Bitcoin ETFs Shed 3,170 BTC as Ethereum Funds Log 37,959 ETH Inflow, Third Week Running

Spot Bitcoin ETFs shed roughly 3,170 BTC over the past week, worth about $200 million at current prices, while spot Ethereum ETFs pulled in 37,959 ETH over the same span. It is the third consecutive week of net inflows for Ethereum funds, marking a clear divergence in institutional demand between the two largest crypto asset classes.

The split is stark: Bitcoin products are bleeding capital week over week, while Ethereum vehicles keep stacking coins. Data tracked across both flow sets shows BlackRock’s iShares Ethereum Trust, ETHA, absorbing nearly all of the net ETH inflow, making it the dominant single vehicle behind the rotation.

What the numbers show

A weekly outflow of 3,170 BTC from Bitcoin ETFs against a 37,959 ETH inflow into Ethereum ETFs is not a marginal gap — it points to active reallocation rather than simple market drift. Bitcoin funds have now posted redemptions in back-to-back weeks even as the broader market has been choppy, while Ethereum funds have logged inflows in each of the last three weeks.

The concentration of Ethereum demand in a single issuer is notable. With ETHA capturing nearly the entirety of the net ETH inflow, the rotation looks less like broad-based retail buying and more like a handful of large allocators — likely institutional desks or wealth platforms using BlackRock’s fund as their preferred access point — repositioning toward ETH.

Why the rotation matters for holders

For Bitcoin ETF holders, sustained outflows mean net selling pressure on the underlying asset that custodians must unwind, which can weigh on spot BTC even when broader sentiment is neutral. Redemptions of this size, repeated week after week, also signal that some large holders are trimming exposure rather than merely rebalancing within crypto.

For Ethereum, a third straight week of inflows — with BlackRock’s ETHA doing most of the work — suggests institutional allocators are treating ETH as the preferred exposure right now, whether for yield-related narratives, staking-adjacent products, or simple relative-value positioning against Bitcoin. Traders watching ETF flow data should treat this divergence as a signal of where marginal institutional dollars are currently going, not as a guarantee that the trend continues.

Neither flow series alone determines price, but sustained divergence of this magnitude — thousands of BTC leaving funds while tens of thousands of ETH enter them — is the kind of data point that traders and long-term holders alike use to gauge whether institutional conviction is shifting between the two largest crypto assets.

Read more: Morgan Stanley’s ETH, SOL ETFs Debut at 0.14% Fee, Cheapest in Either Category

Sources

• cryptonews.com
• beincrypto.com