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Bitcoin ETFs See Outflows as Ethereum Funds Keep Pulling In

Bitcoin ETFs posted net outflows, with BlackRock's IBIT doing most of the damage. Ethereum funds, led by BlackRock's ETHA, attracted the bulk of new money instead.

By Zenz van der Wielen
• 2 min read
Bitcoin ETFs See Outflows as Ethereum Funds Keep Pulling In

Key Takeaways

  • Bitcoin ETFs recorded a net outflow of 3,170 BTC, driven mainly by withdrawals from BlackRock's iShares Bitcoin Trust.
  • Ethereum funds brought in 37,959 ETH, with BlackRock's ETHA accounting for most of the inflows.
  • The data suggests institutional money is currently favoring ether over Bitcoin.

Bitcoin ETFs once again highlighted the gap between the two largest cryptos last week. Funds linked to Bitcoin saw a net outflow of 3,170 BTC, while Ethereum funds pulled in 37,959 ETH. For now, that points to institutional capital leaning more toward ether than Bitcoin.

Bitcoin Funds Stay Under Pressure

BlackRock's iShares Bitcoin Trust, the largest spot Bitcoin ETF, was the main source of weakness in the group. IBIT alone lost 3,511 BTC over the seven-day period, which was more than the category's total net outflow. Grayscale's Bitcoin funds were down 10 BTC, and Bitwise's BITB gave up another 27 BTC.

A few smaller inflows helped soften the blow. Fidelity's FBTC added 109 BTC, while ARK 21Shares' ARKB brought in 77 BTC. Even with the ETF outflows, Bitcoin traded near $63,900 (€56,200), about 4% higher on the week. The category is still working through a long stretch of heavy redemptions and has recovered only 3.3% of the $8.2 billion (€7.2 billion) that left in mid-July.

Ethereum Pulls In More Capital

Ethereum, meanwhile, continued to draw in fresh money. Ethereum ETFs saw inflows of 37,959 ETH over the week, and BlackRock's ETHA was responsible for the overwhelming majority at 37,424 ETH. Grayscale's ETH products added 5,515 ETH, while Fidelity's FETH saw outflows of 4,980 ETH.

Since launching on June 24, 2024, ETHA has become one of the most important products in the category. On July 27, 2026, the fund reported a net asset value of $5.62 billion (€4.9 billion). That underscores how quickly demand for spot Ethereum products has grown, even though Bitcoin ETFs still dominate on size with $76.22 billion (€67.1 billion) in total market value, compared with $9.72 billion (€8.6 billion) for Ethereum.

The latest inflows also fit into a wider market shift. New offerings such as lower-cost Ethereum ETFs are adding more competition and helping push this segment forward.

Why This Matters

For European crypto readers, the split is a reminder of how fast institutional preferences can change inside the crypto market. If Ethereum ETFs and ETH treasury strategies keep attracting capital, that could shape how professional investors think about crypto as an asset class. It is too early to call it a lasting trend, but the current data does show stronger demand for ether than for Bitcoin in the ETF market.

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