Key points to remember:
- Bitcoin ETF saw outflows of $291.11 million led by Fidelity FBTC, signaling renewed caution.
- Ether ETFs gained $9.44 million as ETH transactions increased 41% to 3.6 million, suggesting growing activity.
- XRP added $1.46 million while Solana experienced no flow, suggesting selective demand for altcoin ETFs.
The ether attracts the flows while Bitcoin Starts the new week in the red
The week opened on uneven ground. The momentum, so evident just days ago, quickly gave way to renewed selling pressure on Bitcoin ETFs, even as other segments of the market showed resilience.
Bitcoin spot ETFs saw net outflows of $291.11 million, marking one of the largest single-day withdrawals in recent sessions. The underlying flow was mixed, but the imbalance was decisive.
Blackrock’s IBIT managed to attract $34.70 million in inflows, while Bitwise’s BITB and Morgan Stanley’s MSBT added $11.88 million and $6.28 million each. Yet those gains were outpaced by large buybacks elsewhere. Fidelity’s FBTC led the exodus with a strong outflow of $229.22 million, followed by Ark & 21shares’ ARKB with $62.89 million. Grayscale’s GBTC lost $38.25 million, with additional outflows from its Bitcoin Mini Trust at $11.03 million and Vaneck’s HODL at $2.58 million.
Business activity remained robust at $2.44 billion, with net assets standing at $94.51 billion. The scale of the exits suggests an institutional repositioning rather than a complete withdrawal.
Ether ETFs, on the other hand, have moved into positive territory. The group recorded $9.44 million in net revenue, although the journey has been far from smooth. Blackrock ETHA and 21Shares TETH saw outflows of $4.07 million and $1.35 million, respectively.
These factors were offset by continued flows into other products. Blackrock’s ETHB added $5.78 million, Grayscale’s Ether Mini Trust contributed $5.15 million, and Fidelity’s FETH contributed $3.93 million. Trading volume stood at $831.08 million, with net assets closing at $12.98 billion.
Notably, activity on the Ethereum network itself is accelerating. Daily transactions jumped 41% week over week to around 3.6 million, according to Artemis data, indicating a sharp increase from 2.5 million a few days earlier. The divergence between on-chain activity and ETF flows suggests investors are still considering how to position exposure.
XRP ETFs rose, seeing a modest inflow of $1.46 million driven entirely by Franklin’s XRPZ. Trading volume reached $26.30 million, with net assets closing at $959.40 million.
Solana ETFs remained inactive and no trading activity was recorded. Net assets remained stable at $812.25 million, reflecting a continued pause in investor engagement.
The broader picture is one of divergence. Bitcoin is facing renewed selling pressure despite pockets of demand, while Ether is showing early signs of stabilization. Small assets remain inconsistent, with activity either minimal or selective, as the week begins with caution returning to the fore.
