Ethereum Soaks Up $321M While Bitcoin and XRP Bleed $36M—Smart Money Flips the Script

Crypto’s old guard stumbles as ETH steals the inflows spotlight. Bitcoin and XRP investors sprint for the exits—classic ’hold my beer’ market rotation.

Wall Street analysts scramble to explain the shift, dusting off their ’this time it’s different’ playbooks. Meanwhile, Ethereum’s defi ecosystem quietly eats traditional finance’s lunch—one overpriced intermediary at a time.

Hong Kong also saw a surge in activity, posting $54.8 million in new inflows, its highest since local crypto ETFs launched.

In contrast, Switzerland faced $32.8 million in outflows, joining Sweden and Brazil in registering weekly losses of $4 million and $3.2 million, respectively.

Bitcoin sees first outflow in weeks

Ethereum-based investment products took the spotlight last week, attracting the highest inflows across the digital asset market.

According to the CoinShares report, ethereum funds brought in $321 million, outpacing Bitcoin and signaling a possible shift in investor sentiment. This marked Ethereum’s sixth straight week of inflows, now totaling $1.19 billion, its strongest run since late 2024.

On the other hand, Bitcoin funds, which had previously enjoyed six weeks of steady inflows, faced a reversal. The bellwether digital asset saw $8 million in outflows last week.

The shift was most visible in BlackRock’s iShares bitcoin Trust (IBIT), which lost $430.8 million. This was the fund’s first outflow since early April and its largest on record.

CoinShares noted that the trend reversal came mid-week, following the court’s tariff ruling. What began as a week of inflows quickly turned into cautious withdrawals as investors reacted to the renewed trade policy uncertainty.

Meanwhile, XRP also struggled, marking its second consecutive week of outflows, with $28.2 million exiting the asset. The product has seen over $56 million exit during the last two weeks.

In contrast, other niche assets saw modest gains during the period. Sui pulled in $2.2 million, Solana attracted $1.5 million, Cardano added $100,000, and chainlink brought in $800,000.

This data suggests a shifting landscape where Ethereum is gaining momentum while Bitcoin temporarily takes a back seat in the face of macroeconomic headwinds.