Ethereum ETFs Surge as Bitcoin Funds Bleed

Bitcoin exchange-traded funds (ETFs) lost 3,170 BTC over the past week, while Ethereum ETFs added 37,959 ETH.

The split between the two assets points to growing institutional interest in ether, with BlackRock's ETHA fund driving most of the week's Ethereum inflows.

BlackRock's IBIT fund accounted for most of Bitcoin's losses, losing 3,511 BTC over the week. Grayscale's Bitcoin funds fell another 10 BTC, and Bitwise's BITB lost 27 BTC.

Fidelity's FBTC and ARK 21Shares' ARKB offset some of the damage, adding 109 BTC and 77 BTC respectively, but Bitcoin ETFs are still climbing back from months of heavy outflows.