Ethereum ETFs Bleed Amid $301M BTC Inflow, Yet Whales Buy More ETH – Here’s Why
Spot Bitcoin ETFs returned to robust inflows this week, at the same time as Ethereum funds confronted sharp withdrawals, exhibiting a shifting dynamic between the 2 largest cryptocurrencies.
According to data from SoSoValue, Bitcoin spot ETFs posted a web influx of $301.3 million on September 3, whereas Ethereum merchandise shed $135.3 million.
Bitcoin ETFs Surge While Ethereum ETFs Reverse August Momentum
BlackRock’s iShares Bitcoin Trust (IBIT) led the cost with $289.8 million in contemporary inflows, bringing its property beneath administration to $58.6 billion.
Grayscale’s Bitcoin Mini Trust adopted with $28.8 million, whereas Ark Invest and 21Shares’ ARKB logged the day’s steepest outflow at $27.9 million.
Across the sector, Bitcoin ETFs now maintain a mixed $145.2 billion in property, equal to six.5% of Bitcoin’s market capitalization, with cumulative inflows reaching $54.8 billion.
Among Ethereum ETFs, day by day web outflows have been led by BlackRock’s flagship ETHA fund, which shed $151.9 million. This was adopted by Fidelity’s FETH, which added $65.8 million, and Grayscale’s lower-fee Mini Trust, which attracted $62.5 million.
Bitwise logged $20.8 million in contemporary inflows, whereas different issuers reminiscent of VanEck, Franklin Templeton, 21Shares, and Invesco noticed no main adjustments.
Despite the setback, cumulative inflows throughout all Ethereum ETFs stay optimistic at $13.34 billion, with BlackRock accounting for about $13 billion of that complete.
The surge reverses a pattern from August, when Ethereum funds dominated exercise. ETH products attracted $3.87 billion in inflows last month in contrast with $751 million in Bitcoin outflows.
Trading volumes confirmed the divergence, with Ethereum ETF exercise leaping to $58.3 billion in August, almost double July’s complete, whereas Bitcoin volumes slipped to $78.1 billion.
Ethereum also posted a new all-time high of $4,953 in August, supported by company treasuries holding a mixed $119.6 billion of ETH by the top of the month.
But September is telling a distinct story. On August 29, Ethereum ETFs logged $164.6 million in outflows, breaking a five-day influx streak that had added $1.5 billion.
Cumulative inflows stay optimistic at $13.34 billion, nearly solely concentrated in BlackRock’s ETHA, which accounts for $13.1 billion. Analysts be aware Ethereum traditionally struggles in September, citing $46.5 million in ETF outflows throughout the identical month in 2024.
Bitcoin, against this, gained $1.26 billion that September, benefiting from risk-off positioning.
Whales Scoop Up $620M in Ether as Institutions Boost Exposure
Despite the newest ETF withdrawals, whale and institutional exercise recommend a sustained urge for food for Ether.
Last week, nine large addresses purchased $456.8 million worth of ETH, with 5 wallets receiving transfers from custodian BitGo and others buying cash via Galaxy Digital.
Lookonchain data added that newly created wallets amassed one other 35,948 ETH, price $164 million, inside eight hours, with tokens sourced from FalconX and Galaxy Digital.
Institutions are additionally energetic. Bitmine received 14,665 ETH price $65.3 million from Galaxy Digital, whereas three wallets acquired 65,662 ETH, valued at $293 million, from FalconX.
Largest Ethereum company holder, Bitmine bought 80,325 ETH from Galaxy Digital and FalconX, valued at $358 million.#Bitmine #EthereumTreasury #ETHhttps://t.co/UkO379Hnjz
— Cryptonews.com (@cryptonews) September 4, 2025
Meanwhile, BlackRock deposited 33,884 ETH, price $148.6 million, into Coinbase Prime. The exercise follows reviews that the agency offered $151.4 million in ETH whereas doubling its Bitcoin purchases, illustrating shifting allocations between the 2 property.
Ethereum’s relative power provides context. Over the previous month, Ether has gained 18.5%, whereas Bitcoin has slipped 6.4%. ETH now trades 6.7% beneath its document high, whereas Bitcoin stays greater than 10% off its $124,500 all-time high earlier this yr
Analysts identified that some long-term Bitcoin holders are taking earnings. A whale who purchased BTC in 2013 at $332 recently moved 750 coins, price $83.3 million, to Binance. On-chain watchers prompt the funds may rotate into Ethereum, echoing earlier transactions the place whales offered Bitcoin to purchase Ether.
One such commerce this month noticed 670 BTC, price $76 million, transformed into 68,130 ETH valued at $295 million. Another long-dormant tackle withdrew 6,334 ETH, price $28 million, from Kraken after years of inactivity.
Bitcoin Consolidates as Binance Futures Volume Hits $2.6 Trillion
Bitcoin (BTC) is buying and selling at $110,778, down 0.7% prior to now 24 hours and 1.9% over the week. The asset stays 10.5% beneath its $124,500 all-time high.
Notably, over the weekend, BTC dropped to $107,400, its lowest stage in seven weeks, earlier than rebounding to $112,000.
Glassnode data shows the correction cooled the “euphoric part” that started in mid-August, when 100% of Bitcoin’s provide was in revenue.
Sustaining such circumstances usually requires robust inflows, which pale by late August. Currently, 90% of supply remains in profit, throughout the $104,100–$114,300 price foundation vary.
Glassnode famous {that a} break beneath $104,100 may set off one other post-ATH drawdown, whereas a restoration above $114,300 would point out renewed demand.
Short-term holders noticed earnings collapse from above 90% to only 42% throughout the decline. While the rebound restored profitability to over 60% of their provide, analysts warned that the restoration is fragile.
Glassnode mentioned solely a transfer above $114,000–$116,000, the place 75% of short-term holders can be in revenue, may restore confidence for a contemporary rally.
Resistance stays heavy within the $111,700–$115,500 zone, which aligns with the 50-day and 100-day easy shifting averages.
“BTC has been consolidating beneath its earlier native vary and has didn’t retake it,” dealer Daan Crypto Trades noted on X, including that the $107,000 month-to-month low could not maintain if promoting strain intensifies.
Source: Daan Crypto Trades
Meanwhile, Binance futures buying and selling surged to a document $2.62 trillion in August, up from $2.55 trillion in July, according to CryptoQuant. The spike displays heightened volatility, elevated hedge fund and institutional participation, and rising open curiosity.
Analysts cautioned that whereas robust derivatives exercise signifies liquidity, futures-driven momentum with out secure spot inflows typically precedes sharp corrections.
For now, Bitcoin stays range-bound, with bulls needing to reclaim $114,000 to substantiate a stronger restoration.
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