ETH ETFs Just Hit a $1 Billion Net Inflow Day – Could That Spur Altcoin Rotation This Weekend?

Key Points

1. U.S. spot Ethereum ETFs attracted $1 billion in inflows in one session, with BlackRock’s ETHA fund contributing $640 million and Fidelity’s FETH adding $277 million.

2. Total ETF holdings now stand at $25.7 billion, with cumulative inflows exceeding $10.8 billion this cycle.

3. Ethereum’s price rose 49% in July, significantly outperforming Bitcoin’s 8% gain, while the total crypto market cap surpassed $3.7 trillion.

4. Ethereum-based DEX volume reached $24.5 billion over 48 hours, doubling Solana’s trading volume, indicating strong momentum in ETH DeFi protocols.

5. Potential spillover effects may benefit layer-2 networks (e.g., Arbitrum, Optimism), DeFi protocols (e.g., Uniswap, Aave), and AI-adjacent tokens (e.g., Render, Fetch.ai).