$332 Million To Minus $85 Million: Why Are Ethereum ETFs Suddenly More Popular Than Bitcoin ETFs?
Ethereum ETFs attracted $332.18 million in net inflows on July 23, marking their fourteenth straight day of positive flows and signaling an intensifying institutional rotation from Bitcoin (CRYPTO: BTC) into Ether (CRYPTO: ETH).
What Happened: BlackRock‘s (NASDAQ:ETHA) led the charge with a $324.63 million single-day net inflow, contributing to a cumulative $8.9 billion since launch.
In contrast, Bitcoin spot ETFs posted net outflows of $85.9 million, extending a three-day streak of profit-taking.
According to data from SoSoValue, Ethereum ETF net assets now stand at $19.6 billion, roughly 4.57% of the asset’s market capitalization.
This includes inflows from major sponsors such as Grayscale, Fidelity, VanEck, and Bitwise.
Meanwhile, Bitcoin ETFs, including BlackRock‘s (NASDAQ:IBIT) and Fidelity‘s (BATS:FBTC), recorded a cumulative $54.4 billion in net inflows, but recent sessions have seen sentiment cool.
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