Bitcoin ETFs Bleed While Ethereum Funds Post Third Straight Weekly Inflow

Bitcoin (BTC) exchange-traded funds (ETFs) shed 3,170 BTC over the past seven days, all while Ethereum (ETH) ETFs added 37,959 ETH over the same stretch.

The split points to growing institutional appetite for ether. BlackRock's ETHA fund drove most of the week's Ethereum inflows, while its IBIT fund accounted for most of Bitcoin's losses.

Bitcoin Funds Retreat as Capital Looks Elsewhere

The iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF, lost 3,511 BTC over the week. That alone topped the category's entire net decline of 3,170 BTC. Grayscale's Bitcoin funds fell another 10 BTC, and Bitwise's BITB lost 27 BTC.

Fidelity's FBTC and ARK 21Shares' ARKB offset some of the damage, adding 109 BTC and 77 BTC, respectively. Bitcoin trades near $63,900, up about 4% for the week even as the funds bleed.

Bitcoin ETFs are still climbing back from months of heavy outflows. They have recovered just 3.3% of the $8.2 billion that left the category by mid-July.

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