Institutional capital appears to be shifting focus, with Ethereum-based ETFs gaining momentum just as Bitcoin investment products see their first net outflows since early July.
On Monday, Bitcoin ETFs recorded a collective loss of $131 million, breaking a 12-day streak of positive flows that had added more than $6 billion to the space.
The sharpest pullback came from ARKB, managed by Ark Invest and 21Shares, which saw over $77 million in redemptions. Grayscale, Fidelity, and others also posted losses, while BlackRock’s IBIT remained flat.
Meanwhile, Ethereum ETFs quietly extended their own winning streak to 12 days. Nearly $297 million poured into ETH funds on the same day, with Fidelity and BlackRock leading the surge.
Since launching on July 24, ETH ETFs have attracted over $3.5 billion, occasionally outpacing Bitcoin products in daily flows.
Analysts suggest this marks a typical rotation — with investors rotating capital from Bitcoin into Ethereum, often a prelude to broader altcoin interest. Ethereum’s rise and a recent 5% drop in Bitcoin dominance hint that market participants may be preparing for another shift down the risk curve.
Still, whether this will spark a full-blown altcoin rally remains uncertain, especially given the dominance of institutional money in the current uptrend.
