For every dollar leaving Bitcoin ETFs right now, Ethereum funds are catching roughly 90 cents of it. That’s an oversimplification, but the optics tell a story that’s hard to ignore.
On June 8, US spot Bitcoin ETFs recorded net outflows of $91.37 million, according to SoSoValue data. On the same day, US spot Ethereum ETFs pulled in $82.37 million in net inflows. The near-mirror image of those numbers is striking, even if the two markets operate on very different scales.
Bitcoin’s bleeding streak continues
This isn’t a one-day blip for Bitcoin. The $91.37 million outflow is part of a much larger pattern that stretches back to mid-May, during which Bitcoin ETFs have hemorrhaged roughly $4.4 billion to $5 billion in cumulative net outflows. That’s a meaningful chunk of capital exiting products that currently manage approximately $93.7 billion in total assets.
To put that in perspective, the outflow streak has drained somewhere between 4.7% and 5.3% of total Bitcoin ETF assets in just a few weeks.
