Ethereum ETFs swing to net inflows as spot Bitcoin ETFs shed $462.7M
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U.S. spot crypto ETF flows diverged: Bitcoin ETFs saw four straight days of net outflows totaling $462.7M, while Ethereum ETFs flipped to a weekly net inflow of $196.9M after a large Friday subscription led by BlackRock's ETHA. The split suggests institutional rebalancing rather than broad risk-on/risk-off, potentially supporting relative ETH demand while weighing on near-term BTC positioning.
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CoinMarketCap said U.S. crypto ETF flows split this week, with spot Bitcoin products extending a run of redemptions while Ethereum ETFs finished in the black. The period covered Sept. 8–11 and included only four trading days due to the U.S. Labor Day holiday.
Bitcoin ETFs: four straight days of outflows
Farside Investors data shows spot Bitcoin ETFs logged total net outflows of $462.7 million over the four sessions. The biggest single-day withdrawal came Thursday at $282.7 million, reversing part of the prior week's $986.7 million net inflow.
Daily breakdown:
- Tuesday: -$46.6 million
- Wednesday: -$120.2 million
- Thursday: -$282.7 million
- Friday: -$13.2 million
By product, BlackRock's IBIT posted a weekly net outflow of $52.5 million, Fidelity's FBTC lost $50.7 million, and VanEck's HODL saw -$13.1 million. Offsetting moves included Morgan Stanley's MSBT, which drew +$19.7 million, and Bitwise's BITB with a +$1.9 million net inflow.
Ethereum ETFs: Friday surge flips the week positive
Ethereum ETFs stayed net negative through Thursday, then took in $216.4 million on Friday, pushing the week to a net inflow of $196.9 million.
Earlier sessions:
- Tuesday: -$24.3 million
- Wednesday: +$34.7 million
- Thursday: -$29.9 million
BlackRock's ETHA led the buying, pulling in $148.8 million on Friday and ending the week at +$139.9 million. BlackRock's staked Ethereum fund ETHB added +$55.1 million for the week. Bitwise's ETHW recorded +$29.1 million on Friday, while VanEck's ETHV took in +$3.7 million the same day.
On the outflow side, Fidelity's FETH posted a weekly net outflow of $3.9 million, including a $25.2 million withdrawal on Thursday. Grayscale's ETHE saw -$17.3 million for the week.
Farside reported Ethereum ETFs took in $215.3 million last week; this week's total was slightly lower but still positive.
Solana inflows; Hyperliquid outflows
The Solana fund recorded a weekly net inflow of $9.7 million, driven mainly by an $11.2 million inflow on Wednesday and small outflows on the other three days. Bitwise's BSOL accounted for most of the increase, with a $9.5 million net inflow for the week.
The Hyperliquid fund saw three days of net outflows totaling $26.5 million: $13.0 million on Tuesday, $5.3 million on Wednesday, and $8.2 million on Friday, with no net flow reported on Thursday.
Across the four crypto ETF categories tracked by Farside, combined flows totaled a net outflow of $282.6 million for the week. The split between Bitcoin and Ethereum products suggests institutional allocation remains in flux.