Ethereum ETFs Bleed Amid $301M BTC Inflow, Yet Whales Buy More ETH – Here’s Why

Spot Bitcoin ETFs returned to strong inflows this week, even as Ethereum funds faced sharp withdrawals, showing a shifting dynamic between the two largest ￰3￱ ing to data from SoSoValue , Bitcoin spot ETFs posted a net inflow of $301.3 million on September 3, while Ethereum products shed $135.3 ￰4￱ ETFs Surge While Ethereum ETFs Reverse August Momentum BlackRock’s iShares Bitcoin Trust (IBIT) led the charge with $289.8 million in fresh inflows, bringing its assets under management to $58.6 billion. Grayscale’s Bitcoin Mini Trust followed with $28.8 million, while Ark Invest and 21Shares’ ARKB logged the day’s steepest outflow at $27.9 million.) from #Binance and deposited it into #Aave . ￰0￱ ￰1￱ ￰5￱ — Lookonchain (@lookonchain) September 4, 2025 Institutions are also ￰6￱ received 14,665 ETH worth $65.3 million from Galaxy Digital, while three wallets received 65,662 ETH, valued at $293 million, from ￰7￱ Ethereum corporate holder, Bitmine purchased 80,325 ETH from Galaxy Digital and FalconX, valued at $358 million. #Bitmine #EthereumTreasury #ETH ￰2￱ — ￰8￱ (@cryptonews) September 4, 2025 Meanwhile, BlackRock deposited 33,884 ETH , worth $148.6 million, into Coinbase ￰9￱ activity follows reports that the firm sold $151.4 million in ETH while doubling its Bitcoin purchases, illustrating shifting allocations between the two assets.

Ethereum’s relative strength adds ￰10￱ the past month, Ether has gained 18.5%, while Bitcoin has slipped 6.4%. ETH now trades 6.7% below its record high, while Bitcoin remains more than 10% off its $124,500 all-time high earlier this year Analysts pointed out that some long-term Bitcoin holders are taking profits. A whale who bought BTC in 2013 at $332 recently moved 750 coins, worth $83.3 million, to Binance. On-chain watchers suggested the funds could rotate into Ethereum, echoing earlier transactions where whales sold Bitcoin to buy ￰11￱ such trade this month saw 670 BTC, worth $76 million, converted into 68,130 ETH valued at $295 ￰12￱ long-dormant address withdrew 6,334 ETH, worth $28 million, from Kraken after years of ￰13￱ Consolidates as Binance Futures Volume Hits $2.6 Trillion Bitcoin (BTC) is trading at $110,778, down 0.7% in the past 24 hours and 1.9% over the ￰14￱ asset remains 10.5% below its $124,500 all-time high.

Notably, over the weekend, BTC dropped to $107,400, its lowest level in seven weeks, before rebounding to $112,000. Glassnode data shows the correction cooled the “euphoric phase” that began in mid-August, when 100% of Bitcoin’s supply was in profit.