Exchange-traded crypto products recorded a net outflow of $513 million in the seven days ending around 20 Oct 2025. Money left Bitcoin funds and moved into Ethereum products, marking a notable rotation within institutional vehicles. The shift will likely sway prices, liquidity and derivatives positions in the weeks ahead.
Data for the week show Bitcoin funds shed $946 million while Ethereum funds took in $205 million, producing the $513 million deficit. The reallocation underscores the changing balance of flows between the two largest crypto assets.
The moves followed the sharp 10 Oct sell-off dubbed the “liquidity cascade”. That drop scared leveraged funds and triggered six straight days of Bitcoin outflows, with some sessions ranking among the worst of 2025 for certain exchange-traded products.
The contrast with earlier weeks is stark: early October brought almost $6 billion into crypto funds, including $1.48 billion into Ethereum products. July saw a combined $3.7 billion flow into Bitcoin or Ethereum funds, and mid-August weekly trading volume in those products hit $40 billion at peak. The numbers show how fast money moves but also how quickly sentiment flips.
Crypto products recorded a net outflow of $513 million in the seven days
The split between Bitcoin outflows and Ethereum inflows carries clear market effects that could shape near-term dynamics.
Institutional wallets are shifting weight toward Ether — the two assets no longer rise and fall in lockstep. Heavy Bitcoin sales widen the gap between bid and ask prices and add volatility when moves turn extreme.
Long strings of redemptions raise the odds of forced closures in derivatives, which steepens drops. While investors now treat Bitcoin and Ethereum as separate stories with different uses.
The week ending around 20 Oct 2025 closed with a net outflow and a clear tilt toward Ethereum. Whether that tilt lasts or flips will depend on how flows behave once the aftershocks of the liquidity cascade fade.
