Ethereum ETFs significantly outperformed Bitcoin ETFs in July with $365M inflows and 20% price surge, while Bitcoin ETFs saw modest $172M inflows.
Macro & Markets ·
Spot Bitcoin ETFs recorded $172.42 million in net inflows during July, marking a recovery after two consecutive months of substantial outflows in May and June that totaled nearly $7 billion. Ethereum ETFs significantly outpaced Bitcoin funds, attracting $365.17 million in inflows and closing all four full weeks of the month in positive territory. The divergence in fund flows aligned with underlying price performance: Ethereum surged 20% in July, its best monthly gain in a year, while Bitcoin's recovery remained more constrained amid continued volatility.
The contrast between the two assets reflects different investor sentiment trajectories. Bitcoin ETF inflows peaked early in July at nearly $200 million in the first week but declined steadily, turning negative in the final week with $61.53 million in outflows. Ethereum ETF flows demonstrated more consistent strength, with only a single day in red during the month's final week, suggesting sustained investor confidence despite historical headwinds.
The modest July recovery for Bitcoin ETFs remains insufficient to offset losses from the prior two months, leaving cumulative year-to-date flows substantially below earlier peaks. Whether this divergence between Bitcoin and Ethereum fund performance persists into August—a historically mixed month for Ethereum—remains uncertain.