Cryptocurrency exchange-traded funds achieved unprecedented inflows last July, with Bitcoin and Ethereum ETFs collectively securing $11.2 billion – setting a new monthly record. Notably, Ethereum-focused products drew $1.6 billion during this period, driving their year-to-date inflows to $7.8 billion.
Analysts highlight Ethereum’s outperformance relative to Bitcoin – attributed to its approximately five-times-smaller market capitalization amplifying institutional investment impact. Robust institutional demand contributed to heightened sensitivity of Ethereum ETF performance to these capital flows.
Other altcoin ETFs displayed divergent trends: Solana products absorbed $311 million while XRP funds attracted $189 million in inflows. Conversely, Litecoin and Bitcoin Cash ETFs registered net outflows. Regulatory uncertainty persists following the SEC’s suspension of Bitwise’s planned 10 Crypto Index ETF conversion initiative.
Current trading shows Ethereum priced at $3,885 (up 1.9%) with $39 billion in daily volume, paralleling Bitcoin’s 0.7% gain to just below $119,000 supported by $34 billion traded.