Ethereum Spot ETFs Outpace Bitcoin in Weekly Inflows for Second Consecutive Week
AI Market Summary
Ethereum spot ETFs outpaced Bitcoin ETFs in weekly inflows for a second straight week, with ETH products drawing $103.8m versus $33.9m for BTC. Flows were highly concentrated: BlackRock's ETHA took in $96.3m while IBIT saw $95.5m in outflows, highlighting diverging institutional positioning. Steadier ETH ETF demand and reported corporate accumulation tighten the market narrative around ETH versus BTC in the near term.
Impact level
● High
Affected assets
ETH/USDT-3.80%
AI Insight · ETH/USDTAI Insight
▲ Bullish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Ethereum spot ETFs outperformed Bitcoin counterparts for the second consecutive week, securing $103.8 million in net inflows for the week ended July 24, according to data from Farside Investors. This figure nearly tripled the $33.9 million recorded by Bitcoin spot ETFs during the same period. BlackRock’s ETHA fund led the surge with $96.3 million in inflows, while its flagship Bitcoin ETF, IBIT, experienced $95.5 million in net outflows, driven by significant withdrawals on Thursday, July 23, and Friday, July 24. While Bitcoin ETFs saw strong demand early in the week totaling $430 million, they faced a sharp reversal. Conversely, Ethereum products remained steady until a Friday outflow of $70.7 million. On-chain metrics further support this trend, with BitMine Immersion increasing its holdings by 104,512 ETH over the past 30 days, now controlling approximately 4.8% of the total supply.