Bitcoin ETFs See $1.47 Billion Outflow as Ethereum ETFs Gain $579 Million

Bitcoin ETFs saw a net outflow of $129 million for the week ending June 6, marking the second consecutive week of negative flows. This outflow was largely due to Fidelity’s FBTC, which saw $168 million in redemptions. Other spot Bitcoin ETF issuers reported mixed activity, with some recording marginal inflows that were not enough to offset the broader sell-off. Market observers attributed this trend to rising macroeconomic uncertainty and traders locking in profits ahead of inflation-related data. Concerns over near-term price resistance also weighed on sentiment.

In contrast, Ethereum ETFs recorded net inflows totaling $281 million during the same week, outperforming Bitcoin ETF flows by a significant margin. All nine spot Ethereum ETFs registered positive inflows, marking the fourth straight week of net capital addition. This trend reinforced growing institutional interest in the Ethereum ecosystem, as investors rotated funds from Bitcoin to Ethereum, seeking opportunities amid Ethereum’s growing use in decentralized finance (DeFi) and staking. The market reacted favorably to clarity around Ethereum’s ETF approval path and expectations for better yield-related structures. Industry analysts noted that Ethereum’s consistent inflows reflected strong conviction, unlike Bitcoin ETFs, which showed no signs of outflow pressure during the same period.

Over the past 10 days leading up to June 7, Bitcoin and Ethereum ETFs exhibited contrasting trends in investor behavior. Bitcoin ETFs experienced significant net outflows totaling $1.47 billion, with flows turning negative after May 22. In stark contrast, Ethereum ETFs recorded consistent gains, accumulating $579 million in net inflows over the same period. While Bitcoin saw sustained redemptions, Ethereum maintained almost daily positive inflows, signaling a clear rotation of capital into ETH. This divergence underscores shifting investor sentiment, with Ethereum emerging as the more favored asset in recent days.

The coming week will witness significant token unlocks exceeding $341 million in total. One-time unlocks include APT, STRK, IMX, SEI, and MOVE, while daily unlocks from tokens like SOL, WLD, and AVAX may add sell pressure. These unlocks can impact short-term liquidity and increase volatility across altcoins. Analysts suggest close monitoring of large-cap tokens like SOL and DOT during this period.

Bitcoin ETF flows remain under scrutiny as markets approach key macroeconomic and crypto-specific triggers. With Ethereum ETFs seeing four weeks of consistent inflows, institutional preference may be tilting toward Ethereum in the short term. The contrast between Bitcoin ETF outflows and Ethereum ETF inflows highlights a diverging investor approach. Market participants will also closely track the $341 million worth of token unlocks this week. Liquidity shifts may impact prices and influence near-term strategies across major crypto assets.