Ethereum Spot ETFs End Inflow Streak as Institutional Demand Shifts Back to Bitcoin
US spot Ethereum ETFs snapped a seven-day $850 million inflow streak with $2.81 million in net outflows as BlackRock product redemptions led a momentum cool-off. Meanwhile, spot Bitcoin funds extended their nine-day buying spree past $3 billion, highlighting a widening split in institutional conviction. The abrupt pause in Ether fund flows signals that ETF accumulation alone cannot shield prices from spot market selling pressure.
The seven-day accumulation run for US spot Ethereum funds came to an abrupt end as institutional buyers stepped back, posting $2.81 million in net daily redemptions. BlackRock's ETHA drove the reversal with $8.94 million in outflows, offsetting steady demand in Grayscale's lower-fee product. The sudden pause signals momentum fatigue after institutional products absorbed over $850 million during the previous week.
The divergence between crypto's top two assets is widening. While Ether product flows flipped negative, spot Bitcoin funds extended their nine-day buying streak with $66.19 million in fresh inflows, bringing total multi-session allocations past $3 billion. This asset rotation underscores how institutional capital prioritizes Bitcoin's macro hedge narrative during broader market drawdowns.
Crucially, spot ETF inflows have failed to transmit positive price momentum into the underlying assets, with both Ether and Bitcoin sliding over three percent across the week. For traders, this decoupling reveals that institutional fund allocations are currently being absorbed by persistent spot exchange liquidations and off-exchange hedging, leaving spot order books vulnerable until broader leverage clears out.