HedgeCo.Net — U.S. spot ether ETFs pulled in about $697 million last week while bitcoin funds took in $1.92 billion, a companion tape rather than a copy of the bitcoin print. CryptoBriefing put ether’s week at roughly $693 million to $697 million for the period ending August 22. EdgeX, writing from the Friday close, put Friday ether inflows at $184.93 million and the five-day ether total at $697.18 million, with BlackRock’s ETHA about 82% of that Friday ether figure. That is an ether week wrap. It is not the August 20 session print this desk already ran.
The two asset-class weeks moved together and still have to be marked separately. Bitcoin’s $1.92 billion week is the larger object. Ether’s ~$697 million is the smaller one. EdgeX said every bitcoin and ether ETF that reported a Friday flow finished without a redemption. CoinBoss’s Farside table, used on the bitcoin wrap, is a bitcoin product list; do not read a bitcoin AUM of about $96 billion as ether AUM.
Concentration is the same pattern as bitcoin, in a different wrapper. EdgeX put ETHA at roughly 82% of Friday’s ether intake. That is issuer concentration inside ether products, not a statement that IBIT’s bitcoin creations are ether creations. Do not add ETHA’s Friday line to IBIT’s Friday line and call it a single crypto-ETF flow.
This desk already ran the August 19 ether session at $189 million and the August 20 ether session at about $220 million. The new object is the week total of about $697 million and Friday’s $184.93 million. Adding those session prints again would double-count. Mark the week, mark ETHA’s share of Friday, and stop.
The allocator job is the same as on bitcoin: creations are not a thesis change on the asset. A five-session ether streak alongside bitcoin is a flow tape in two share classes. Anyone collapsing $1.92 billion of bitcoin and $697 million of ether into “almost $2.6 billion of crypto ETFs” is allowed to add the dollars and still has to know which trust received the creation.