Ether Outpacing Bitcoin in Institutional Demand

BlackRock's spot ether fund ETHA pulled in $96.3 million last week, tripling the inflows of bitcoin funds, which managed only $33.9 million. This marks the second consecutive week that ether products have outdrawn their bitcoin counterparts, and it comes as prices for both assets remain relatively flat. Ether currently trades at around $1,940, down 61% from its high in 2025, while bitcoin sits near $64,800.

The inflows into spot ether funds are significant, with a total of $104 million pulled in over the week. This is largely due to BlackRock's ETHA fund, which absorbed nearly all of the incoming capital. In contrast, the largest crypto ETF, IBIT, posted a net outflow of $95.5 million.

The rotation towards ether appears to be driven by institutional investors, with corporate treasuries also showing a preference for ether over bitcoin. BitMine Immersion, for example, added 104,512 ETH in just 30 days and now holds 5.78 million, or about 4.8% of the total supply.