Six-Day Bitcoin ETF Exodus Continues as Ethereum Flips to Positive Momentum

Bitcoin ETFs bleed for sixth straight day while Ethereum breaks pattern with surprise inflows.

The Great Rotation

Investors keep pulling capital from Bitcoin ETFs—six consecutive days of outflows now. Meanwhile, Ethereum products just flipped positive for the first time in weeks. Classic crypto volatility meets traditional finance's short-term memory.

Market Whiplash

Bitcoin's flagship products can't catch a break despite strong fundamentals. Ethereum's sudden reversal suggests traders might be rotating rather than retreating. Because nothing says 'stable market' like chasing yesterday's performance.

Wall Street's Crypto Mood Swings

Traditional finance still treats digital assets like a casino—even when the house edge is staring them in the face. The outflow streak proves institutional money remains skittish, while Ethereum's bounce shows how quickly sentiment can pivot. Maybe they'll figure out hodling eventually—or just keep paying fees to panic-trade.

This six-day streak is one of the most prolonged outflow runs this summer, with cumulative redemptions exceeding $1.3 billion in less than a week. The flows aligned with a cooling in Bitcoin’s spot market: BTC slid from $114,300 on Aug. 20 to $111,600 by Aug. 25.

The ETF data shows us institutional demand waned almost exactly when BTC faced technical resistance above $117,000 and struggled to hold $113,000 support.

Ethereum ETFs saw a different trajectory in the past week. After multiple days of outflows, culminating in a $240 million outflow on Aug. 20, funds flipped positive.

On Aug. 21, ETH ETFs attracted $287.6 million, followed by another $337.7 million on Aug. 22. Fidelity’s FETH and BlackRock’s ETHA were the primary drivers, with combined inflows exceeding $240 million across the two sessions.

As with Bitcoin, this capital rotation mirrored ETH’s price performance. After dipping to $4,225 on Aug. 21, Ethereum surged above $4,800 by Aug. 22, peaking intraday NEAR $4,883. While Bitcoin faltered, ETH drew inflows as traders positioned around its stronger short-term momentum.

The split in flows points to shifting allocation preferences. Bitcoin’s six-day outflow streak tells us institutions are trimming exposure after months of heavy inflows earlier in the summer. At the same time, ETH’s sudden inflows suggest that investors might not be exiting crypto altogether but reallocating within the asset class.

The timing here is key: ETH’s rebound caused the inflows, indicating that ETF demand was a tailwind for price, while Bitcoin’s ETF redemptions reinforced downside pressure.

If the divergence continues, it could mark a rotation period where ETH benefits at Bitcoin’s expense, something rarely seen since ETFs launched. However, sustained inflows into ETH ETFs will be necessary to offset Bitcoin’s size advantage, with BTC ETFs still holding far greater cumulative assets.