Spot Bitcoin ETFs logged $170 million in net inflows, while their Ether counterparts shed $11.4 million on the same day. When the Bitcoin products absorb inflows while the Ether products shed assets, that is not a coincidence. A brief history of how we got hereUS spot Bitcoin ETFs launched in January 2024, after years of SEC rejections. Spot Ether ETFs followed later in 2024. Ether ETFs have been more reactive to macroeconomic conditions and price volatility in the broader crypto market.