Bitcoin spot ETFs dumped $61.53 million last week. That's roughly 915 coins leaving investor wallets as prices hover near $62,730. The selling came hard from Fidelity and Grayscale, which together unloaded 2,017 BTC. Meanwhile Ethereum spot ETFs pulled in $27.42 million, or about 5,230 ETH, with BlackRock alone loading up 30,179 tokens at $1,845.
The split reveals something worth watching: institutional money is rotating. Bitcoin's outflows suggest caution, possibly fatigue after the recent rally. Fidelity's aggressive selling stands out especially since these are the big players who typically hold conviction through volatility. They're clearly taking chips off the table.
Ethereum's momentum tells the opposite story. BlackRock's massive ETH purchase signals serious institutional confidence. The buying pressure has now sustained for multiple weeks, with flows turning positive as Ethereum attracts fresh capital. This matters because when the largest asset managers start rotating into an alternative, retail traders usually follow within days.
The numbers paint a clear picture: $30.72 million net outflows from the crypto ETF space but distributed unevenly. Bitcoin bled while Ethereum gained. That's not normal sideways action. It's a shift in where the smart money thinks the next move is coming from.
This material is for information only and should not be considered financial advice or a recommendation to buy or sell any asset.
