Bitcoin ETF outflows point to shifting sentiment: Is Ethereum set to gain?

• Bitcoin ETF outflows gained traction, while Ethereum ETFs saw renewed investor interest.
• Ethereum’s market momentum fueled speculation of an upcoming flippening against Bitcoin.

The crypto market remains highly volatile, with sharp fluctuations defining its trajectory.

Despite a 3.96% uptick in the global crypto market cap to $2.73 trillion, the market was in a downturn just a day prior.

This turbulence extends to the ETF landscape as well—according to Farside Investors, spot Bitcoin [BTC] ETFs recorded significant outflows of $60.6 million on the 31st of March, while spot Ethereum [ETH] ETFs saw inflows of $6.4 million.

Such contrasting movements highlight the uncertainty surrounding crypto assets, with investors navigating an ever-shifting landscape of gains and losses.

Bitcoin ETF vs. Ethereum ETF, analyzed

That being said, a closer examination of BTC and ETH ETF movements reveals stark differences in investor sentiment.

Bitcoin ETFs faced significant outflows, with WisdomTree’s BTCW leading the decline at $32.6 million, followed by Ark’s 21Shares ARKB with $23.2 million and Bitwise’s BITB with $19.9 million in outflows.

The only exception was BlackRock’s IBIT, which recorded $15.1 million in inflows, while other ETFs remained stagnant.

Meanwhile, Ethereum ETFs saw inflows solely from Fidelity’s FETH, which gained $6.4 million, while all other ETH ETFs reported zero movement.

This divergence suggests a shift in investor confidence, with Ethereum attracting renewed interest despite Bitcoin’s dominance.

Will ETH flip BTC?

In the meantime, Bitcoin was trading at $84,237.68, marking a 3.27% increase in the past 24 hours, while Ethereum outperformed with a 5.19% rise, reaching $1,882.33.

Just a week ago, following the Federal Open Market Committee (FOMC) meeting, both assets successfully reclaimed key resistance levels despite concerns over a slowing economy.

This resurgence has fueled speculation about Ethereum’s potential to outpace Bitcoin, particularly as ETH/BTC hovers near a five-year low.

Remarking on the same, an X user named DappPunk put it best when he said, 

“It may not seem clear now, but if crypto succeeds ETH will still flip BTC.”  

Hence, with shifting investor sentiment and ETF flows reflecting a growing interest in Ethereum, the market now watches closely to see if ETH can stage a stronger recovery in the upcoming cycle.