Bitcoin and Ethereum ETF Inflows Soar as Hype Funds Fade

Investors have injected $233.96 million into Bitcoin ETFs and $337.74 million into Ethereum funds in July, marking the first positive month for both cryptos since April.

Bitcoin and Ethereum ETFs ended an eight-week losing streak in July, but two sessions on July 23 and 24 erased two-thirds of Bitcoin's monthly gains.

Rohan's Ethereum blockchain processes $800 million daily and has pushed ETH ETFs to pull in roughly three times more money than Bitcoin funds relative to their size.

HYPE funds led every crypto ETF with $161.05 million in June but have now posted their first negative month, while XRP inflows have fallen from $131.94 million in May to $12.43 million in July.