Bitcoin ETFs experienced outflows this week, with funds recording a second consecutive day of withdrawals, according to market data. The trend marks a reversal from the previous week's inflows.
Ethereum ETFs ended a five-day streak of inflows with a single day of outflows, while still maintaining weekly net inflows for the third consecutive week, according to separate data sources covering different timeframes. Both Bitcoin and Ethereum ETFs extended their weekly inflow streaks to three weeks.
Bitcoin ETF weekly trading volume dropped to its lowest level since October 2024.
Ether funds have drawn nearly as much capital as Bitcoin ETFs over the past three weeks, despite holding about one-eighth as much in net assets, indicating demand for Ethereum exposure is disproportionately high relative to fund size.
Investors were cashing out of Bitcoin ETFs this week, while another ETF product received fresh cash. Although the initial report did not specify which product, subsequent data suggests Ethereum ETFs are the likely beneficiary.
The divergence in flows comes as Morgan Stanley Bitcoin ETF, which holds Nearly Notches in assets, continues to attract capital, contrasting with the outflows from Bitcoin funds.