Ethereum Gains Momentum as Bitcoin Faces Substantial Outflows
Alvin Lang Oct 20, 2025 13:37
Ethereum investors seize the opportunity to buy the dip, while Bitcoin experiences significant outflows amid digital asset market fluctuations, according to CoinShares.

In the latest digital asset fund flows, Ethereum (ETH) investors are capitalizing on market dips, while Bitcoin (BTC) is witnessing substantial outflows, according to CoinShares. The report highlights a turbulent week in digital asset markets, influenced by a liquidity cascade on October 10, 2025, caused by Binance.
Market Reactions to Liquidity Events
Digital asset investment products recorded outflows amounting to $513 million last week. This comes in the wake of the Binance liquidity cascade, which triggered market fluctuations. Despite these challenges, exchange-traded product (ETP) investors largely dismissed the event, with net outflows now totaling $668 million.
Regional Disparities in Investment
Interestingly, the outflows were predominantly concentrated in the United States, totaling $621 million. In contrast, Germany, Switzerland, and Canada experienced inflows, as investors in these regions viewed the price drops as buying opportunities. These countries recorded inflows of $54.2 million, $48.0 million, and $42.4 million, respectively.
Bitcoin and Ethereum: Diverging Trends
Bitcoin was the primary focus of outflows, with $946 million exiting the asset. This marks a notable shift from previous trends, as year-to-date inflows for Bitcoin stand at $29.3 billion, falling short of the $41.7 billion recorded in 2024.
Conversely, Ethereum investors took advantage of the price weakness, leading to inflows of $205 million. The largest inflows were directed towards a 2x leveraged ETP, amounting to $457 million, indicating strong investor confidence in Ethereum's potential.
Solana and XRP Attract Investor Interest
The launch of new ETPs for Solana and XRP generated significant enthusiasm, resulting in inflows of $156 million and $73.9 million, respectively. This reflects the growing interest in these digital assets as investment vehicles gain traction.
For further insights and detailed analysis, visit the official CoinShares research page here.
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