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ETF Inflows Return: Ethereum Defies Bitcoin Dip

Late Sunday night into Monday, Bitcoin looked set to make a strong rally toward Ethereum, pushing past $122,000.

By Mike Hesp
• 2 min read
ETF Inflows Return: Ethereum Defies Bitcoin Dip

Late Sunday night into Monday, Bitcoin looked set to make a strong rally toward Ethereum, pushing past $122,000. The party didn’t last long, though: BTC is now back under $119,000.

Ethereum, by contrast, managed to climb above $4,300 yesterday and held that level even as Bitcoin pulled back. The reason? A fresh surge in spot ETH ETFs. Just yesterday, more than $1 billion flowed into these funds — well above the previous daily record of $727 million. For comparison, the highest daily result for Bitcoin was $1.2 billion, only slightly higher.

BTC, meanwhile, finished the day with $179 million in inflows, clearly illustrating the current gap in investor sentiment. Ethereum expert Anthony Sassano View post on X summed it up crisply on X: “ETH ETFs had 5.5x more net inflow than BTC ETFs today. There’s a new sheriff in town.”

Ethereum’s relatively smaller market cap (about $516 billion vs. Bitcoin’s $2.36 trillion) magnifies the impact of this inflow. While institutions keep enlarging their ETH positions, CryptoQuant data show retail investors are selling. According to Leon Waidmann, Head of Research at OnchainHQ, that’s because many retail traders are finally breaking even after years of losses. “They’re hitting the sell button,” View post on XWaidmann. Still, he expects ETH to keep rising and says retail traders will be forced to re-enter if a new all-time high comes.

Meanwhile, the broader altcoin market is taking a beating. Fartcoin shed over 20% in 24 hours, Story Protocol’s IP-token fell 14%, and PENGU and BONK each dropped about 12%.

In traditional markets, US President Donald Trump added some relief: on Monday he signed an Executive Order delaying a new round of import tariffs against China by another 90 days. Those tariffs would have gone into effect today. Investors are now eyeing the latest US inflation data, with several key economic reports on the calendar in the coming days.

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