- U.S. spot Bitcoin ETFs command $94.51 billion in net assets or 5.59% of BTC’s market cap.
- Ethereum is trading at $1,584, down 47% over the past year.
- U.S. spot Ethereum ETFs hold $5.27 billion in net assets or 2.76% of ETH’s market cap.
U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) remain under pressure as crypto and traditional markets continue to adjust to ever-shifting global economic and trade conditions.
Today, BTC funds pull through with positive inflows, and ETH funds see neutral flows despite the Ethereum trading down almost 50% over the past year.
Bitcoin ETFs
As per data from SoSoValue, spot BTC ETFs pulled $107.83 million in daily total net inflows on April 17, 2025, nearly reversing the $169.87 million in net outflows the day prior.
The leading fund, BlackRock’s iShares Bitcoin Trust (IBIT), garnered a solid $80.96 million in net inflows, raising its cumulative net inflow total to $39.75 billion. The top-performing BTC ETF has now amassed $48.61 billion in net assets, representing 2.88% of BTC’s market cap.
Fidelity’s Wise Origin Bitcoin Fund (FBTC), the second-best-performing fund amongst the BTC competition, pulled a modest $25.9 million, bringing its cumulative net inflows to $11.28 billion and net assets to $16.5 billion.
Finally, the Hasdex Bitcoin ETF, which began trading a few months after the initial January 2024 launches, has seen its second day of inflows, bagging a humble $965,510. This brings its cumulative net inflows to $2.13 million, with $14.48 million in net assets.
Ethereum ETFs
As per SoSoValue, Ethereum ETFs have posted a rare day of neutrality, with zero daily total net flows in either direction.
Despite all funds seeing neutral flows, the week’s net total outflows currently stand at $32.17 million, bringing the month’s total exits to $170.99 million so far.
The downturn began in January 2025 after the market pulled in over $3 billion in net inflows across November and December 2024. Then, the market downturn tested investors, who began steadily pulling out.
The outflow pace increased in February as ETH’s price tumbled below $3,000. By the end of March, ETH was trading under $2,000. Today, it’s trading at $1,590.
It appears that ETF investors aren’t interested in bagging up ETH at its current discount, further reinforcing the narrative that ETH has wildly underperformed over the past year.
