Ethereum ETFs Outshine Bitcoin with Record $1B Inflows During Anniversary Surge
Move over, Bitcoin—Ethereum's the new ETF darling. Fresh data shows ETH funds vacuuming up $1 billion while legacy crypto plays scramble to keep up.
The flippening's here (for now). Institutional money's placing its bets—and they're not all on the OG crypto. TradFi's finally waking up to smart contracts' siren song.
Wall Street's latest shiny toy proves crypto winters thaw faster than bankers' skepticism. Who needs store-of-value narratives when you've got the world computer?
Ethereum ETFs Flows (Source: SoSo Value)
BlackRock’s ETHA led the pack with $324.6 million in inflows. VanEck’s ETHV followed with $4 million, while Fidelity’s FETH drew in $3.6 million.
Nate Geraci, President of The Nova Dius Wealth, noted the timing of the inflows, stating they coincided with the ETFs’ launch anniversary.
He added that six of the seven strongest days for inflows have occurred within the past week alone. Spot Ethereum ETFs have pulled in more than $4.4 billion over the last 13 days.
Bitcoin ETFs outflow
While Ethereum ETFs saw surging interest, bitcoin funds struggled to maintain momentum.
Of the 12 major spot Bitcoin ETFs, only BlackRock’s IBIT recorded net inflows on July 23, pulling in $142.6 million. In contrast, Fidelity’s FBTC, Ark Invest’s ARKB, and Bitwise’s BITB collectively lost $238.9 million in outflows.
As a result, the Bitcoin funds saw cumulative outflows of over $84 million on the day. This pushed the ETFs’ outflow streak to three consecutive days, with over $280 million exiting, according to SoSo Value data.
Despite the short-term divergence between Bitcoin and Ethereum products, Geraci emphasized that they have forced the traditional financial industry to pay attention to the crypto industry. He said:
“These spot ETFs have absolutely dominated the industry narrative over the last year & a half. BTC ETFs shattered nearly every ETF launch record. ETH ETFs [are] among the most successful new launches over the past year.”
Since their US debut last year, the combined spot Bitcoin and Ethereum ETFs have seen more than $60 billion in cumulative net inflows. These funds now manage more than $172 billion in assets under management (AUM), cementing their role as major players in the evolving digital asset investment landscape.
