Bitcoin funds attract $446 million as institutions rotate toward BTC’s ‘digital gold’ narrative
Spot Ether exchange-traded funds (ETFs) recorded a second consecutive week of outflows, signaling waning institutional appetite for Ethereum products after months of steady inflows.
According to data from SoSoValue, Ether-linked ETFs saw $243.9 million in net redemptions for the week ending Friday — following a $311 million outflow the previous week. The total cumulative inflows across all Ether spot ETFs now stand at $14.35 billion, with net assets worth $26.39 billion, representing 5.55% of Ethereum’s total market capitalization.
On Friday alone, Ether ETFs recorded $93.6 million in outflows, led by BlackRock’s ETHA, which saw $100.99 million withdrawn. Meanwhile, Grayscale’s ETHE and Bitwise’s ETHW posted modest inflows, partially offsetting broader redemptions.
Bitcoin ETFs See Renewed Strength
While Ethereum funds faced outflows, spot Bitcoin ETFs recorded a $446 million net inflow during the same week, highlighting a sharp contrast in investor sentiment. According to SoSoValue data, cumulative inflows into Bitcoin products have now reached $61.98 billion, with total net assets of $149.96 billion — roughly 6.78% of Bitcoin’s market cap.
BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the charge, adding $32.68 million and $57.92 million respectively on Friday. IBIT remains the largest Bitcoin ETF with $89.17 billion in assets, followed by FBTC at $22.84 billion.
Rotation Toward ‘Digital Gold’
Vincent Liu, chief investment officer at Kronos Research, told Cointelegraph that the current ETF trends reflect a “strong rotation into Bitcoin” as investors reaffirm confidence in BTC’s store-of-value narrative.
“Renewed confidence in Bitcoin reflects broader sentiment favoring resilient assets amid global uncertainty and expectations of rate cuts,” Liu said.
Ethereum’s persistent ETF outflows, on the other hand, signal cooling demand and weaker onchain activity, with institutional investors waiting for new catalysts before re-entering the market.
Looking ahead, Liu expects Bitcoin inflows to stay firm as traders position for a potential monetary easing cycle, while Ethereum and altcoins may recover only if network activity strengthens or fresh catalysts emerge.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.