Crypto ETF Inflows Divide: Bitcoin Adds $228 Million While Ethereum Loses $26 Million
The cryptocurrency ETF market saw a sharp divergence in inflow trends during the week ending June 28, 2025, reflecting a divided market sentiment between the world’s two largest digital assets. According to data from fund providers, Bitcoin ETFs continued to attract steady inflows with a total of $228 million inflows, while Ethereum-related products recorded $26 million in outflows, a slight reversal from the neutral trend seen in recent weeks.
Bitcoin Remains the Focus of Institutional Investors
Strong inflows into Bitcoin ETFs reflect growing confidence in the asset as a form of “digital gold.” After Bitcoin held above the $105,000 support level and showed a significant recovery since May, institutional investors continued to take advantage of the current price to accumulate more.
ETF products managed by BlackRock, Fidelity, and Ark accounted for the majority of new capital flows, showing that the appeal of managed investment channels has not diminished, despite the short-term market correction. Bitcoin's stability in the $106,000 - $108,000 range while the global stock market is also in a mild recovery state has helped strengthen BTC's position as a medium- to long-term hedge asset.
Ethereum struggles as capital flows turn around
In contrast, Ethereum did not attract similar interest over the past week. $26 million was withdrawn from ETH ETFs, marking the second consecutive week of declining inflows. This comes as ETH is still struggling below the key resistance level of $2,800 and has yet to sustain its recovery momentum like BTC.
Despite Ethereum’s recent technical improvements, including the Pectra network upgrade and expectations for an upcoming SEC-approved ETF, it is clear that the market is still questioning ETH’s short-term growth. Analysts believe that the outflows may reflect mild profit-taking from funds following the strong rally since May.
Market Outlook: Long-term Confidence Remains Strong
In total, digital asset investment products recorded net inflows of about $195 million, bringing the cumulative inflows since the beginning of 2025 to over $16 billion. Of which, Bitcoin accounted for over 85%, continuing to be the top choice for institutional investors.
The market sentiment remains positive in the long term, especially as large fund managers continue to expand their digital portfolios, and the US interest rate environment may ease further by the end of Q3. This further favors scarce assets like Bitcoin.
Conclusion
The divergence of capital flows between Bitcoin and Ethereum shows that investors still choose BTC as the leading asset during uncertain times. While Ethereum continues to be affected by short-term sentiment and lacks a clear catalyst for a breakout, Bitcoin still retains its appeal as an alternative asset and a store of value. If favorable macro factors and the decision on altcoin ETFs become clearer in the coming time, capital flows may return to ETH. However, for now, BTC continues to be the preferred destination for capital flows in the digital asset market.