Bitcoin spot ETFs pulled in $128M in net inflows during the latest trading period, a solid number by most standards but a noticeable step down from the prior week. Meanwhile, Ethereum ETFs attracted $18M in net inflows, a figure that’s moving in the opposite direction: up.

Bitcoin ETF inflows have been declining on a week-over-week basis. Ethereum ETFs, on the other hand, are picking up steam. The $18M in net inflows represents an increase compared to the previous week, which is a reversal of the pattern we’ve been watching in Bitcoin funds.

To put this in perspective, Bitcoin ETFs still dwarf Ethereum ETFs in total flow volume by roughly a 7-to-1 ratio based on this snapshot alone.

The spot ETF landscape has become the clearest window into institutional crypto sentiment. These aren’t leveraged derivatives or DeFi yield plays. They’re regulated, traditional-finance products that pension funds, wealth managers, and family offices actually buy.

The introduction of spot ETFs for Bitcoin in the United States in January 2024 marked a pivotal development in offering institutional investors access to cryptocurrency markets. Subsequently, Ethereum ETFs launched in July 2024, further establishing these digital assets within mainstream financial avenues.