Bitcoin ETFs Surge as Ethereum Products Bleed $48M in Single-Day Divergence

Crypto ETF flows took a dramatic turn on September 2 as Bitcoin and Ethereum products diverged sharply. In stark contrast to Ethereum's net outflow of approximately $48M, or 19,667 ETH, Bitcoin ETFs pulled in around $31M, equivalent to 398 BTC.

This divergence broke a 12-session inflow streak for Ethereum products, highlighting the unpredictable nature of crypto fund flows.

Looking at the weekly picture softens the blow for Ethereum, however. Despite the single-day net outflow, the product still recorded a net positive weekly inflow of around 15,939 ETH.