Bitcoin and Ethereum ETFs had a bit of a couples therapy moment on September 2, with the two asset classes heading in starkly different directions. Bitcoin ETFs pulled in a net 398 BTC, worth roughly $31M, while Ethereum ETFs hemorrhaged 19,667 ETH, approximately $48M, in a single trading session.
The divergence is notable not because crypto funds move in lockstep (they don’t), but because it snapped a 12-session inflow streak for Ethereum products.
The weekly picture softens the blow
Over the week, Bitcoin ETFs accumulated 8,937 BTC, while Ethereum ETFs still managed a net positive weekly inflow of 15,939 ETH despite the ugly daily number.
Bitcoin ETFs had a particularly strong showing across multiple sessions. September 2 brought in $101M, and September 4 followed with $175M. For the week ending September 4, Bitcoin ETFs amassed close to $987M in net inflows. Cumulative net inflows into US spot Bitcoin ETFs have now exceeded $55B since they debuted in January 2024.
