Ethereum ETFs Gain Momentum While Bitcoin Sees First Weekly Outflow in Two Months

Bitcoin Ethereum

Ethereum ETFs Gain Momentum While Bitcoin Sees First Weekly Outflow in Two Months

The latest ETF data from Glassnode highlights a growing divergence in investor appetite between Ethereum and Bitcoin.

As of June 9, Ethereum spot ETFs marked their fourth consecutive week of net inflows, while Bitcoin ETFs experienced their first outflow after an eight-week streak of gains.

Ethereum: Steady Accumulation Continues

According to data, shared by Glassnode, Ethereum ETFs added +97.8K ETH over the past week, bringing total holdings to 3.77 million ETH. While this remains approximately 41K ETH below the February peak of 3.81 million, the consistent accumulation trend signals renewed institutional interest. This build-up follows Ethereums rising price momentum, and though inflows are steady, analysts suggest there is still “room for further upside.”

Notably, major players like BlackRock, Fidelity, and Grayscale continue to dominate the ETF allocation stack, reinforcing institutional confidence in Ethereums long-term viability.

Bitcoin: First ETF Outflow Since Early April

In contrast, Bitcoin ETFs recorded a net outflow of -4.6K BTC, reducing total holdings to 1.20 million BTC. This marks the first negative weekly performance in eight weeks and a drop of ~11.5K BTC from the late-May peak.

The brief pause comes after a strong run-up in demand through Q2, suggesting that investors may be pausing to reassess market conditions. While the recent outflow does not yet indicate a trend reversal, Glassnode notes its essential to monitor for signs of re-acceleration in the coming weeks.

Diverging Sentiment Between BTC and ETH？

This divergence between the two leading digital assets reflects short-term differences in investor sentiment. Ethereum‘s consistent inflows point toward rising bullishness, potentially tied to positive regulatory expectations and developments in decentralized finance. Bitcoin’s mild pullback, on the other hand, could simply be a cooldown after a rapid accumulation phase.

Outlook

With Ethereum approaching its previous ETF holding peak and Bitcoin seeing a brief slowdown, markets may be entering a phase where asset-specific narratives play a stronger role in ETF flows. For now, Ethereum is showing strength in institutional demand, while Bitcoin watchers will be waiting to see if this weeks outflow is a blip or the beginning of a larger trend.