Ethereum spot ETFs pulled in nearly $104 million last week, extending a three-week stretch where the altcoin funds have consistently outperformed their Bitcoin counterparts. But the winning streak is starting to show hairline fractures.
| Metric | Value |
|---|---|
| Weekly ETH ETF Inflow | $104 million |
| ETH Price High | $1,950 |
| ETH Price Low | $1,850 |
| May Peak Net Inflows | $12.09 billion |
That inflow wave had coincided with Bitcoin touching $67,000 on Wednesday, its highest mark in over a month. The rejection was swift. By Friday, BTC had slid back to $64,000.
Ethereum, meanwhile, faced a lower bar. Its spot ETFs had been in negative territory for much of the spring, and the recent $200 million recovery, while welcome, still leaves total net inflows far below the $12.09 billion peak reached in May. Traders are watching to see if the momentum can sustain or if this is merely a dead-cat bounce in flows.
The price action mirrored the flows. ETH surged past $1,900 midweek and briefly challenged $1,950 before slipping about $100 over Friday and Saturday. That $1,850 handle is now the level to hold.
The key test for Ethereum ETFs comes this week: can they sustain inflows without a fresh catalyst, or was the past three weeks' performance just catch-up capital rotating out of Bitcoin? If BTC outflows accelerate while ETH inflows stall, the "cracks" in the headline become structural.
For now, the trend favors Ethereum. But trends in crypto ETF flows have a habit of reversing faster than anyone expects.