Ethereum Flips Bitcoin: $25.7B Spot Trading Volume & ETF Frenzy Signal a New Era
Move over, Bitcoin—Ethereum just stole the spotlight.
With spot trading volume rocketing to $25.7 billion and ETF inflows exploding, ETH isn’t just competing—it’s rewriting the crypto hierarchy. Wall Street’s latest flavor of the month? Probably. But for now, the smart money’s betting on the flippening.
The Volume Tells the Story
That $25.7B figure isn’t just a number—it’s a statement. Traders are ditching digital gold for decentralized apps, and institutions are piling in like it’s 2021 all over again.
ETF Inflows: The Institutional Stampede
Behind the scenes, ETF inflows are surging. Because nothing says ‘adoption’ like hedge funds finally figuring out how to pronounce ‘gas fees.’
One thing’s clear: Ethereum’s not just leading the altcoin pack—it’s gunning for the throne. Whether this holds or becomes another ‘narratives over fundamentals’ circus? Even the whales are placing bets.
Ethereum has surpassed Bitcoin in spot trading volume, which is the first switch in more than a year. In the last week, Ethereum’s total spot trading volume sat at a substantial level of $25.7 billion compared to that of Bitcoin, which amounted to $24.4 billion.
ETH just flipped BTC in spot trading volume for the first time in a year.
Last week:
• ETH: $25.7B
• BTC: $24.4B
ETH/BTC ratio climbed above 1 – a level not seen since June 2024
Investor interest in ethereum and altcoins is heating up. pic.twitter.com/Khv9Bcb7sW
Such volume volatility will be an indicator of increased interest in the Ethereum and the entire ecosystem of decentralized applications.
The ETH/BTC ratio, therefore, a ratio of the respective trading value of the two cryptocurrencies, ROSE beyond 1, a mark that it had not hit since the month of June 2024.
Above 1, this ratio shows that more capital is moving into ETH than Bitcoin, i.e., the traders are investing in opportunities related to ETH.
Institutional Buyers Double Down on Ethereum
Demand among investors to trade Ethereum has also extended past spot trading. On July 23, Ethereum spot ETFs recorded a mammoth inflow of $332 million.
This surge saw the 14th day of positive inflows by the funds and strengthened a long-lasting institutional belief in ETH rather than the traditional exposure to Bitcoin.
The standout performer was BlackRock’s iShares Ethereum Trust (ETHA), which alone attracted $325 million of new assets in a single session.
Broader Impact on Altcoin Markets
Every altcoin market presents one common direction: increased volume in the daily spot and constant ETF flows lead to the possibility of higher trading opportunities.
The market participants are already questioning whether bitcoin will regain its dominance in trading volumes or if this indicates a longer-term shift towards ETH and its derivative assets.
The data clearly demonstrates that ETH is currently dominating both exchange-traded markets and the institutional ETF space. Leading the spot volumes and having a strong inflow into the ETH-based tokens, the token seems to take the stage in the next sprint of the crypto market performance and formalize itself as either a retail or professional investor.
