Ethereum spot ETFs recorded $103.8M in weekly inflows, 3x Bitcoin's $33.9M, with ETH/BTC trading above 100 and 200-day moving averages for three consecutive weeks.
Macro & Markets ·
Ethereum spot exchange-traded funds attracted $103.8 million in net inflows during the week ending July 24, roughly triple the $33.9 million that flowed into Bitcoin ETFs over the same period, marking the second consecutive week of Ethereum outpacing Bitcoin. BlackRock's Ethereum fund ETHA pulled in $96.3 million of that total, while Bitcoin's largest ETF product saw a net outflow of $95.5 million, including substantial redemptions on Thursday and Friday.
The divergence reflects contrasting weekly patterns: Bitcoin ETFs began strong with roughly $430 million in combined inflows on Monday and Tuesday but reversed sharply thereafter, resulting in a 55% decline compared to the prior week. Ethereum products displayed more consistent behavior, sustaining inflows through the first four trading days before recording a single $70.7 million outflow on Friday. On-chain, a corporate ETH holder increased its position by over 104,000 tokens within 30 days and now holds 5.78 million ETH, representing 4.8% of supply.
What remains unclear is whether this two-week inflow gap signals sustained institutional rotation toward Ethereum or reflects temporary profit-taking and reallocation dynamics. The extent to which these flows will sustain or influence broader altcoin momentum has not been determined.