Ethereum Soars While Bitcoin ETFs Bleed $268M—Traders Flock to ’The Flippening’ Narrative

Move over, Bitcoin—Ethereum’s stealing the spotlight as institutional investors play hot potato with crypto ETFs.

While ETH rallies on defi momentum and layer-2 adoption, Bitcoin ETFs just posted their third straight week of outflows. That $268 million exit suggests Wall Street’s ’safe’ crypto play might not be so safe after all.

Funny how the ’digital gold’ crowd gets nervous the second yields dip—almost like they never believed in the tech to begin with.

Wall Street swaps Bitcoin for Ether

According to data, BlackRock’s IBIT led the way in withdrawals, posting $130.4 million of outflows, while ARK’s ARKB remained second in line with almost $74 million in outflows. However, IBIT’s cumulative inflow still stands strong at $48.44 billion. Fidelity’s FBTC and Grayscale’s GBTC saw $50.11 million and $16.47 million withdrawn from the funds, respectively.

BTC ETFs recorded a net outflow of over $616.22 million on May 30. This fallback in ETF flows can be seen as a textbook response to price stagnation. Institutions often rotate capital during these consolidation phases, either into altcoins or risk-off assets.

Bitcoin price surged marginally over the past day, meanwhile, it is still down by 4% over the past 7 days. BTC is trading at an average price of $105,269 at the press time with a trading volume of $43.88 billion. But while Bitcoin stalls, ethereum is catching fire.

🚨 Institutional outflows persist — but is the tide turning?

A third consecutive day of outflows was recorded, totaling $267.5M — slightly lower than the previous two days.

Could this signal a slowdown in selling pressure? 👀 pic.twitter.com/y3p999Szg3

— Coin Bureau (@coinbureau) June 3, 2025

ETH ETFs reported $78.17 million in net inflows on Monday. This extends their green streak to 11 consecutive trading days. Over the past week, Ether-linked investment products have attracted $321 million, their biggest haul since December.

Data shows that BlackRock’s ETHA recorded $48.40 million of inflow in the last trading session. Its cumulative inflow stood at $4.65 billion. Fidelity’s FETH was the only other ETH-linked ETF that saw inflow. It posted an inflow of almost $30 million for the day.

Ethereum price surged by more than 5% in the last 24 hours, leading the way for the altcoins. ETH surged to $2,650.18 before retracing slightly to around $2,600. Ether is trading at an average price of $2,607 as of press time.

ARKB slashes share price

The diverging flows between BTC and ETH ETFs are reflecting a shifting institutional narrative. As Bitcoin consolidates under heavy resistance, Ethereum is being viewed as a high-conviction bet.

Amid all the uncertainty. ARK 21Shares US announced that it will execute a 3-for-1 share split of its ARK 21Shares bitcoin ETF (ARKB). This will be done to make shares more affordable and accessible, especially for retail investors. It will come into effect from June 16 at market opening.

It added that the share split won’t affect the ETF’s NAV, ticker, or investment strategy, but it will reduce the per-share price to a third of its current level.

ARKB closed Monday at $104.25, up nearly 27% this quarter. With Bitcoin ETFs pulling in $5.25 billion in May alone, and gold ETFs bleeding out, ARKB’s MOVE could further solidify its position as a vehicle for both retail and institutional exposure to digital gold.

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