Whales Go All-In As Bitcoin, Ethereum ETFs Record $4.5 Billion Inflows

Whales are on the move again, and this time it aligns with one of the biggest ETF buying weeks of the year for Bitcoin and ￰1￱ Spot Bitcoin and Ethereum ETFs returned to inflows last week, and data shows some whales addresses are also moving their crypto assets from exchanges and into self custody. On-chain tracker Lookonchain reported that newly created wallets have withdrawn massive amounts of Bitcoin and Ethereum from major exchanges, showing the large-scale accumulation by crypto ￰2￱ Reading: Bitcoin Breaks $123,000 As Rising Open Interest Signals More Action Ahead Massive Withdrawals From Crypto Exchanges According to data from SosoValue, Spot Bitcoin ETFs recorded $3.24 billion worth of inflows in the just-concluded week, reversing the $902.5 million outflows seen the previous week.

Notably, this week’s inflow number is the largest weekly inflow on record for Spot Bitcoin ETFs this ￰3￱ Ethereum ETFs, on the other hand, saw $1.30 billion inflows last week, which is another drastic change from last week’s outflows of $795.56 million. However, this activity is not limited to Spot ETFs ￰4￱ wallet activity shows aggressive accumulation activity among whale addresses moving into self ￰5￱ one instance, on-chain analytics tracker Lookonchain noted that a newly created wallet, identified as 0x982C, withdrew 26,029 ETH worth approximately $118 million from ￰6￱ newly created Bitcoin wallet, bc1qks, withdrew 620 BTC valued at $76 million from ￰7￱ movements are large-scale repositioning of capital away from exchanges, and this is a sign that whales are expecting further price ￰8￱ are buying $ETH and $BTC!

Newly created wallet 0x982C withdrew 26,029 $ETH($118M) from #Kraken 8 hours ￰9￱ created wallet bc1qks withdrew 620 $BTC($76M) from #Binance 6 hours ago.￰0￱ ￰10￱ — Lookonchain (@lookonchain) October 4, 2025 Interestingly, Bitcoin exchange balances have fallen to their lowest level in five ￰11￱ 170,000 Bitcoin were removed from crypto exchanges in the last 30 days, with the most activity coming in the just concluded ￰12￱ has pushed the Bitcoin exchange balance below 2.85 million BTC for the first time since January ￰13￱ Exchange Balance.