ETH funds are four times smaller than Bitcoin funds, yet they’re losing money faster. 📉
Over the past week, ≈ $320 million flowed out of ETH ETFs, compared with ≈ $228 million from BTC ETFs. Over their entire history, ≈ $12.9 billion has flowed into ETH funds, versus ≈ $56.9 billion into BTC funds. So the weekly outflow from ETH is ≈ 2.5% of its cumulative inflows, while for BTC it’s just ≈ 0.4%. That’s a nearly sixfold difference. This is my own calculation, not an official metric, but it gives you an idea.
One more detail: BlackRock’s ETHA often accounts for more than 80% of all outflows from ETH funds. So “institutions are fleeing” mostly means one large fund.
Bitcoin has it a little easier: weekly outflows from BTC funds are 66% lower than the previous week. Since the beginning of October, about $0.9 billion has already flowed out of ETH ETFs.
My takeaway: ETF outflows aren’t a direct instruction to “sell,” but $ETH is weaker than $BTC right now, and the money shows it.
Do you track ETF flows, or do you go by price alone?
$ETH $BTC
#ETF
Over the past week, ≈ $320 million flowed out of ETH ETFs, compared with ≈ $228 million from BTC ETFs. Over their entire history, ≈ $12.9 billion has flowed into ETH funds, versus ≈ $56.9 billion into BTC funds. So the weekly outflow from ETH is ≈ 2.5% of its cumulative inflows, while for BTC it’s just ≈ 0.4%. That’s a nearly sixfold difference. This is my own calculation, not an official metric, but it gives you an idea.
One more detail: BlackRock’s ETHA often accounts for more than 80% of all outflows from ETH funds. So “institutions are fleeing” mostly means one large fund.
Bitcoin has it a little easier: weekly outflows from BTC funds are 66% lower than the previous week. Since the beginning of October, about $0.9 billion has already flowed out of ETH ETFs.
My takeaway: ETF outflows aren’t a direct instruction to “sell,” but $ETH is weaker than $BTC right now, and the money shows it.
Do you track ETF flows, or do you go by price alone?
$ETH $BTC
#ETF