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Bitcoin ETFs saw $291M outflows while Ethereum gained $9M
Bitcoin ETFs started the week with significant outflows, reversing last week’s trend. Ethereum ETFs showed moderate growth, while $XRP declined and activity around Solana stalled.
Key takeaways:
- Bitcoin ETFs recorded $291.11 million in outflows, led by Fidelity FBTC, signaling renewed caution;
- Ethereum ETFs added $9.44 million as $ETH transactions rose 41% to 3.6 million, indicating increased activity;
- $XRP gained $1.46 million, while Solana recorded no flows, reflecting selective demand for altcoin ETFs.
Ethereum attracts inflows as Bitcoin starts the week in the red
The week began unevenly. Momentum seen just days ago quickly gave way to renewed selling pressure in Bitcoin ETFs, even as other market segments showed resilience.
Spot Bitcoin ETFs recorded a sharp net outflow of $291.11 million — one of the largest single-day outflows in recent sessions. Flows were mixed, but the imbalance proved decisive.
BlackRock’s IBIT saw $34.70 million in inflows, while Bitwise’s BITB and Morgan Stanley’s MSBT added $11.88 million and $6.28 million respectively. However, these gains were outweighed by significant redemptions elsewhere. Fidelity’s FBTC led outflows with $229.22 million, followed by ARKB from Ark & 21Shares with $62.89 million. Grayscale’s GBTC lost $38.25 million, while its Bitcoin Mini Trust saw $11.03 million in outflows, and VanEck’s HODL lost $2.58 million.
Bitcoin ETF flows continue to fluctuate between inflows and outflows. Source: market data.
Trading activity remained high at $2.44 billion, with total net assets at $94.51 billion. The scale of outflows suggests institutional repositioning rather than a full exit from the market.
Ethereum ETFs, on the other hand, moved into positive territory, recording net inflows of $9.44 million despite uneven movement. BlackRock’s ETHA and 21Shares’ TETH saw outflows of $4.07 million and $1.35 million respectively.
These losses were offset by steady inflows into other products: BlackRock’s ETHB attracted $5.78 million, Grayscale’s Ether Mini Trust $5.15 million, and Fidelity’s FETH $3.93 million. Trading volume reached $831.08 million, with net assets at $12.98 billion.
Three consecutive days of inflows into Ethereum ETFs totaling $160 million. Source: market data.
Notably, activity on the Ethereum network is accelerating. According to Artemis, daily transactions rose 41% to approximately 3.6 million (up from around 2.5 million days earlier). The divergence between on-chain activity and ETF flows suggests investors are still deciding how to position themselves.
XRP ETFs posted a modest inflow of $1.46 million, entirely driven by Franklin’s XRPZ. Trading volume reached $26.30 million, with net assets at $959.40 million.
Solana ETFs remained inactive, with no trading activity recorded. Net assets stayed at $812.25 million, reflecting a continued pause in investor engagement.
Overall, the picture is mixed: Bitcoin faces renewed selling pressure, while Ethereum shows early signs of stabilization. Smaller assets remain unstable, with activity either minimal or selective as caution returns to the market.
