Bitcoin ETFs Lead Institutional Flows as Ethereum Funds Face Heavy Outflows

• Bitcoin ETFs gained 6,324 BTC in one day showing strong institutional inflows.
• Ethereum ETFs lost 117,241 ETH weekly despite selective gains in BlackRock and 21Shares funds.
• Diverging flows highlight Bitcoin’s growing demand while Ethereum products face continued redemptions.

Bitcoin ETFs recorded strong inflows while Ethereum ETFs experienced major redemptions, according to September 11 data compiled by Lookonchain. Institutional allocations into Bitcoin products added billions in value, while Ethereum funds faced persistent withdrawals despite isolated gains in select vehicles. The differing flows displayed diverging sentiment between the two largest cryptocurrencies in the exchange-traded fund market.

Bitcoin ETFs Record Strong Daily and Weekly Inflows

Bitcoin ETFs reported net inflows of 6,324 BTC in a single day, equal to $724.56 million. Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the market, securing 2,638 BTC valued at $302.23 million. Fidelity’s total Bitcoin ETF holdings now stand at 203,206 BTC, representing $23.28 billion in assets under management.

The iShares Bitcoin Trust (IBIT) followed with 1,862 BTC in daily inflows and 4,106 BTC across the week. ARK 21Shares Bitcoin ETF (ARKB) added 1,471 BTC in daily gains, while Bitwise and VanEck reported smaller increases. Valkyrie’s Bitcoin Fund (BRRR) showed a marginal outflow of 10 BTC but still retained weekly net inflows of 82 BTC.

​​Grayscale’s Bitcoin Trust (GBTC) and Bitcoin Mini Trust continued to lose assets, with GBTC showing a one-day outflow of 978 BTC and weekly redemptions surpassing 3,600 BTC. Despite this, total Bitcoin ETF inflows reached 6,259 BTC over the week, underlining steady institutional participation.

Ethereum ETFs Struggle With Large Withdrawals

Ethereum ETFs recorded a combined daily outflow of 29,272 ETH and weekly withdrawals totaling 117,241 ETH. Fidelity’s Ethereum Fund (FETH) posted the largest losses, shedding 11,480 ETH in a single day and more than 30,000 ETH during the week. The Grayscale Ethereum Trust (ETHE) also registered significant redemptions, reporting a weekly outflow of 16,419 ETH.

Source: Lookonchain

In contrast, BlackRock’s iShares Ethereum Trust (ETHA) recorded substantial inflows of 17,423 ETH daily, worth $76.39 million, and 54,428 ETH for the week. The 21Shares Ethereum ETF (CETH) posted smaller gains, with 34 ETH in daily inflows and 1,153 ETH across seven days. However, these additions were not enough to offset broader selling pressure across the Ethereum ETF market.

Diverging Institutional Trends

Bitcoin ETFs now collectively hold more than 1.3 million BTC, while Ethereum ETFs manage 3,688,553 ETH, equal to $16.34 billion. Recent trading activity shows Bitcoin products gaining consistent allocations, contrasting with Ethereum funds that continue to face outflows.

The latest flows point to changing institutional demand between the two assets. While Bitcoin ETFs remain a preferred vehicle for exposure, Ethereum ETFs continue to encounter challenges despite isolated signs of accumulation in specific funds.