Spot Ethereum exchange-traded funds (ETFs) have attracted more than $4 billion in net inflows over a 13-day period, signaling robust institutional demand. This trend coincides with net withdrawals from Bitcoin ETFs, suggesting a notable rotation in crypto investment strategies.
The Ethereum ETF inflows, recorded between July 3 and July 22, included daily records of $726.74 million on July 16 and $602.02 million two days later. Market analysts project potential annual inflows reaching $20 billion worth of ETH, significantly outpacing the expected new supply issuance of 0.8 million ETH.
Supporting this accumulation narrative, exchange outflows totaled 76,987 ETH (equivalent to approximately $285 million), reflecting reduced market availability. Meanwhile, spot Bitcoin ETFs recorded a $67.93 million net outflow on the same benchmark day. Bitwise’s BITB and Ark’s ARKB experienced the largest withdrawals, though Grayscale’s GBTC saw a modest $7.51 million inflow.
The divergent flows highlight a strategic investor shift positioning Ethereum for its blockchain utility and innovation exposure, beyond Bitcoin’s traditional store-of-value proposition.