US-listed spot Bitcoin exchange-traded funds (ETFs) continued their positive momentum on May 12 (ET), recording net inflows of $5.1 million, marking the fourth consecutive day of net positive flows, market data showed. Bitcoin ETFs Record Inflows for Fourth Day in a Row, Ethereum Funds See Outflows In stark contrast, spot Ethereum ETFs faced sustained selling pressure and recorded a total net outflow of $17.59 million. Notably, none of the nine Ethereum ETFs recorded a net inflow during the session, highlighting waning investor demand despite recent optimism surrounding Ethereum’s ecosystem upgrades. Differential Sentiment Between BTC and ETH The difference in fund flows underscores a growing divergence in investor sentiment between the two leading cryptocurrencies. While Bitcoin continues to attract institutional interest, likely driven by macroeconomic tailwinds and its perceived status as a digital store of value, Ethereum appears to be facing near-term headwinds despite the successful rollout of its recent Pectra upgrade. Analysts note that this disparity could be due to volatility concerns, regulatory uncertainty, or capital rotation dynamics as Bitcoin continues to dominate the market’s risk-on environment. As Bitcoin ETFs continue their streak of inflows and Ethereum funds experience steady outflows, asset managers and market participants are closely watching to see if this trend signals a broader shift in allocation strategies or a temporary dislocation amid improving macroeconomic conditions. *This is not investment advice.