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Bitcoin Fund Holdings Rise as Ethereum Demand Lags Behind

Bitcoin funds added 92,116 BTC as Ethereum funds shed 127,246 ETH. CryptoQuant data showed stronger BTC accumulation by May 5. The split pointed to weaker institutional conviction across ETH fund holdings.

Written By : Yusuf Islam
Reviewed By : Achu Krishnan

CryptoQuant data shared on X shows Bitcoin fund holdings increased by 92,116 BTC between February 7 and May 5, while Ethereum funds lost 127,246 ETH over a similar period. The data points to faster institutional accumulation in Bitcoin, as Ethereum funds continued to show weaker recovery signals.

CryptoQuant said Bitcoin accumulation had accelerated while Ethereum struggled to regain institutional conviction. The analytics platform added that Bitcoin appeared to regain institutional confidence faster than Ethereum.

The Bitcoin chart showed fund holdings rising from 1,278,263 BTC on February 7 to 1,370,379 BTC on May 5. During the same period, Bitcoin’s price moved from about $69,249 to $80,874.

Bitcoin Funds Recover as Price Moves Higher

Bitcoin fund holdings climbed 7.21% from the February low shown on the chart. That increase added more than 92,000 BTC to tracked fund balances by May 5.

At the same time, Bitcoin’s price rose alongside the recovery in holdings. The chart showed BTC moving from near $69,249 on February 7 to about $80,874 on May 5.

The data also showed a steady upward path in fund balances from early February through May. That trend matched CryptoQuant’s statement that BTC accumulation had accelerated.

Ethereum Funds Lose Ground Despite Price Rebound

Ethereum fund holdings moved in the opposite direction. The chart showed holdings falling from 5,933,752 ETH on February 5 to 5,806,506 ETH on May 5.

That marked a decline of 127,246 ETH, equal to a 2.14% drop over the period shown. The fall came even as Ethereum’s price recovered from its February level.

ETH traded near $1,823 on February 5 and later reached about $2,359 on May 5. So, while price improved, fund holdings did not return to the earlier level.

This split created a clear contrast between the two assets. Bitcoin funds add holdings, while Ethereum funds still hold fewer coins than they did in early February.

Read More: BTC Breakout Attempt Gains Momentum Amid $8 Billion Exchange Outflows

Fund Data Shows a Clear Institutional Split

CryptoQuant’s comparison showed Bitcoin drawing stronger fund accumulation after its February decline. The fund holdings line rose steadily into May and reached about 1.37 million BTC.

Ethereum’s fund holdings line remained lower despite price recovery. The chart showed a weaker trend in ETH balances compared with Bitcoin’s stronger rebound.

CryptoQuant described this as hesitation around Ethereum’s institutional conviction. In contrast, its Bitcoin chart pointed to renewed accumulation across tracked funds.

The data presented a direct market split. Bitcoin fund holdings expanded by 7.21%, while Ethereum fund holdings declined by 2.14% by May 5.

Conclusion

CryptoQuant data showed a clear split between Bitcoin and Ethereum fund flows. Bitcoin fund holdings rose by 92,116 BTC, while Ethereum fund holdings fell by 127,246 ETH. The data pointed to stronger BTC accumulation and weaker ETH demand among tracked funds.

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