I noticed significant movements in cryptocurrency exchange-traded funds (ETFs) this week. Bitcoin and Ethereum inflows tell an interesting story about current market sentiment.

Spot Bitcoin funds in the U.S. market experienced net outflows of approximately $296 million, with a notable decline from the BlackRock IBIT fund by $158 million. Total assets reached $84.77 billion. But the most exciting news comes from Ethereum — spot ETH funds recorded record-breaking net inflows of $160.8 million, a historic figure we haven't seen before. The shift from Bitcoin to Ethereum is very clear in the recent data.

In Hong Kong, the situation is slightly different. Spot Bitcoin funds recorded inflows of 34.28 Bitcoin (about $271 million), while Ethereum funds saw outflows of 1,210 ETH. Institutional investors seem to be rebalancing their portfolios.

On the news front, Morgan Stanley is preparing a Bitcoin fund with a fee of only 0.14% — the lowest in the market right now. This is a major development. Additionally, Hashdex expanded its indices to include 7 assets instead of 5, adding ADA and LINK to the core portfolio.

Goldman Sachs held about $152 million worth of XRP through multiple funds, but the price remains under pressure. Analysts warn of a potential 50% correction if the pressures persist.

Technical indicators suggest gradual improvement. CryptoQuant indicated that selling pressure has significantly eased, with inflows over the past month totaling about 38,000 Bitcoin ($19283746565748392T). Bitcoin is currently at $77,710 with a 1.52% decrease in 24 hours, and Ethereum at $2,310 with a 3.38% decline. The market seems to be heading toward a new balance between these two main assets.