- Ethereum ETFs see $265M in inflows as bullish momentum drives ETH past $2,700 with institutional support.
- Bitcoin steadies at $110K despite $210M ETF outflows, signaling resilient demand and bullish sentiment.
- ETH/BTC chart hints at a breakout, fueled by Ethereum’s staking growth and surging institutional interest.
Ethereum ETFs recorded a massive $265 million net inflow over the past week, sharply contrasting with the $210 million outflow seen in Bitcoin ETFs. The divergence signals a potential institutional pivot as Ethereum breaks above $2,700, riding a wave of aggressive accumulation and bullish conviction.
Ethereum ETFs Attract Capital as Bitcoin Funds Face Outflows
In a June 6 update, ten Bitcoin ETFs saw a net outflow of 1,055 BTC, valued at $113.77 million. BlackRock’s iShares Bitcoin Trust (IBIT) led the exodus, losing 1,250 BTC in a day despite holding 661,458 BTC worth $71.34 billion. Over seven days, total BTC ETF outflows reached 1,948 BTC or $210.06 million, suggesting declining short-term sentiment.
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Meanwhile, Ethereum ETF flows moved decisively higher. ETH ETFs absorbed 6,819 ETH in one day, led by iShares Ethereum Trust (ETHA) with 6,356 ETH. Every week, ETH products gained 104,564 ETH, totaling $265.28 million in new capital, showing a marked preference for Ethereum exposure.
iShares Ethereum Trust Dominates Institutional Allocation
According to a report by Lookonchain, ETHA now holds 1,513,131 ETH valued at $3.84 billion, reinforcing its dominance among Ethereum ETF products. This fund led both daily and weekly inflows, underscoring rising confidence in Ethereum’s staking roadmap and network growth potential.
Other funds showed mixed yet supportive flows. Grayscale Ethereum Mini Trust added 6,013 ETH over the week, despite a small daily outflow. Invesco Galaxy (QETH) and Franklin’s EZET logged 543 ETH and 1,139 ETH weekly, respectively. While VanEck and 21Shares ETFs held flat, they maintained solid exposure at 14,065 ETH and 8,948 ETH.
Ethereum Price Momentum Mirrors Fund Behavior
Ethereum’s rally to $2,717.78 validates institutional bullishness. ETH gained 1.40% intraday, breaking through $2,600 and $2,680 resistance levels with large-bodied green candles, an unmistakable signal of high-conviction buying. The breakout started at $2,480, now a key support level.
Price action above $2,700 remains uninterrupted, signaling institutional defense of higher levels. The steep trajectory, paired with clean structure and absence of selling wicks, suggests Ethereum could test $2,750 next. Market makers are backing ETH’s continued upside.
Bitcoin Holds Above $110K Despite ETF Rotations
Despite ETF outflows, Bitcoin surged to $110,015.45, gaining 3.43% as CoinMarketCap noted a 49.55% spike in volume to $53.98 billion. Momentum ignited after $106,250 was cleared, with BTC slicing through $107K, $108K, and $109K psychological levels seamlessly.
Although Grayscale GBTC, Mini Trust, and Valkyrie BRRR sold off BTC, spot market activity remained bullish. With a 2.18 trillion market cap and only 1.13 million BTC left unissued, Bitcoin’s scarcity remains intact, supporting long-term valuation even amid short-term institutional repositioning.
ETH/BTC Cross Poised for Breakout
Matthew Hyland highlighted the ETH/BTC pair at 0.02461 BTC, tightening within a symmetrical triangle. Resistance is at 0.02500 BTC, and support is near 0.02320 BTC. Reduced upper wicks and steady volume signal a likely breakout.
If ETH/BTC breaches the upper boundary, prior highs may return to focus, intensifying Ethereum’s relative strength narrative. Despite ETF outflows from Bitcoin and inflows into Ethereum, markets stay bullish, eyeing $120K for Bitcoin and $10K for Ethereum amid strong demand.
