BlackRock’s clients have net sold $60 million of the IBIT ETF, which tracks Bitcoin, while buying more than $20 million of Ethereum over the same period. The trading activity has prompted questions about whether institutions are beginning to rotate from Bitcoin into Ethereum.

Institutional Activity Points to a Possible Shift

The recent flow data suggests a potential strategic move toward Ethereum. Bitcoin has long been the leading asset in the crypto market, but Ethereum’s smart contract functionality and broader range of applications may be drawing increasing institutional attention.

BlackRock is selling Bitcoin – and buying ETH. So far this week BlackRock’s clients have net SOLD $60M of the IBIT ETF. However, they have bought more than $20M of ETH in the same time period. Are institutions rotating into ETH? pic.twitter.com/eK1gzJoMUS — Arkham (@arkham) July 29, 2026

Ethereum’s Expanding Institutional Appeal

Ethereum’s appeal has been supported by recent developments such as the launch of exchange-traded products and the addition of staking capabilities. For institutions seeking diversified exposure, Ethereum’s utility beyond being a store of value may be making it increasingly attractive, especially as market participants compare how capital is being allocated across major crypto assets.

Market Context

At the time of reporting, Bitcoin was trading near $64,160 and Ethereum was around $1,902. Market sentiment remained cautious, with fear dominating the market, a backdrop that can make notable fund flows more closely watched by traders and analysts.

The activity involving BlackRock’s clients adds a visible data point to ongoing debate about institutional crypto allocation, particularly as investors track whether flows into Bitcoin-linked products and direct Ethereum purchases continue to diverge.