports that demand for ethereum is lacking, while interest in bitcoin was (and sometimes still is) substantial.

In the first few months of trading, eth ETFs recorded over $4 billion in net outflows. The same time period for btc ETFs shows net inflows of over $29 billion.

<blockquote class="twitter-tweet”>

He twitter.com/hashtag/ethereum?src=hash&ref_src=twsrc%5Etfw” data-wpel-link=”external” target=”_blank”>#ethereum The ETF is showing signs of weak demand, with capital outflows observed, while the twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw” data-wpel-link=”external” target=”_blank”>#bitcoin The ETF has seen significant inflows.

After 79 days of ETF trading:twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw” data-wpel-link=”external” target=”_blank”>$btc ETF Flow: +$29.1 billiontwitter.com/search?q=%24ETH&src=ctag&ref_src=twsrc%5Etfw” data-wpel-link=”external” target=”_blank”>$eth ETF Flow: -$4.1 billion pic.twitter.com/b9ss5tUuA0

– CryptoQuant.com (@cryptoquant_com) twitter.com/cryptoquant_com/status/1844270218379657374?ref_src=twsrc%5Etfw” data-wpel-link=”external” target=”_blank”>October 10, 2024

eth price evolution against btc

ethereum spot ETFs were launched on July 23 and the price of the underlying asset stood at around $3,500 that day. Since then, it has lost over a thousand dollars and now sits below $2,400, representing a 32% drop in the aforementioned 79 trading days.

The btc price was trading at around $47,000 on the day of the ETF's launch (January 11) and faced immense volatility immediately. However, it shot up to a new all-time high of $73,800 in two months, and although it had retreated on the 79th day of trading (May 3), it still stood at around $60,000.

This means that the largest cryptocurrency had gained around 28% of its value in the first 79 days of ETF trading in the United States, while the products attracted more than $29 billion in net inflows. And, as mentioned above, the picture around ethereum ETFs is quite the opposite.

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