Last week, Ethereum ETFs recorded a historic inflow of $2.85 billion, while Bitcoin ETFs attracted $548 million, highlighting a shift in institutional focus.
Record-Breaking Ethereum Inflows
Ethereum ETFs reached a new record with inflows of $2.85 billion for the week, largely driven by BlackRock's ETHA, which captured $2.32 billion. Other funds, including Fidelity's FETH and Grayscale's Ether Mini Trust, also saw asset increases. The largest daily inflows of Ethereum were recorded at $1.02 billion on August 11 and $729 million on August 13.
Bitcoin Inflows Fall Short
In contrast, Bitcoin ETFs attracted $548 million, with the most significant inflow from BlackRock’s IBIT at $887.82 million. However, funds such as Ark 21Shares' ARKB and Grayscale's GBTC faced substantial outflows in millions of dollars. None of the Bitcoin ETFs managed to exceed the $500 million inflow mark during the week.
On-Chain Data Snapshot
On-chain data highlights the competitive landscape: Ethereum ETFs logged a weekly net outflow of $196.62 million but saw total assets increase to $27.74 billion. Bitcoin's trading volume hit $116,313.99 with total asset escalation to $150.89 billion. This underscores the growing popularity of Ethereum as a preferred choice for institutional investors.
The inflows into Ethereum ETFs signal a growing interest among institutional players who view them as a more liquid and scalable investment option compared to Bitcoin.
