ETH: Summary of Discussions in the WEB3 Community (12:00:06 ~ 13:00:06)

[Analysis and Material Extraction] Yesterday, US Bitcoin spot ETFs saw a net inflow of $457.3 million, primarily into BlackRock's IBIT ($111.2 million) and Fidelity's FBTC ($391.5 million). However, Bitwise BITB and ARK ARKB experienced net outflows, indicating some funds were flowing out of Bitcoin ETFs. Meanwhile, US Ethereum spot ETFs saw a net outflow of $22.4 million, mainly from BlackRock's ETHA ($-$19.6 million) and Fidelity's FETH ($-$2.8 million). This fund flow reflects short-term outflow pressure on ETH-related ETF products. [src: @熬鹰WEB3, 2025-12-18 12:55:32/#1511202；ref: window] The net outflow of $22.4 million from US Ethereum spot ETFs may trigger short-term ETH liquidity tightness, weakening investor demand for ETH spot ETFs. [src: @熬鹰WEB3, 2025-12-18 12:55:32/#1511202；ref: window] Both Fidelity and BlackRock's Ethereum spot ETFs saw net outflows, indicating a shift in the allocation of funds by mainstream institutional investors in ETH-related assets, which may affect ETH market sentiment in the short term. Bitcoin spot ETFs saw strong net inflows, especially Fidelity's FBTC, which absorbed a large amount of funds. This may attract some funds outflows from ETH and other digital assets, reflecting a relative shift in market fund preferences. [src: @熬鹰WEB3, 2025-12-18 12:55:32/#1511202；ref: window] The net outflows from BlackRock ETHA and Fidelity FETH, combined with the overall performance of Ethereum ETFs, indicate that ETH-related ETFs are facing selling pressure in the short term, suggesting a cautious market attitude towards ETH assets. [src: @熬鹰WEB3, 2025-12-18 12:55:32/#1511202；ref: window] In ETF fund flows, Bitwise BITB and ARK ARKB both experienced net outflows, reflecting some institutional investors withdrawing funds from Bitcoin ETFs. However, the overall Bitcoin ETF market maintained a net inflow, indicating a complex fund flow structure. [src: @熬鹰WEB3, 2025-12-18 12:55:32/#1511202；ref: window] Yesterday's fund flows showed a contrast between outflows from Ethereum spot ETFs and inflows from Bitcoin spot ETFs, potentially suggesting a short-term redistribution of market funds between BTC and ETH. [src: @熬鹰WEB3, 2025-12-18 12:55:32/#1511202；ref: window]