Bitcoin Sees $196M Outflows While Ethereum Gains $73M

• $196.2M in Bitcoin sold through ETFs on August 5
• Ethereum ETFs saw $73.3M in net inflows the same day
• Reflects potential rotation from BTC to ETH

ETF Flow Shift: Bitcoin Out, Ethereum In

On August 5, U.S. spot crypto ETFs reported significant flow activity, revealing a sharp contrast in investor behavior between the top two cryptocurrencies. According to on-chain and institutional flow trackers, $196.2 million worth of Bitcoin was sold, while Ethereum recorded $73.3 million in net inflows.

This movement marks a notable sentiment shift, with investors seemingly rotating capital from BTC into ETH—possibly anticipating stronger short-term gains or preparing for future Ethereum ETF developments.

What’s Driving the Flow Divergence?

Bitcoin has seen strong institutional interest over the past year, especially after the approval of multiple spot BTC ETFs. However, the recent sell-off could be attributed to profit-taking, macro uncertainty, or a pause in upward momentum.

In contrast, Ethereum’s net inflows may reflect growing optimism around ETH ETF prospects, Layer 2 growth, or its relative underperformance in previous quarters—making it an appealing rotation play for investors looking for upside.

A Trend to Watch

While a single day of ETF flow doesn’t define a long-term trend, such large-scale movements often signal changing market dynamics. The inflows into ETH, paired with heavy BTC outflows, could suggest a potential narrative shift where Ethereum takes the spotlight—at least in the short term.

Traders and investors should monitor ETF flow data closely, as it increasingly acts as a barometer of institutional sentiment in the evolving crypto market.

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