Last week, Ethereum ETFs recorded significant inflows, outpacing Bitcoin, reflecting high interest from institutional investors.
Strong Inflows for Ethereum ETFs
From July 21-25, Ethereum ETFs attracted $1.85 billion, marking the second-largest inflow since their inception. The total capital flow into these funds over two weeks exceeded $4 billion, indicating sustained institutional interest.
Slowdown in Bitcoin ETF Inflows
In contrast, Bitcoin ETFs garnered only $72 million during the same period, significantly lower than previous weeks when inflows reached $2.39 billion. However, Bitcoin's price rose by 0.8% to $119,077 during trading.
Cryptocurrency Price Dynamics
Alongside the strong inflows to Ethereum ETFs, ETH's price surged by 3.4%, surpassing $3,900. Meanwhile, notable altcoins like XRP (+2.5%), BNB (+6.6%), and Solana (+3.3%) also experienced positive movement earlier in the week despite market fluctuations.
Overall, the inflow figures for Ethereum ETFs highlight the growing interest from investors in this cryptocurrency, while Bitcoin and altcoins also show moderate gains.
