ETH ETFs pull in $713M this week, closing the gap on Bitcoin’s $884M

For most of the past year, Ethereum ETFs played backup singer to Bitcoin’s headliner. This week, they started stealing the spotlight. US spot ETH ETFs attracted $713 million in net inflows over the past week, nearly matching the $884 million that flowed into Bitcoin ETFs over the same period.

The ETH inflow figure marks the strongest weekly total for Ethereum funds in roughly ten months, matching momentum last seen around October 2025. Bitcoin ETFs, meanwhile, pulled in $884 million for the week, resulting in combined inflows that rank among the largest for any single week since that same October 2025 stretch.

BlackRock’s iShares Ethereum Trust, ticker ETHA, led the charge on the ETH side. On a single day in mid-August, ETHA alone absorbed over $122 million in inflows. BlackRock’s Bitcoin counterpart, IBIT, similarly dominated BTC flows, accounting for the majority of Bitcoin inflows across multiple sessions.

Trading volumes across both product types more than tripled compared to prior periods during the peak inflow week. Cumulative assets under management tell the fuller story. BTC ETFs are now valued somewhere in the neighborhood of $96 billion to $100 billion in total AUM. ETH ETFs sit between $13 billion and $15 billion.

Two macro forces appear to be doing the heavy lifting. First, falling Treasury yields have made yield-seeking investors reconsider their risk allocations. Second, the regulatory backdrop has quietly improved, with fund managers who previously sat on the sidelines finding it easier to justify adding crypto exposure to balanced portfolios.

Bitcoin prices briefly pushed toward $80,000 during this stretch, while Ethereum crossed above $2,500. Earlier in 2026, net outflows were actually the story, with both Bitcoin and Ethereum ETFs shedding assets as macro uncertainty weighed on risk appetite. The reversal in August has been sharp enough that fund managers are describing it as a genuine shift in sentiment rather than a tactical bounce.

A $713 million week for ETH relative to Bitcoin’s $884 million suggests that at least some institutional buyers are treating Ethereum as a primary allocation, not just a satellite position. The first wave of regulated crypto investment was essentially a Bitcoin-only story. The second wave appears to be a multi-asset one, with Ethereum as the clear second pillar.

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