Bitcoin ETFs Shed 3,170 BTC Over Past Week While Ethereum ETFs Post Third Straight Weekly Inflow of 37,959 ETH

BTC-1.68%
ETH-1.42%
According to CoinGlass data, Bitcoin ETFs posted net outflows of 3,170 BTC over the past seven days ending July 28, while Ethereum ETFs recorded inflows of 37,959 ETH over the same period. BlackRock's IBIT fund, the largest spot Bitcoin ETF, lost 3,511 BTC and accounted for most of Bitcoin's decline. BlackRock's ETHA fund, meanwhile, drove Ethereum inflows with 37,424 ETH of the category's total gain. The divergent flows signal growing institutional preference for ether, marking Ethereum ETFs' third consecutive weekly inflow this month.
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