Between July 16 and 17, Ethereum ETFs saw record inflows of $1.32 billion, underscoring the growing interest of institutional investors in cryptocurrencies.
Investments in Ethereum ETFs
On July 16 alone, inflows exceeded $726 million, marking the strongest day ever for Ethereum ETFs. The primary leader in attracting funds has been the ETF from BlackRock named ETHA, which accounted for 79% of the total.
Comparison with Bitcoin
ETHA has climbed to fifth place among all ETFs globally in terms of weekly inflows, drawing $1.26 billion as of July 18. Ethereum is also closing the gap on Bitcoin in terms of inflow ratios: ETH ETFs attracted $1.78 billion this week compared to $2.02 billion for Bitcoin, bringing the ETH/BTC inflow ratio to 88%.
The Ethereum Market and Its Future
This explosive growth highlights Ethereum's accelerating appeal to institutional investors and places ETH ETFs firmly in the global spotlight.
The increase in investments in Ethereum ETFs indicates a growing interest from major players in this cryptocurrency, potentially signaling changes in market dynamics.
