Spot Ethereum ETFs have now seen two straight weeks of outflows, signaling cooling investor interest after several months of strong inflows earlier in the year.
According to data from SoSoValue, Ether ETFs posted $243.9 million in net redemptions for the week ending Friday, following $311 million in outflows the previous week.
Ether Outflows Deepen
The total cumulative inflows across all Ethereum ETFs now stand at $14.35 billion, with combined assets of $26.39 billion — representing about 5.55% of Ethereum’s market capitalization.
Friday alone saw $93.6 million in net outflows, led by BlackRock’s ETHA ETF, which recorded $100.99 million in withdrawals.
Grayscale’s ETHE and Bitwise’s ETHW funds, however, managed small inflows.
Bitcoin ETFs Regain Investor Momentum
While Ether funds struggled, Bitcoin ETFs saw renewed strength.
Spot Bitcoin ETFs recorded $446 million in net inflows during the same week, bringing total inflows to $61.98 billion.
That represents total net assets of nearly $150 billion, or 6.78% of Bitcoin’s total market value.
On Friday, inflows reached $90.6 million, led by BlackRock’s iShares Bitcoin Trust (IBIT) with $32.68 million and Fidelity’s FBTC with $57.92 million.
Both remain dominant in the market, with IBIT holding $89.17 billion in assets and FBTC $22.84 billion.
Market Analysts Point to Bitcoin Rotation
Vincent Liu, chief investment officer at Kronos Research, told Cointelegraph that the current ETF flows show a “strong rotation into Bitcoin” as investors favor the digital gold narrative.
He added that Bitcoin’s resilience and perceived store-of-value status are attracting institutional capital during a time of global uncertainty and anticipated interest rate cuts.
Meanwhile, Ethereum’s outflows highlight fading demand and weaker on-chain activity, with many investors waiting for new catalysts before re-entering.
Liu expects Bitcoin inflows to remain robust next week, while Ethereum may need a boost in network activity or new product launches to regain attention.
