The week before, institutions piled another $690 million into ETH. Last week, they turned around and net-sold $138 million.
Meanwhile, BTC spot ETFs saw inflows of $241 million, marking their third consecutive week of net inflows.
The same institutions completely flipped their stance on the two largest assets in just one week—this isn’t “being bullish on crypto”; it’s “BTC only.”
Let’s lay out the data first (SoSoValue weekly figures):
1. BTC ETFs saw $241 million in net inflows last week, their third straight week of inflows. The previous two weeks were +$2.4 billion and +$6.2 million, respectively. Cumulative net inflows stand at $57.8 billion, with about $1.2 billion year to date.
2. ETH ETFs saw $138 million in net outflows last week, after a massive $690 million inflow the week before. In just one week, they went from buyers to sellers.
3. Smaller players: Zcash funds recorded their first-ever weekly outflow (about $94 million); SOL and XRP ETFs continued to attract modest inflows of $2.4 million and $4.7 million, respectively.
4. At the time of writing, BTC was around $86,200 (up 3.7% for the week) and ETH around $2,727 (up 3% for the week). The Fear & Greed Index was at 70—still in greed territory, but down from 74.
How to read this:
1. Capital is making a “relative value” choice, not betting on a broad bull market. The FOMC minutes are due out early on October 8, and the 10-year Treasury yield remains elevated above 5%. Institutions aren’t willing to bet on high-beta assets, so they’re buying BTC as “crypto Treasuries.”
2. ETH is in an awkward spot: its price rose 3%, but money flowed out—a classic case of profit-taking after last week’s large inflows. For ETH to attract ETF money again, it first needs to put in a rally of its own.
3. Don’t let “three straight weeks of inflows” get you carried away: BTC ETFs attracted $2.4 billion the week before, so this week’s $241 million is a major cooldown. Consecutive inflows provide a floor; they don’t necessarily drive prices up.
4. A little-known fact: CoinShares has pointed out that some IBIT buying comes from the long leg of basis-trade hedges, rather than from outright bullish bets. ETF net inflows may look impressive, but they can be “padded.”
I track these ETF flow recaps every week—follow me so you don’t miss them. Where do you think institutional money will lean in Q4: BTC or ETH?
$BTC $ETH
#ETFFundFlows
Data as of: 2026-10-05 UTC (SoSoValue weekly data, covering the week through October 3)
Sources: Cointelegraph; HedgeCo Insights
For informational purposes only; not investment advice.
Meanwhile, BTC spot ETFs saw inflows of $241 million, marking their third consecutive week of net inflows.
The same institutions completely flipped their stance on the two largest assets in just one week—this isn’t “being bullish on crypto”; it’s “BTC only.”
Let’s lay out the data first (SoSoValue weekly figures):
1. BTC ETFs saw $241 million in net inflows last week, their third straight week of inflows. The previous two weeks were +$2.4 billion and +$6.2 million, respectively. Cumulative net inflows stand at $57.8 billion, with about $1.2 billion year to date.
2. ETH ETFs saw $138 million in net outflows last week, after a massive $690 million inflow the week before. In just one week, they went from buyers to sellers.
3. Smaller players: Zcash funds recorded their first-ever weekly outflow (about $94 million); SOL and XRP ETFs continued to attract modest inflows of $2.4 million and $4.7 million, respectively.
4. At the time of writing, BTC was around $86,200 (up 3.7% for the week) and ETH around $2,727 (up 3% for the week). The Fear & Greed Index was at 70—still in greed territory, but down from 74.
How to read this:
1. Capital is making a “relative value” choice, not betting on a broad bull market. The FOMC minutes are due out early on October 8, and the 10-year Treasury yield remains elevated above 5%. Institutions aren’t willing to bet on high-beta assets, so they’re buying BTC as “crypto Treasuries.”
2. ETH is in an awkward spot: its price rose 3%, but money flowed out—a classic case of profit-taking after last week’s large inflows. For ETH to attract ETF money again, it first needs to put in a rally of its own.
3. Don’t let “three straight weeks of inflows” get you carried away: BTC ETFs attracted $2.4 billion the week before, so this week’s $241 million is a major cooldown. Consecutive inflows provide a floor; they don’t necessarily drive prices up.
4. A little-known fact: CoinShares has pointed out that some IBIT buying comes from the long leg of basis-trade hedges, rather than from outright bullish bets. ETF net inflows may look impressive, but they can be “padded.”
I track these ETF flow recaps every week—follow me so you don’t miss them. Where do you think institutional money will lean in Q4: BTC or ETH?
$BTC $ETH
#ETFFundFlows
Data as of: 2026-10-05 UTC (SoSoValue weekly data, covering the week through October 3)
Sources: Cointelegraph; HedgeCo Insights
For informational purposes only; not investment advice.
