Ethereum News Today: Bitcoin ETFs See $131.35 Million Outflow as Ethereum Gains $297 Million

Bitcoin spot exchange-traded funds (ETFs) experienced a net outflow of $131.35 million on July 21, marking the end of a 12-day streak of continuous inflows. This reversal in investor sentiment and portfolio rebalancing comes as Ethereum spot ETFs saw significant inflows, totaling nearly $297 million on the same day. The outflow from Bitcoin ETFs interrupts a period of robust performance, during which these funds had collectively attracted over $6.6 billion in net inflows since early July.

This sudden shift in Bitcoin ETF flows may be attributed to profit-taking by investors following Bitcoin’s stabilization in the $98,000 to $117,000 range after recent highs. Institutional investors, particularly those nearing quarter-end rebalancing cycles, could also be moving capital into alternative assets or reducing their exposure to cryptocurrencies. Leading Bitcoin ETFs, including BlackRock’s IBIT and Fidelity’s FBTC, posted flat or negative net inflows. IBIT reported zero net inflow despite holding the largest net asset value among peers at $86.16 billion. Ark Invest’s ARKB and Grayscale’s GBTC recorded notable outflows of $77.46 million and $36.75 million, respectively.

Overall, total net assets across all US Bitcoin spot ETFs now stand at $151.6 billion, accounting for 6.52% of Bitcoin’s total market capitalization. In contrast, Ethereum spot ETFs continued their upward momentum, attracting net inflows for the twelfth straight day, totaling $296.59 million. BlackRock’s ETHA led the pack with $101.98 million in new capital, bringing its cumulative inflow to over $8.16 billion. Fidelity’s FETH followed with $126.93 million in daily inflow and a total net asset value of $2.08 billion. Grayscale’s twin Ethereum funds, ETHE and ETH, posted mixed results, with one recording a modest net outflow while the other gained $54.90 million. Other players such as VanEck and Franklin Templeton also contributed to the day’s inflow momentum.

Ethereum ETFs now manage a combined $19.6 billion in net assets, equivalent to 4.32% of Ethereum’s total market cap. Analysts suggest the contrasting flows highlight diverging investor expectations. Bitcoin’s rally may be losing steam in the near term, while Ethereum is gaining traction after the GENIUS and CLARITY Acts proceed to the final vote. These proposed laws could pave the way for greater integration of Ethereum-based assets in traditional finance. Another factor drawing attention is the inclusion of staked Ether in ETF offerings. These structures allow investors to gain not just price exposure but also yield, making Ethereum products increasingly attractive to institutional portfolios. While Bitcoin’s dip may be temporary, the split in ETF flows shows a broader rebalancing underway in the digital asset space, where Ethereum’s evolving narrative continues to gain momentum.