Spot Ethereum exchange-traded funds in the U.S. have recorded over double the net inflows of their Bitcoin counterparts over the past week amid macroeconomic uncertainty triggered by U.S. President Trump’s tariffs.
According to data from SoSoValue, the nine spot Ethereum ETFs recorded $420.06 million in net inflows over the past week, marking the first time they have surpassed the net inflows of their Bitcoin counterparts over a weekly period.
Notably, ETH ETFs kicked off the week of Feb. 3–Feb. 7 with $83.54 million in inflows on Monday, but things really took off on Tuesday, jumping to $307.77 million after Eric Trump’s post: “It’s a great time to add ETH.” Right after, Ethereum skyrocketed over 35%, climbing from around $2,300 to over $2,900 in less than a day.
These investment products recorded a more modest $18.1 million inflow on Wednesday, as well as $10.7 million on Thursday. On Friday, none of the nine ETH ETFs saw any activity, ending the day with zero net inflows.
Analysts at Coinbase have linked the recent Ethereum ETF surge to growing interest in ETH for CME-basis trading over Bitcoin. This strategy involves going long on spot ETH while shorting futures to profit from price gaps. With CME ETH trades yielding 16% returns last week—compared to Bitcoin’s 10%— institutions seem to be favoring ETH for short-term plays.
The total net inflows into these spot Ethereum funds stood at $3.18 billion as of press time. Ethereum (ETH) was down 0.6%, exchanging hands at $2,646 per coin.
Meanwhile, the 12 spot Bitcoin ETFs, which recently celebrated their first anniversary, had a mixed week. On Monday, the first trading day after tariffs were imposed on China, Mexico, and Canada, investors withdrew $234.54 million, followed by another $140.3 million on Thursday.
Despite this, inflows on Tuesday with $340.82 million, Wednesday with $66.38 million, and Friday with $171.19 million helped offset the losses. By the end of the week, Bitcoin ETFs recorded $203.54 million in net inflows, nearly 63% lower than the $559.84 million from the previous week, as reported earlier by crypto news.
At press time, Bitcoin (BTC) was up 4.6% over the last seven days, trading at $97,150.
