During the week of July 21-25, Spot Ethereum ETFs in the U.S. recorded their second-largest weekly inflow since their launch, totaling $1.85 billion.
What Drives Ethereum’s ETF Inflow Surge?
According to SoSoValue, the consistent momentum in Ethereum-based ETF investments reflects enduring institutional interest in the cryptocurrency. Over two weeks, these ETFs have pulled in over $4 billion, signaling strong confidence in Ether's prospects. Although trading volume slightly decreased to $10.39 billion, this indicates normal market liquidity adjustments.
Why Is Bitcoin ETF Inflow Slowing Down?
Meanwhile, Spot Bitcoin ETFs have seen a steep decline in inflows, from $2.39 billion to $72 million. Despite this downturn, Bitcoin's price edged up, reaching $119,077, a 0.8% increase within the last 24 hours.
Prospects for Alternative Coins
Nick Ruck noted that "Bitcoin seems to be entering a quieter phase, which has opened up opportunities for altcoins to gain more market share." Altcoins such as XRP, BNB, and Solana have also experienced notable gains as institutional investors continue to seek diversification in their portfolios.
Ethereum's surge in ETF inflows, surpassing Bitcoin, signifies its growing appeal in the investment community. While Bitcoin experiences a temporary lull, Ethereum and other altcoins are emerging as more dynamic investment alternatives.
