Bitcoin ETFs saw $390M in outflows last week while Ethereum ETF inflows paused after a five-week streak.
Macro & Markets ·
Bitcoin spot ETFs recorded nearly $390 million in outflows over the past week, with Monday marking the steepest single-day exit at $144.67 million. The pullback reversed a strong week in early August when the funds had seen over $850 million in inflows. Meanwhile, Ethereum ETFs halted a five-week streak of positive flows, posting modest net withdrawals of $2.26 million despite outperforming their Bitcoin counterparts in relative terms.
The divergence reflects shifting investor sentiment after a period of sustained buying pressure in cryptocurrency ETFs. BlackRock's IBIT holds the largest share of Bitcoin ETF assets at nearly $47 billion, trailed by Fidelity's FBTC and Grayscale's GBTC. Ethereum funds accumulated cumulative inflows that grew from under $10.90 billion to $11.46 billion during their five-week rally, though that momentum was interrupted in the most recent trading period.
Whether last week's outflows signal a temporary pullback or mark a reversal of the recovery momentum remains unclear. The performance of Bitcoin and Ethereum ETF flows in coming weeks will likely determine whether the late-summer surge in institutional interest proves sustainable or follows the withdrawal patterns that dominated earlier in the year.