Bitcoin ETFs pull in $923M while Ether funds face redemptions
U.S. spot Ether exchange-traded funds recorded $243.9 million in outflows for the week ended Friday, marking a second consecutive week of redemptions. Spot Bitcoin ETFs attracted $923 million over the same period, according to SoSoValue.
The Ether outflows followed $311 million the prior week. On Friday alone, Ether funds saw $93.6 million in redemptions.
BlackRock’s ETHA posted the largest Friday withdrawals at $100.99 million. Grayscale’s ETHE and Bitwise’s ETHW logged small inflows. Across Ether spot ETFs, cumulative inflows stand at $53 billion, with net assets of $26.39 billion, equal to about 5.55% of Ethereum’s market value.
Bitcoin funds moved the other way. They added $292 million on Friday and $923 million for the week. The largest products by assets remain BlackRock’s iShares Bitcoin Trust at $89.17 billion and Fidelity’s Wise Origin Bitcoin Fund at $22.84 billion.
BlackRock’s ETHA posted the largest Friday withdrawals at $100.99 million. Grayscale’s ETHE and Bitwise’s ETHW logged small inflows. Across Ether spot ETFs, cumulative inflows stand at $53 billion, with net assets of $26.39 billion, equal to about 5.55% of Ethereum’s market value.
Bitcoin funds moved the other way. They added $292 million on Friday and $923 million for the week. The largest products by assets remain BlackRock’s iShares Bitcoin Trust at $89.17 billion and Fidelity’s Wise Origin Bitcoin Fund at $22.84 billion.
Vincent Liu, chief investment officer at Kronos Research, described a rotation into Bitcoin tied to its “digital gold” and store-of-value narrative. Liu pointed to softer demand for Ether and quieter onchain activity, with many institutions waiting for new catalysts. In his view, Bitcoin inflows could remain steady if monetary easing gains traction, and Ether may stabilize if network activity improves.
Spot crypto ETFs allow regulated exposure to digital assets without holding the tokens directly. After strong interest at launch, Ether spot funds have seen demand cool in recent weeks.
Outside the U.S., Hong Kong’s ETH spot cohort also recorded heavy redemptions during the month, a backdrop that may be reinforcing the U.S. rotation narrative in the near term as desks manage basis and liquidity across venues.
Spot crypto ETFs allow regulated exposure to digital assets without holding the tokens directly. After strong interest at launch, Ether spot funds have seen demand cool in recent weeks.
Outside the U.S., Hong Kong’s ETH spot cohort also recorded heavy redemptions during the month, a backdrop that may be reinforcing the U.S. rotation narrative in the near term as desks manage basis and liquidity across venues.
Author
Sebile Fane cut her teeth in blockchain by building tiny NFT experiments with friends in her living room, long before the buzzwords took hold. She’s driven by a curiosity for the human stories behind smart contracts — whether it’s a small-town artist minting her first token or a DAO voting on climate grants — and weaves technical insight with genuine empathy.
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