Bitcoin ETFs Draw $446M, AUM Near $150B; ETH ETFs Outflows
Bitcoin ETFs recorded $446 million in net inflows last week, driven by major issuers BlackRock, Fidelity and Grayscale. Assets under management climbed to nearly $150 billion, up from about $49 billion earlier. In contrast, Ethereum ETFs saw $244 million in outflows, led by BlackRock’s ETHA, trimming AUM to $26.4 billion. Divergent ETF flows coincided with a 4% rise in Bitcoin prices while Ethereum remained flat. This rotation underscores strong institutional demand for Bitcoin ETFs amid macroeconomic uncertainty. Traders should track ETF flows, macro trends and Ethereum network upgrades to gauge short-term price action.
Bullish
Heavy inflows into Bitcoin ETFs signal robust institutional demand and bolster bullish sentiment for BTC. The jump in AUM toward $150 billion reinforces upward price momentum, while Ethereum ETF outflows may pressure ETH separately. Overall, the ETF flow divergence points to a positive near-term outlook for Bitcoin.