BlackRock’s Ethereum ETF Outshines Bitcoin Fund in Weekly Inflows—Here’s Why

Wall Street’s love affair with crypto just got a twist—Ethereum’s pulling ahead.

BlackRock’s Ethereum ETF isn’t just competing; it’s lapping its Bitcoin counterpart this week. The smart-money crowd’s betting big on ETH’s utility play—while Bitcoin maximalists grind their teeth. Guess even institutional investors get FOMO.

Why the shift? Maybe it’s the yield-generating DeFi ecosystem, or just hedge funds chasing the next shiny thing. Either way, the ‘digital gold’ narrative’s getting some stainless-steel competition.

One cynic’s take: ‘Institutions finally realized they can’t print ETH like dollars.’ Ouch.

Ethereum ETFs on the Rise

IBIT, BlackRock’s Bitcoin ETF, has been heralded as the “greatest launch in stock exchange history.” Last month, it became the firm’s biggest ETF by fee revenues, and it may surpass Satoshi’s BTC wallet in less than a year.

However, in a notable upset, BlackRock’s Ethereum ETF saw even greater inflows this week:

iShares Ethereum ETF is #2 out of *all* 4,300+ ETFs in inflows over past week…

Right behind Vanguard S&P 500 ETF.

iShares bitcoin ETF is #5. pic.twitter.com/nyN3VN6prm

Bitcoin ETFs have seen strong institutional support thanks to aggressive corporate investment, so it’s a little surprising to see Ethereum products eat their lunch.

BTC ETF inflows have been cooling over the last few days, as the asset’s all-time high is slowing the market. Ethereum ETFs, on the other hand, are keeping a steady pace.

Even pauses in Ethereum growth haven’t meaningfully interrupted the trend, as corporate investment is continuing rapidly. Most corporate crypto holders are turning to Bitcoin, which may have significant downsides.

ETH, therefore, is a popular but less crowded alternative choice, as Wall Street investment isn’t fully moving the market.

Plus, Ethereum maximalism in its own right is on the rise. This topic struck particularly close to home for BlackRock today, when its Head of Digital Assets left the firm to join an ETH treasury company.

This executive helped spearhead BlackRock’s crypto ETF strategies, but he felt that SharpLink could better allow him to focus on Ethereum.

With institutional investments into Ethereum picking up the pace, Bitcoin’s dominance has dipped more than 5% in July.