TL;DR
- Ethereum has seen four consecutive weeks of net ETF inflows, while Bitcoin records its first weekly outflow since April.
- Total Ethereum holdings in ETFs now stand at 3.77 million ETH, with BlackRock, Fidelity, and Grayscale playing key roles.
- Meanwhile, Bitcoin ETFs stall after a strong May, raising questions about short-term sustainability in institutional demand.
Institutional capital flow is showing a clear preference for Ethereum over Bitcoin, according to the latest data from Glassnode. In the week ending June 9, Ethereum ETFs recorded nearly 98,000 ETH in net inflows, marking the fourth straight week of positive movement. Total holdings have now reached 3.77 million ETH, still below the February peak but trending upward in a way that’s catching market attention.
This rising momentum coincides with a growing sense of optimism around Ethereum’s broader ecosystem, especially in decentralized finance and regulatory outlooks. Major players like BlackRock and Fidelity are increasing their exposure, a signal of long-term confidence in the asset’s value and relevance beyond short-term trading.
Consistent Inflows Reinforce Institutional Confidence
The steadiness of Ethereum ETF inflows is being interpreted as a sign of the asset’s maturation, something traditional investors are no longer overlooking. Unlike Bitcoin’s more pronounced volatility, Ethereum is increasingly seen as a platform with real-world applications (beyond as a store of value), which may explain the mounting interest in gaining exposure via ETFs.
Meanwhile, Bitcoin-linked ETFs posted a moderate contraction, with a net weekly outflow of 4,600 BTC. While this represents a relatively small correction compared to the sustained accumulation seen in recent months, it marks a meaningful pause in what had been a strong bullish trend throughout Q2. Analysts are watching closely to see whether this is a short-term breather or the beginning of a broader shift in positioning.
Strategic Rebalancing Amid Short-Term Adjustments
Bitcoin’s performance in early June points to a short-term slowdown in institutional appetite. The first trading day of the month saw over $267 million in outflows, followed by continued withdrawals in the days after. Grayscale remains the leading source of exits, while BlackRock’s contribution, though still positive, has cooled compared to its inflow strength earlier this year.
In contrast, Ethereum’s story continues to strengthen with every passing week of institutional accumulation. Backed by its technological foundation and participation across several crypto verticals, ETH is capturing what appears to be more structural interest. While Bitcoin enters a wait-and-see phase, Ethereum is showing why it remains a compelling force in global finance.
