Ethereum Steals the Spotlight: $1.59B Floods In as Bitcoin Bleeds $175M
Money talks—and right now, it's yelling 'ETH over BTC.' While Ethereum products just racked up a staggering $1.59 billion in weekly inflows, Bitcoin investors are hitting the exits with $175 million in outflows. The flippening isn't here yet, but someone's shuffling the deck.
Ethereum's Defi dominance pays off
Smart contracts, staking yields, and institutional-grade ETFs are finally pulling weight. Traders are voting with their wallets, and the smart money’s parking itself in ETH—ironic, given how often crypto 'experts' still call it 'Bitcoin’s sidekick.'
Bitcoin’s slow-motion identity crisis
The OG crypto’s outflows suggest a brutal truth: digital gold isn’t glittering right now. Maybe it’s ETF fatigue, maybe it’s the Fed’s shadow—either way, $175 million just walked out the door. (Cue the 'long-term holders' copium.)
Bottom line: The market’s bipolar, Wall Street’s still pretending to understand blockchain, and somewhere, a VC is tweeting 'I told you so' with zero irony. Place your bets.
Altcoin Season Buzz Grows Amid Ethereum’s Surge and Bitcoin’s Dip
The divergence has sparked renewed speculation over whether an “altcoin season” may be underway.
Solana and XRP followed Ethereum’s strong performance with inflows of $311 million and $189 million, respectively. sui also drew $8 million.
Meanwhile, other altcoins struggled to attract capital, with Litecoin and Bitcoin Cash seeing outflows of $1.2 million and $660,000.
Regionally, U.S.-based products dominated, bringing in $2 billion, while Germany saw $70 million in inflows. Those gains were partially offset by losses in Canada, Hong Kong, and Brazil.
Year-to-date, Ethereum products have now attracted $7.79 billion, exceeding their total inflows for all of 2023.
On Friday, spot Ethereum ETFs continued their strong performance, marking 16 straight trading days of inflows and adding $452.72 million in net capital, according to SoSoValue.
BlackRock’s iShares Ethereum Trust led the pack again with $440.10 million in inflows, pushing its total assets to $10.69 billion.
Growing tensions at the Fed ahead of the July FOMC meeting, internal dissent and TRUMP pressure could mark a historic shift.
Meanwhile, @ethereum shines with record ETF inflows, and altcoin interest rises as @Bitcoin volatility cools.
This week’s update:
Fed & policy… pic.twitter.com/C1lsdqqsYr
Other ETFs, including Bitwise’s ETHW and Fidelity’s FETH, saw much smaller inflows of $9.95 million and $7.30 million, respectively.
Grayscale’s ETHE remained an outlier, continuing to bleed funds with $23.49 million in redemptions, bringing its total outflow to $4.29 billion.
Since their launch, U.S. spot Ethereum ETFs have pulled in $9.33 billion in cumulative inflows, with total net assets reaching $20.66 billion, equivalent to 4.64% of Ethereum’s market cap.
Institutional Demand Fuels Continued Inflows Into Ethereum Products
The continued inflows into Ether-based products come as institutional interest in Ethereum has surged in recent weeks.
BitMine Immersion Technologies recently acquired $2 billion worth of ETH over a 16-day span, making it the largest corporate holder of Ethereum.
In total, corporate treasuries now hold 2.31 million ETH, representing 1.91% of the asset’s circulating supply, according to Strategic Ether Reserves.
Last week, Bitwise CIO Matt Hougan said he expects the momentum to continue, driven by growing interest in DeFi, staking, and tokenization.
He projected up to $20 billion in ETH demand over the next year from ETFs and institutions, while Ethereum is only expected to issue 0.8 million ETH, raising the possibility that demand may outstrip supply by nearly seven times.
15/ In the short term, the price of everything is set by supply and demand. And for the time being, there is significantly more demand for ETH than there is new supply.
I suspect we go higher.
As reported, Bloomberg’s senior ETF analysts have assigned a 95% chance that the SEC will approve spot ETFs for Solana, XRP, and Litecoin this year, raising their previous odds from 90% amid growing Optimism for institutional crypto products.
They also expect a crypto index ETF tracking multiple assets could gain approval as early as this week, signaling broader access to altcoins for traditional investors.