Bitcoin ETFs Shed 3,170 BTC While Ethereum Funds Add 37,959 ETH

Bitcoin and Ethereum exchange-traded funds recorded divergent flows over the seven days ending July 28. Bitcoin ETFs shed 3,170 BTC while Ethereum ETFs added 37,959 ETH over the same stretch. BlackRock's ETHA fund drove most of the week's Ethereum inflows, while its IBIT fund accounted for most of Bitcoin's losses. The split points to growing institutional appetite for ether. Bitcoin ETFs are still climbing back from months of heavy outflows, having recovered just 3.3% of the $8.2 billion that left the category by mid-July.

BlackRock's IBIT Fund Loses 3,511 BTC Over Seven Days

The iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF, lost 3,511 BTC over the week. That alone topped the category's entire net decline of 3,170 BTC. Grayscale's Bitcoin funds fell another 10 BTC, and Bitwise's BITB lost 27 BTC.

Fidelity's FBTC and ARK 21Shares' ARKB offset some of the damage, adding 109 BTC and 77 BTC, respectively. Bitcoin trades near $63,900, up about 4% for the week even as the funds bleed.

Some inflows have returned to BTC ETFs, but they have not fully recovered. Image Source: CoinGlass

Bitcoin ETFs hold $76.22 billion in assets.

BlackRock's ETHA Fund Adds 37,424 ETH in Weekly Inflows

Ethereum ETFs pulled in 37,959 ETH over the week, and BlackRock's ETHA fund alone accounted for 37,424 ETH of that total. Grayscale's ETH products added 5,515 ETH, while Fidelity's FETH lost 4,980 ETH.

Ethereum funds notched a third straight weekly inflow through July 24. They pulled in $103.9 million, more than any other spot crypto ETF that week. Ethereum trades near $1,913, up roughly 1% for the week.

Ethereum ETFs hold $9.72 billion in assets. Wall Street's appetite for ether reaches beyond ETFs. BitMine's stock jumped 13% this week as investors rewarded its Ethereum treasury strategy, and SharpLink Gaming kept adding to its ETH holdings through the summer's volatility.

FAQ

How much Bitcoin did ETFs lose over the seven days ending July 28? Bitcoin ETFs shed 3,170 BTC over the seven days ending July 28. BlackRock's IBIT fund alone lost 3,511 BTC, which exceeded the category's total net decline.

How much Ethereum did ETFs gain over the same period? Ethereum ETFs added 37,959 ETH over the seven days ending July 28. BlackRock's ETHA fund accounted for 37,424 ETH of that total, and Grayscale's ETH products added 5,515 ETH.