Bitcoin spot ETFs recorded $1.42 billion in outflows during the past week, marking a sharp reversal in institutional demand, while Ethereum ETFs shed $241.5 million. The weakness in the two largest crypto assets by market capitalization contrasted sharply with gains in smaller-cap tokens, underscoring a rotation in institutional positioning.
BlackRock, the world's largest asset manager, moved 929 Bitcoin (valued at $67.5 million) and 36,449 Ethereum ($72.2 million) to Coinbase Prime today, according to blockchain intelligence data. The transfer of approximately $140 million in combined value signals potential rebalancing or preparation for institutional client withdrawals.
Alternative assets attracted modest inflows, with Ripple ETF gaining $15.2 million and Hyperliquid ETF drawing $25.6 million, suggesting investors rotated capital toward smaller-cap narratives. Solana, Chainlink, and Hedera ETFs also recorded positive but minimal inflows, while Litecoin, Dogecoin, Avalanche, and Polkadot ETFs reported zero flow data or remained inactive.