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Ethereum ETFs Record Second Consecutive Week of Outflows
Spot Ethereum exchange-traded funds (ETFs) have recorded their second consecutive week of outflows amid cooling investor sentiment following months of steady inflows.
According to data from SoSoValue, Ether-based products saw a net outflow of $243.9 million for the week ending Friday. The previous week recorded an outflow of $311 million.
These figures bring the total net inflows into all spot Ether ETFs to $14.35 billion, with total net assets reaching $26.39 billion, representing about 5.55% of Ethereum’s market capitalization.
On Friday alone, funds reported outflows of $93.6 million. BlackRock’s ETHA ETF led the withdrawals with $100.99 million in outflows, while Grayscale’s ETHE and Bitwise’s ETHW posted small inflows.
Spot Bitcoin ETFs Regain Strength
Meanwhile, spot Bitcoin ETFs showed renewed strength this week, recording a net inflow of $446 million as institutional investors returned to the market, according to SoSoValue.
On Friday, Bitcoin funds attracted an additional $90.6 million, bringing total inflows to $61.98 billion and total net assets to $149.96 billion, representing 6.78% of Bitcoin’s market capitalization.
BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows with $32.68 million, followed by Fidelity’s FBTC, which added $57.92 million. Both funds maintain dominant positions: IBIT manages $89.17 billion in assets, while FBTC holds $22.84 billion.
Bitcoin ETF Inflows Rise Amid Cooling Demand for Ether
According to Vincent Liu, Chief Investment Officer at Kronos Research, current ETF flows indicate a “strong shift” toward Bitcoin, as investors increasingly embrace the “digital gold” narrative and view BTC as a store of value.
Liu explained that renewed confidence in Bitcoin reflects broader market sentiment favoring assets seen as resilient amid global uncertainty and expectations of upcoming interest rate cuts.
At the same time, the continued outflows from Ether ETFs highlight declining demand and weaker on-chain activity, as institutional investors await new catalysts before re-entering the market.
Looking ahead to next week, Liu expects continued strong inflows into BTC, as traders position themselves ahead of a potential macroeconomic boost from looser monetary policy. He added that Ether and other altcoins are likely to recover only if network activity increases or new growth catalysts emerge.
See also: "Reasons Behind Bitcoin’s Continued Growth Revealed"
