Bitcoin ETFs saw $389.7 million in net outflows this week, a big enough number to confirm the recent softness in Bitcoin fund demand rather than write it off as noise. But the move was not universal: US-listed Ethereum ETFs still pulled in $6.7 million. That leaves the key read straightforward, this looks like Bitcoin-specific weakness, not a broad exit from digital-asset funds.
It also extends the recent pattern of daily Bitcoin withdrawals by giving that trend a much larger weekly frame. The next watchpoint is whether Ethereum’s positive flow can build into something meaningful. If those inflows stay small, this may be little more than a temporary split inside crypto allocations. If they strengthen, the market may have to price in a more durable rotation away from Bitcoin leadership.