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.
The post Ethereum ETFs Surge as Bitcoin Funds See First Outflow in Weeks appeared first on BitcoinLinux.
