Bitcoin ETFs Bleed $225 Million as Ether Funds Surge to $26 Million

The divergence between Bitcoin and Ethereum spot exchange-traded funds (ETFs) is growing, with $225 million in net outflows from Bitcoin ETFs on July 23, while Ether funds brought in $26.32 million.

Morgan Stanley's MSBT led the Bitcoin side with a modest $5.01 million inflow, but this was overshadowed by exits from other funds.

Fidelity's FETH dominated the Ether ledger with $14.93 million, underscoring its ability to capture demand despite being in a crowded field.

The combination of a nine-figure Bitcoin outflow and a seven-figure Ether inflow is not just a data point, it marks a recurring pattern that has traders rethinking allocation models.