Spot Ether ETFs see outflows for second consecutive week amid ‘cooling demand’

Spot Ethereum exchange-traded funds (ETFs) have logged two straight weeks of outflows amid cooling investor sentiment after months of strong inflows.

According to data from SoSoValue, Ether (ETH) products collectively posted $243.9 million in net redemptions for the week ending on Friday, following the previous week’s $311 million outflow.

The latest data brings cumulative inflows across all Ether spot ETFs to $14.35 billion, with total net assets standing at $26.39 billion, representing about 5.55% of Ethereum’s market cap.

On Friday, the funds also $93.6 million in outflows. BlackRock’s ETHA ETF led withdrawals with $100.99 million in outflows, while Grayscale’s ETHE and Bitwise’s ETHW posted minor inflows.

Ether funds see outflows for second week. Source: SoSoValue

Related: Bitcoin ETF apathy is pressuring a key Bitcoin support level

Spot Bitcoin ETFs see renewed strenght

Meanwhile, spot Bitcoin (BTC) ETFs saw renewed strength this week, recording $446 million in net inflows as institutional investors returned to the market, according to SoSoValue data.

On Friday, the products added another $90.6 million, bringing cumulative inflows to $61.98 billion and total net assets to $149.96 billion, representing 6.78% of Bitcoin’s market cap.

BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows with $32.68 million, followed by Fidelity’s FBTC, which added $57.92 million. Both funds remain dominant, with IBIT holding $89.17 billion in assets and FBTC $22.84 billion.

Bitcoin funds see inflows. Source: SoSoValue

Related: Bitcoin ETFs Add $2.7B in ‘Uptober’ Despite Tariff Fears

Bitcoin ETF inflows surge as Ether demand cools

Vincent Liu, chief investment officer at Kronos Research, told Cointelegraph that the current ETF flows suggest a “strong” rotation into Bitcoin as investors double down on the “digital gold” and store-of-value narrative.

According to Liu, renewed confidence in Bitcoin reflects broader market sentiment favoring assets seen as resilient amid global uncertainty and anticipation of upcoming interest rate cuts.

Meanwhile, Ethereum’s ongoing ETF outflows underscore cooling demand and softer onchain activity, with institutional investors waiting for new catalysts before re-entering.

Looking ahead to next week, Liu expects BTC inflows to remain strong as traders position themselves for a potential macro tailwind from monetary easing. “Ethereum and other alts could regain only if network activity picks up or a new catalysts emerge,” he added.

Magazine: Back to Ethereum — How Synthetix, Ronin and Celo saw the light