U.S. spot Ethereum exchange-traded funds recorded $70.6 million in net outflows Friday, snapping a five-day inflow streak for the ETH ETF products. Bitcoin ETFs posted a second consecutive day of outflows as well.
Despite Friday's reversal, Ethereum ETFs closed their third straight week of net inflows, pulling in $103.9 million for the week ending July 25. That follows $211.25 million in net inflows across the five sessions from July 17 through Thursday.
Bitcoin ETFs extended their own weekly inflow streak to three, matching the trend in Ethereum. Both asset classes are absorbing consistent capital beyond the daily noise.
Ethereum was trading at $1,872.51 and Bitcoin at $64,345.79. The Crypto Fear & Greed Index sat at 27—deep in fear territory—yet institutional money kept flowing into ETF products through the week. That divergence matters: smart money accumulates when retail sentiment breaks down.
The approval of Ethereum spot ETFs in May 2024 opened a direct institutional channel into ETH. Three consecutive weeks of net inflows, with Friday's pullback looking more like profit-taking than structural selling, points to financial advisors and institutions building positions—not trading momentum.