According to Lookonchain, on May 9, the net flow for 10 Bitcoin ETFs was +1,382 BTC, equating to $142.46 million in inflows. Notably, iShares (BlackRock) contributed 682 BTC ($70.26 million) to these inflows and now holds 621,600 BTC ($64.07 billion). In contrast, 9 Ethereum ETFs experienced a net outflow of 9,120 ETH ($21 million), with Fidelity alone accounting for 9,242 ETH ($21.28 million) in outflows. Fidelity now holds 404,163 ETH. These ETF net flow trends indicate that institutional confidence in Bitcoin remains strong, potentially supporting near-term bullish sentiment for BTC prices, while Ethereum may face downward pressure due to persistent outflows. (Source: Lookonchain on Twitter)

According to Crypto Rover, Ethereum has significantly underperformed compared to other major cryptocurrencies this cycle, leading many traders to overlook its potential. However, the thread highlights several trading-relevant factors suggesting a possible change in ETH’s trajectory, including upcoming network upgrades, potential ETF approvals, and increasing institutional interest (source: Crypto Rover, Twitter, May 6, 2025). These developments could improve ETH’s liquidity and price stability, making it a strategic asset for traders seeking exposure to large-cap altcoins as market sentiment shifts.