Ethereum ETFs Surge with $296.5M Inflow as Bitcoin ETFs Bleed $131.4M in Single-Day Shakeup
Money talks—and right now, it's yelling 'ETH over BTC.' Ethereum ETFs just vacuumed up $296.5 million in 24 hours while Bitcoin ETFs coughed up $131.4 million. The flippening? Not yet. But the narrative just got spicy.
The Smart Money Pivot
Institutional players aren't waiting around—they're rotating into ETH like it's the last lifeboat off the Titanic (which, given crypto's volatility, might not be far off). That $296.5 million inflow screams confidence in Ethereum's post-merge deflationary mechanics and Layer 2 boom.
Bitcoin's Paper Hands Problem
Meanwhile, Bitcoin ETFs saw $131.4 million walk out the door. TradFi tourists cashing out? Or just profit-taking after the latest ATH? Either way, it's a reminder that even the 'digital gold' crowd gets the shakes sometimes.
The Bottom Line
One day doesn't make a trend—but it sure makes hedge funds sweat. Watch where the next $100 million goes. (Spoiler: Probably wherever the Fed's printer goes brrr next.)
Ethereum ETFs Flows (Source: SoSo Value)
Additionally, trading volumes for Ethereum ETFs have reached new highs relative to native ETH spot volumes on centralized exchanges, surpassing levels seen at launch.
This trend suggests growing market confidence in Ethereum-based investment vehicles, possibly influenced by renewed institutional interest in the digital asset.
Bitcoin funds record first outflow
In contrast, US-traded Bitcoin ETFs saw a total net outflow of $131.4 million on the same day. This marks the first daily outflow for Bitcoin ETFs since July 1, breaking a 12-day streak.
According to SoSo Value data, the Ark 21Shares bitcoin ETF led the outflows with $77.5 million, followed by Grayscale’s GBTC with $36.7 million. Other notable exits included $12.8 million from FBTC, $2.5 million from HODL, and $1.9 million from BITB.
Despite the temporary retreat, institutional interest remains intact.
On July 21, Bitwise CEO Hunter Horsley revealed that an endowment added Bitcoin exposure through Bitwise last Friday. Notably, the same institution had declined to invest a year ago but reconsidered in light of the improving regulatory climate.
