BTC cools off post-ATH, while ETH ETFs dominate with record-breaking inflows.


The crypto ETF market just experienced a seismic shift. After a powerful rally that pushed Bitcoin (BTC)$BTC

to a new all-time high above $123,000, investor sentiment took a sudden turn. BTC has since pulled back to the $117,000–$118,000 range, prompting the first net outflow from U.S. spot Bitcoin ETFs in nearly two weeks.


BTC ETF Inflows Interrupted


According to Farside Investors, the 13-day streak of net inflows into U.S.-listed spot Bitcoin ETFs ended yesterday, with $131.4 million in outflows—a significant shift in momentum.


Here’s a breakdown of the largest outflows:




  • ARK Invest’s ARKB: ‑$77.5M



  • Grayscale’s GBTC: ‑$36.7M



  • Fidelity’s FBTC: ‑$12.8M



  • VanEck’s HODL: ‑$2.5M



  • Bitwise’s BITB: ‑$1.91M


Meanwhile, several ETFs including BlackRock’s IBIT, Invesco’s BTCO, and Franklin’s EZBC reported zero net flows, signaling a pause in new allocations as BTC cools off.


Ethereum ETFs on Fire


While Bitcoin ETFs stumbled, Ethereum (ETH) spot ETFs surged to record highs. Net inflows hit $298.06 million in a single day—the highest since launch—marking a clear divergence in investor preference.


Leading the ETH ETF inflows:




  • Fidelity’s FETH: +$126.9M



  • BlackRock’s ETHA: +$102M



  • Grayscale’s ETHE: +$54.9M



  • Bitwise’s ETHW: +$13.1M


Only 21Shares’ CETH saw minor outflows of $0.4M, while the rest of the ETH ETFs held steady.


This surge pushes total ETH ETF inflows to $3.53 billion over the past 12 trading days, with Ethereum ETFs outpacing Bitcoin ETFs in daily volume for several consecutive sessions.


What’s Driving the Divergence?


Analysts point to a rotation narrative where institutions, after heavy BTC exposure, are now diversifying into Ethereum. With Ethereum’s staking model, DeFi ecosystem, and upcoming protocol upgrades, ETH is being seen as a growth asset, while BTC remains the macro hedge.



“This isn't bearish for Bitcoin—it's healthy rotation. Institutions are looking to balance risk between BTC and ETH,” noted a market strategist on X.



Bottom Line: As Bitcoin ETFs experience a brief cooling period post-ATH, Ethereum ETFs are gaining steam with historic inflows. The balance between BTC’s consolidation and ETH’s momentum could define ETF flows in the weeks ahead.#BTCvsETH #ETHBreaks3700 #StrategyBTCPurchase